SHANGHAI, July 18- A Chinese construction company at risk of declaring a landmark bond default on nearly $65 million is getting local political support to hold off creditors and get cash, state media reported on Friday, citing sources at the struggling firm.» Read More
*Board to meet on June 18 to discuss projects. DUBAI, June 15- Dubai's main bourse amended ownership data for Dubai construction firm Arabtec on Sunday after initial figures displayed on its website fuelled a 10 percent plunge in the stock, one of the most market's most heavily traded.
LONDON, June 13- Shares in Britain's housebuilders and property developers fell on Friday after the government and the Bank of England signalled they were ready to intervene to cool the country's surging house market.
LONDON, June 13- Shares in Britain's house builders, including Barratt Developments and Persimmon slipped on Friday after finance minister George Osborne said he would give the Bank of England stronger powers to curb mortgage lending.
MEXICO CITY, June 12- Seven employees of ICA-Fluor, a joint venture between Mexican construction company ICA and U.S. engineering firm Fluor Corp, died on Wednesday during construction of an oil rig for state oil company Pemex in Veracruz, a local official said on Thursday.
TORONTO, June 9- Canadian housing starts picked up more than expected in May and April was revised higher, suggesting housing will contribute to economic growth in the second quarter after a harsh winter put the brakes on construction, data released on Monday showed.
MOSCOW, June 2- Russia's state nuclear firm Rosatom aims to grow its global order book to $100 billion this year, up 25 percent year-on-year, by securing new projects in Hungary, Kazakhstan, India and Iran, CEO Sergei Kiriyenko said on Monday. Rosatom has won a contract to build a new plant in Hungary and has agreed to build reactors in India and Kazakhstan this year.
WASHINGTON, June 2- U.S. manufacturing activity slowed last month and construction spending rose less than expected in April, which could temper hopes of a sharp pick-up in economic growth this quarter.
WASHINGTON, June 2- U.S. construction spending rose to its highest level in five years in April, but the increase was less than expected, suggesting a mild pick-up after residential and nonresidential construction contracted in the first quarter.
NEW DELHI, May 30- India's economic growth picked up marginally from a decade low in the fiscal year ended March, but pro-business Narendra Modi's thumping victory in the recent general election has stoked optimism of an investment-led turnaround in the coming quarters.
PARIS, May 28- Strangled by regulation and high prices, weak French housing investment is proving a major drag on the euro zone's second-biggest economy as it struggles to stage a convincing recovery.
May 28- Toll Brothers Inc, the largest U.S. luxury homebuilder, said quarterly profit more than doubled as it sold more homes at higher prices. Toll Brothers said its average selling price rose about 22 percent to $706,000 in the second quarter ended April 30.
May 28- Toll Brothers Inc, the largest U.S. luxury homebuilder, said quarterly profit more than doubled as it sold more homes at higher prices. The company's net income rose to $65.2 million, or 35 cents per share, in the second quarter from $24.7 million, or 14 cents per share, a year earlier.
*GE has extended its bid, Siemens seen readying rival offer. PARIS, May 27- General Electric boss Jeff Immelt faces a public French parliamentary grilling in person on Tuesday over his high-stakes plan to buy the power arm of engineering group Alstom, replacing a subordinate at the last minute.
*Hewlett-Packard shares soar after announcing job cuts. NEW YORK, May 23- The S&P 500 closed at a record high on Friday, buoyed by a rally in housing stocks after better-than-expected home sales and a jump in Hewlett-Packard shares a day after the personal computer maker said it would cut more jobs.
NEW YORK, May 23- The S&P 500 closed at a record on Friday, boosted by a better-than-expected reading on the housing market, which gave a lift to homebuilding stocks. Hewlett-Packard's stock, which was the S&P 500' s best performer, rallied a day after the personal computer maker reported results and said it may cut up to 16,000 jobs.
NEW YORK, May 23- The S&P 500 was on track for a record closing high on Friday, boosted by a better-than-expected reading on the housing market, which gave a lift to homebuilding stocks. Shares of Lennar Corp, the second-largest U.S. homebuilder in terms of revenue, shot up 3.4 percent to $40.33.
WASHINGTON, May 23- Sales of new U.S. single-family homes rose in April and the stock of houses on the market hit a 3-1/ 2 year high, but economists said the market was still not clearly gaining steam.
NEW YORK, May 23- U.S. stocks rose modestly on Friday, after a better-than-expected reading on the housing market, as the S&P held just below its record intraday high. The S&P is 0.2 percent from its record intraday high of 1,902.17 set on May 13 and is above its record closing high of 1,897.45 set on the same day.
WASHINGTON, May 23- Sales of new U.S. single-family homes rose more than expected in April and the stock of houses on the market hit a 3-1/ 2 year-high, further signs the sputtering housing recovery was poised to regain steam.
*Aeropostale stumbles before the bell after outlook. NEW YORK, May 23- U.S. stocks were poised to open flat on Friday, ahead of data on the housing market, with the S&P 500 on track to notch its first weekly gain in the past three. New home sales data for April is due at 10:00 a.m..