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  • Final Glance: Construction companies Tuesday, 16 Dec 2014 | 6:41 PM ET

    NEW YORK— Shares of some top construction companies were down at the close of trading:. Fluor fell$. 38 or. 7 percent, to $56.29. Quanta Services Inc. fell$. 32 or 1.2 percent, to $25.53.

  • Rio prosecutors file new case against Petrobras Tuesday, 16 Dec 2014 | 4:30 PM ET

    RIO DE JANEIRO— Officials from Rio de Janeiro public prosecutors' office said Tuesday that they've filed legal action against Brazil's scandal-mired oil company, Petrobras, as well as top builder Andrade Gutierrez. Authorities there allege top officials from Petrobras operated a kickback scheme on contracts worth upward of $4 billion, with money from the...

  • Midday Glance: Homebuilders companies Tuesday, 16 Dec 2014 | 1:20 PM ET

    DR Horton fell$. 06 or. 3 percent, to $23.72. Hovnanian Enterprises Inc. fell$. 08 or 2.0 percent, to $3.94. Lennar Corp. rose$. 42 or 1.0 percent, to $42.10.

  • Midday Glance: Construction companies Tuesday, 16 Dec 2014 | 1:20 PM ET

    NEW YORK— Shares of some top construction companies are up at 1 p.m.:. Fluor rose$. 68 or 1.2 percent, to $57.35. Quanta Services Inc. rose$. 15 or. 6 percent, to $26.00.

  • RIO DE JANEIRO, Dec 16- Prosecutors in Rio de Janeiro said on Tuesday that they were seeking to indict the former chief executive officer of Brazilian state-run oil company Petroleo Brasileiro SA and a leading local construction and engineering firm for fraud. This list includes Jose Sergio Gabrielli, CEO from July 2005 to January 2012 and Renato Duque, the...

  • Early Glance: Homebuilders companies Tuesday, 16 Dec 2014 | 10:20 AM ET

    DR Horton rose$. 02 or. 1 percent, to $23.80. Hovnanian Enterprises Inc. fell$. 07 or 1.7 percent, to $3.95. Lennar Corp. fell$. 09 or. 2 percent, to $41.59.

  • Early Glance: Construction companies Tuesday, 16 Dec 2014 | 10:20 AM ET

    NEW YORK— Shares of some top construction companies are up at 10 a.m.:. Fluor rose $1.07 or 1.9 percent, to $57.74. Quanta Services Inc. rose$. 33 or 1.3 percent, to $26.18.

  • WASHINGTON, Dec 16- U.S. housing starts and permits fell in November, but remained at levels consistent with a gradually improving housing market. Groundbreaking declined 1.6 percent to a seasonally adjusted annual pace of 1.028 million units, the Commerce Department said on Tuesday. Higher mortgage rates are also a constraint, although they have declined...

  • US home construction drops 1.6 percent in November Tuesday, 16 Dec 2014 | 8:33 AM ET

    WASHINGTON— Construction of new homes fell slightly in November, reflecting weakness in construction of single-family homes. Builders started construction at a seasonally adjusted annual rate of 1.03 million homes and apartments last month, the Commerce Department reported Tuesday. Jennifer Lee, senior economist at BMO Capital Markets, noted that...

  • WASHINGTON, Dec 16- U.S. housing starts and permits fell in November, but the underlying trend remained consistent with an improving housing market. Groundbreaking declined 1.6 percent to a seasonally adjusted annual 1.028 million-unit pace, the Commerce Department said on Tuesday. Higher mortgage rates are also a constraint, although they have since...

  • Ahead of the Bell: US home construction Tuesday, 16 Dec 2014 | 7:02 AM ET

    WASHINGTON— The Commerce Department reports on U.S. home construction in November. The report will be released at 8:30 a.m. EST Tuesday. The National Associated of Home Builders/ Wells Fargo builder sentiment index took a small dip in December but remains in positive territory.

  • Pact reached before trial over flawed Vegas hotel Tuesday, 16 Dec 2014 | 6:11 AM ET

    LAS VEGAS— A last-minute settlement avoided trial Tuesday in a massive civil breach-of-contract lawsuit involving casino giant MGM Resorts International and six of seven contractors on a never-opened Las Vegas Strip tower called the Harmon. Several jurors gasped when Clark County District Court Judge Elizabeth Gonzalez announced the parties reached...

  • Watchdog: 1-year delay possible at Ga. nuke plant Tuesday, 16 Dec 2014 | 2:05 AM ET

    An analyst working for Georgia's utility regulators has estimated a one-day delay would cost $2 million for Georgia Power, whose customers ultimately pay the utility's construction costs. Georgia Power never endorsed the $2 million- per-day estimate. "Benefits may be delayed, but they don't disappear with a schedule extension," Georgia Power spokesman Brian...

  • Final Glance: Homebuilders companies Monday, 15 Dec 2014 | 6:08 PM ET

    DR Horton fell$. 21 or. 9 percent, to $23.78. Hovnanian Enterprises Inc. fell$. 29 or 6.7 percent, to $4.02. Lennar Corp. fell$. 63 or 1.5 percent, to $41.68.

  • Final Glance: Construction companies Monday, 15 Dec 2014 | 6:08 PM ET

    NEW YORK— Shares of some top construction companies were down at the close of trading:. Fluor fell$. 21 or. 4 percent, to $56.67. Quanta Services Inc. fell$. 77 or 2.9 percent, to $25.85.

  • Midday Glance: Construction companies Monday, 15 Dec 2014 | 1:43 PM ET

    NEW YORK— Shares of some top construction companies are mixed at 1 p.m.:. Fluor rose$. 67 or 1.2 percent, to $57.55. Quanta Services Inc. fell$. 57 or 2.1 percent, to $26.06.

  • Midday Glance: Homebuilders companies Monday, 15 Dec 2014 | 1:43 PM ET

    DR Horton fell$. 11 or. 5 percent, to $23.88. Hovnanian Enterprises Inc. fell$. 21 or 4.9 percent, to $4.10. Lennar Corp. fell$. 36 or. 9 percent, to $41.95.

  • Early Glance: Construction companies Monday, 15 Dec 2014 | 12:00 PM ET

    NEW YORK— Shares of some top construction companies are mixed at 10 a.m.:. Fluor rose$. 14 or. 2 percent, to $57.02. Quanta Services Inc. fell$. 33 or 1.2 percent, to $26.29.

  • Early Glance: Homebuilders companies Monday, 15 Dec 2014 | 12:00 PM ET

    DR Horton rose$. 03 or. 1 percent, to $24.02. Hovnanian Enterprises Inc. fell$. 13 or 3.0 percent, to $4.18. Lennar Corp. rose$. 18 or. 4 percent, to $42.49.

  • US homebuilder sentiment slips in December Monday, 15 Dec 2014 | 10:01 AM ET

    U.S. homebuilders are feeling slightly less confident in their sales prospects heading into next year, even as their overall sales outlook remains favorable. The National Association of Home Builders/Wells Fargo builder sentiment index released Monday slipped this month to 57, down one point from 58 in November. The latest reading reflects a housing...