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Construction and Engineering

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  • SHANGHAI, June 1- China National Nuclear Power Co Ltd, a unit of one of the country's two state nuclear reactor builders, on Monday said it aims to raise 13.19 billion yuan in potentially the largest China IPO in almost four years. The company intends to issue 3.891 billion shares at 3.39 yuan a piece, and will start taking subscriptions from investors on Tuesday,...

  • BRASILIA, May 30- Three workers died and three were injured in an accident at the construction site of the massive hydroelectric dam Belo Monte in northern Brazil, the builder said on Saturday. The likes of Hollywood director James Cameron and the Inter-American Court on Human Rights have said Belo Monte would displace indigenous people in the Amazon.

  • STOCKHOLM, May 29- Swedish builder Skanska said on Friday its LaGuardia Gateway Partners consortium had been selected as preferred bidder in a $3.6 billion project to build a new terminal at New York's LaGuardia Airport. Skanska said its share of the equity investment would be up to 40 percent, while its share of the construction contract is 70 percent.

  • May 27- Toll Brothers Inc, the largest U.S. luxury homebuilder, reported a better-than-expected quarterly profit, helped by a lower tax provision. The market consists of Arizona, California, Colorado, Nevada and Washington. The company's shares fell as much as 3.7 percent to $35.63 on the New York Stock Exchange on Wednesday.

  • SAO PAULO, May 27- Brazil is considering an expanded role for private companies in nuclear power generation, as it looks to meet rising electricity demand and provide backup for a hydro system pushed to its limits, Energy Minister Eduardo Braga said on Wednesday. Braga, who calls nuclear power "a necessity but not a priority," wants up to four new reactors to provide...

  • UPDATE 1-Homebuilder Toll Brothers profit beats estimates Wednesday, 27 May 2015 | 6:46 AM ET

    May 27- Toll Brothers Inc, the largest U.S. luxury homebuilder, reported a better-than-expected quarterly profit and raised the low end of its average selling price forecast for the full year as demand strengthens. The company raised the low end of its average selling price range to $730,000 from $725,000. Net income rose to $67.9 million, or 37 cents per share,...

  • U.S. new home sales, prices rise strongly in April Tuesday, 26 May 2015 | 10:00 AM ET

    WASHINGTON, May 26- New U.S. single-family home sales rose more than expected in April and the median price surged, suggesting the housing market recovery was gaining traction. The Commerce Department said on Tuesday sales increased 6.8 percent to a seasonally adjusted annual rate of 517,000 units. March's sales pace was revised up to 484,000 units from the...

  • LONDON, May 22- A shortage of prime office space in rival European financial centres may torpedo plans by some of London's banks to quit the UK capital if Britain opts out of European Union membership. Deutsche Bank, the euro zone's second largest bank by assets, confirmed this week it was considering cutting its UK operations if the country pulled out, and other...

  • China approves China National Nuclear Power Corp IPO Friday, 22 May 2015 | 7:44 AM ET

    BEIJING, May 22- China approved the initial public offering of China National Nuclear Power Corp, one of the country's two state nuclear reactor builders, the securities regulator said in a statement on its official Weibo feed. According to the company's prospectus, which was filed on May 4 last year, CNNPC is a unit of state-owned nuclear developer CNNC Group, and...

  • NEW YORK, May 19- Encouraging housing starts data and a bulge of corporate bond supply knocked U.S. "This morning's market action was driven by a pretty good housing starts number," said Stanley Sun, interest rate strategist at Nomura Securities International in New York. Investment-grade companies raised $18 billion in the debt market on Monday with more on the...

  • U.S. housing starts, permits surge in April Tuesday, 19 May 2015 | 8:30 AM ET

    WASHINGTON, May 19- U.S. housing starts jumped to their highest level in nearly 7-1/ 2 years in April and permits soared, offering a glimmer of hope for an economy that is struggling to regain strong momentum after a dismal first quarter. Groundbreaking surged 20.2 percent to a seasonally adjusted annual pace of 1.14 million units, the highest since November 2007,...

  • JAKARTA, May 19- For Indonesia's second-largest state construction firm PT Wijaya Karya Tbk, the half-year since President Joko "Jokowi" Widodo took office with promises of a massive infrastructure push has been as much about waiting as it has been about building. Shares of Wijaya Karya, PT Waskita Karya Tbk, PT Adhi Karya Tbk and PT Pembangunan Perumahan Tbk now...

  • *Altera rallies on Intel M&A report. U.S. homebuilder sentiment fell in May although most builders view market conditions as favorable, the National Association of Home Builders said on Monday. "It's becoming more of the collective thought that the Fed can wait, because you really don't see any blistering growth," said Kurt Brunner, a portfolio manager at...

  • US STOCKS-Wall St down as homebuilder confidence slips Monday, 18 May 2015 | 10:59 AM ET

    *Altera up on report of possible deal with Intel. *Ann rises after Ascena Retail takeover offer. "Right now with the way things are going, especially with the yield curve getting steeper, it's going to be less and less likely the Fed will raise rates in September," John Burke, CEO of Burke Financial Strategies in New York.

  • *Altera up on report of possible deal with Intel. *Ann rises after Ascena Retail takeover offer. If the index does not rise, as expected, stocks could rally, said Adam Sarhan, chief executive of Sarhan Capital in New York.

  • May 18- U.S. stocks opened slightly lower on Monday as the market awaited homebuilder sentiment data that could feed into the Federal Reserve's assessment on how soon to raise rates. The National Association of Homebuilders' monthly confidence index, due at 10 a.m. ET, is expected to show a slight rise. The Dow Jones industrial average fell 1.97 points, or 0.01...

  • *Altera, Ann rises on possible deals. The market will get another clue on the state of the economy at 10 a.m. ET when the National Association of Homebuilders releases its monthly homebuilder confidence index. If the index does not rise, as expected, stocks could rally, said Adam Sarhan, chief executive of Sarhan Capital in New York.

  • LONDON, May 18- Top executives at one of the world's largest makers of construction machinery have said Britain could be better off outside the European Union, a contrast with the view of many businesses which favour remaining in the bloc. We could exist on our own, peacefully and sensibly, " Anthony Bamford, head of the family-owned JCB group and a major donor to...

  • BRASILIA, May 15- Brazilian prosecutors said on Friday they have obtained court orders for the seizure of 980 million reais in assets of construction firms under investigation in a massive corruption scandal at state-run oil company Petrobras. A federal court ordered the seizure of 282 million reais in assets from one of Brazil's largest construction and...

  • NEW YORK, May 14- Even as the rise of online retailers such as Amazon.com Inc leads analysts to predict the eventual death of the American shopping mall, real estate fund managers are betting some will prosper- if they can lure the right kind of consumer. Simon Property Group Inc, the largest high-end mall operator in the country with properties including Palo Alto,...