Construction and Engineering


  • *KB Homes, other homebuilders shares rise. March 19- KB Home, the No. 5 U.S. homebuilder, reported a first-quarter profit for the first time since 2007 as it sold homes at higher prices in California, its largest market, and indicated towards a strong spring selling season.

  • March 19- KB Home, the fifth-largest U.S. homebuilder, reported a better-than-expected quarterly profit as a shortage of ready land to build on helped it increase selling prices, sending its shares up as much as 10 percent in morning trade.

  • March 19- KB Home, the fifth-largest U.S. homebuilder, reported a quarterly profit compared with a year-earlier loss as it closed deals at higher prices, sending its shares up 7.5 percent in premarket trading.

  • KB Home posts profit, higher orders Wednesday, 19 Mar 2014 | 8:46 AM ET

    March 19- KB Home, the fifth-largest U.S. homebuilder, reported a quarterly profit compared with a year-earlier loss and said new home orders rose. Net income was $10.6 million, or 12 cents per share, in the first quarter ended Feb. 28 compared with a loss of $12.5 million, or 16 cents per share, a year earlier. New home orders rose 6 percent to 1,765 units.

  • *Housing starts fall 0.2 percent in February. WASHINGTON, March 18- U.S. consumer inflation was muted in February and housing starts fell for a third straight month in February, but the weak data probably will not dissuade the Federal Reserve from dialing back its monetary stimulus.

  • MADRID, March 14- A construction industry consortium led by Spain's Sacyr said in a statement on Friday it had signed a deal late on Thursday to complete work on the multi-billion dollar project to widen the Panama Canal, settling a long-running dispute over cost overruns.

  • LIMA, March 12- Peru is talking with Brazilian construction giant OAS about resuming construction on a $4 billion hydroelectric plant that has been stalled since 2011 because of local opposition, an official said on Wednesday. An OAS representative in Peru said by telephone that the company did not have any comment.

  • MALABO, March 10- On land cleared of tropical forest, gleaming new office towers, apartment blocks, homes and highways dazzle the eye in Equatorial Guinea, Sub-Saharan Africa's No. 3 energy producer where oil and gas revenues have fed a frenzy of construction.

  • *Hochtief seeks more directors, business structure review. SYDNEY, March 10- German builder Hochtief AG plans to spend over $1 billion to lift its majority stake in Australia's Leighton Holdings Ltd, seeking to push through restructuring at a business that already delivers most of Hochtief's profit.

  • NEW YORK/ MEXICO CITY, March 7- The company at the center of an alleged fraud that forced Citigroup Inc to cut its 2013 profit won billions of dollars in contracts from Mexico's state oil monopoly over the past decade, even after Mexican officials and private lawsuits raised red flags about the contractor's activities.

  • CNBC's Jane Wells speaks with Deere CEO Sam Allen about economics of agricultural supply and demand.

  • WASHINGTON, March 3- U.S. construction spending unexpectedly rose in January as an increase in private construction projects offset a drop in public outlays in a hopeful sign for growth this quarter. Construction spending gained 0.1 percent to an annual rate of $943.1 billion, the Commerce Department said on Monday.

  • BEIJING, Feb 28- China's environment ministry has given the initial go-ahead for the construction of two new AP1000 nuclear reactors designed by U.S.-based Westinghouse in the eastern coastal province of Shandong, it said late on Thursday.

  • *Hochtief cancels 10 pct of treasury shares. *Hochtief sees 2014 adj net profit of 225- 250 mln euros. ESSEN, Germany, Feb 27- Spain' ACS is set to gain more control at Hochtief after the German builder announced plans to cancel some shares, and analysts expect ACS to increase its stake again in the future as it seeks to become a global player.

  • DERBY, England, Feb 26- British engineering company Rolls-Royce has outlined plans designed to maintain long-term dominance in large aircraft engines, showcasing two new models that could improve efficiency by up to 10 percent.

  • WASHINGTON, Feb 26- Sales of new U.S. single-family homes surged to a 5-1/ 2- year high in January, but the bounce was likely to be short-lived amid signs of a broader weakness in the housing market.

  • NEW YORK, Feb 26- U.S. The U.S. government bond market enjoyed a brief safe-haven rally after Russian President Vladimir Putin put combat troops on high alert for war games near Ukraine, following the toppling of its ally Viktor Yanukovich as president, traders said.

  • BOSTON, Feb 26- Cape Wind said on Wednesday it has secured $600 million in financing for its proposed $2.5 billion wind power farm off the Massachusetts coast, and expects to have the rest locked up by the end of the third quarter.


  • U.S. new home sales hit 5-1/2 year high in January Wednesday, 26 Feb 2014 | 10:01 AM ET

    WASHINGTON, Feb 26- Sales of new U.S. single-family homes surged to a 5-1/ 2- year high in January, which could ease concerns of a sharp slowdown in the housing market. The Commerce Department said on Wednesday that sales jumped 9.6 percent to a seasonally adjusted annual rate of 468,000 units, the highest level since July 2008.

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