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Construction and Engineering

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  • Promoting construction safety Tuesday, 5 May 2015 | 1:47 PM ET
    Promoting construction safety

    Charles Bacon, Limbach Facility CEO, shares his passion for construction worker safety across the U.S.

  • May 1- The U.S. Nuclear Regulatory Commission said on Thursday it will issue a license soon to DTE Energy Co to build a new reactor at its Fermi nuclear power plant in Michigan. DTE proposed a 1,600- megawatt Economic Simplified Boiling Water Reactor built by General Electric Co and Hitachi Ltd. The license would be the first for an ESBWR reactor.

  • WASHINGTON, May 1- U.S. construction spending fell in March to a six-month low as outlays on private residential construction spending declined sharply, which could add to concerns about the economy's ability to rebound strongly from the first-quarter's soft patch. Construction spending slipped 0.6 percent to an annual rate of $966.6 billion, the lowest...

  • WASHINGTON, April 28- U.S. homeownership slipped to a 25- year low in the first quarter, but sustained strong gains in the pace at which Americans are setting up homes supported the view that the housing sector will boost economic growth this year. The seasonally adjusted home ownership rate dipped to 63.8 percent, the lowest since the fourth quarter of 1989, the...

  • *Cap Gemini to buy U.S.-based IGATE for $4 bln. *Cap Gemini shares up 7.5 pct, IGATE shares rise to offer price. PARIS, April 27- French IT services company Cap Gemini plans to buy U.S.-based rival IGATE Corp for $4 billion, in a deal that makes North America its biggest market and hands IGATE's founders a $1 billion windfall.

  • PARIS, April 27- Cap Gemini plans to buy United States- based IGATE Corp for $4 billion cash to make North America its biggest market and is raising its sales outlook for 2015 after a solid first-quarter, the French IT services company said on Monday. Cap Gemini, the market capitalisation of which was about 13 billion euros at the close of business on Friday, said it...

  • U.S. new home sales tumble after months of strong gains Thursday, 23 Apr 2015 | 10:00 AM ET

    WASHINGTON, April 23- New U.S. single-family home sales in March recorded their biggest drop in more than 1-1/ 2 years, snapping three straight months of hefty gains, in a temporary setback for the housing market. The Commerce Department said on Thursday sales declined 11.4 percent to a seasonally adjusted annual rate of 481,000 units. That was the biggest percent...

  • WASHINGTON, April 22- U.S. home resales surged to their highest level in 18 months in March as more homes came on the market, a sign of strength in housing ahead of the spring selling season. The fairly upbeat report from the National Association of Realtors on Wednesday implied the economy was regaining some momentum after hitting a speed bump at the start of the...

  • April 22- D.R. Horton Inc, the largest U.S. homebuilder, reported its slowest growth in average selling prices in over three years and the company forecast a drop in gross margins for the current quarter as it sells more lower-priced homes. D.R. Horton said sales in its lower-margin' Express' homes business, which caters mainly to first-time home buyers, are expected...

  • April 22- D.R. Horton Inc, the largest U.S. homebuilder, reported a 30 percent jump in orders as the spring selling season got off to a strong start. "The spring selling season at D.R. Horton is off to a strong start... The company's net income rose to $147.9 million, or 40 cents per share, in the quarter ended March 31, from $131 million, or 38 cents per share, a year earlier.

  • April 22- D.R. Horton Inc, the largest U.S. homebuilder, reported a 38 percent rise in quarterly revenue and a 30 percent jump in orders as the spring selling season got off to a strong start. Homebuilding revenue rose to $2.32 billion from $1.68 billion as homes sold rose 33 percent to 8,243.. The company's net income rose to $147.9 million, or 40 cents per share, in the...

  • LONDON, April 21- As Britain heads to national elections in May, high prices have reshaped the housing market, doubling the proportion of people who rent privately and dissuading many young people from saving for a home. Prime Minister David Cameron's Conservative Party plans to expand a "Right to Buy" programme, first introduced by Margaret Thatcher in 1980, to...

  • Mexico is desperate to get the relationship back on track after its shock scrapping of a multi-billion-dollar high-speed train contract originally awarded to a Chinese-led consortium earlier this year, a move that angered Beijing. Seeking to wean itself off dependence on the United States and compensate for an oil slump that hammered public finances,...

  • ITABORAÍ, Brazil, April 20- For the 20 men hanging on at the Pousada do Trabalhador, a 600- bed boarding house on the dusty outskirts of this boom town northeast of Rio de Janeiro, the dream that Brazil's oil wealth would bring a better life was over. The men are the latest victims of Brazil's biggest-ever corruption scandal, a multi-billion dollar graft scheme...

  • *Mining sector shed nearly a fifth of workers in year. SYDNEY, April 20- As Australia's cooling mining sector lays off workers, an army of white-collar professionals is more than filling the employment gap, courtesy of a housing sector stoked by record low interest rates. "The home-building boom is serving to lift a raft of boats," said Craig James, chief economist at...

  • *Continuing claims lowest since December 2000. WASHINGTON, April 16- U.S. housing starts rose far less than expected in March and permits recorded their biggest drop since last May, which could raise concerns about the economy's ability to bounce back from a soft patch hit in the first quarter. Groundbreaking increased 2.0 percent to a seasonally adjusted...

  • US TREASURY YIELDS DECLINE AFTER HOUSING STARTS, JOBLESS CLAIMS DATA, 10- YEAR NOTE YIELDS FALL TO 1.87 PERCENT.

  • WASHINGTON, April 16- U.S. housing starts rose far less than expected in March and permits recorded their biggest drop since last May, which could raise concerns about the economy's ability to bounce back from a soft patch hit in the first quarter. Groundbreaking increased 2.0 percent to a seasonally adjusted annual pace of 926,000 units, the Commerce...

  • WARSAW, April 14- Plans to build Poland's first nuclear power plant will be delayed by at least another two years, sources said, after the decision late last year by state-run utility PGE to take on site research itself and cancel a consultancy contract. Now PGE's move last December to scrap a 250 million zloty contract with Australia's WorleyParsons, on the...

  • Tearing down Ferguson to build it back up Friday, 10 Apr 2015 | 4:40 PM ET
    Tearing down Ferguson to build it back up

    How Ferguson, Missouri is working to rebuild small businesses, with CNBC's Kate Rogers.