Business Industrials

  • DENVER, Sept 6- The drumbeat of hammers echoes most mornings through suburban Denver, where Jay Small, the owner of company that frames houses, is building about 1,300 new homes this year. Eight years after the housing bust drove an estimated 30 percent of construction workers into new fields, homebuilders across the country are struggling to find workers at all...

  • DENVER, Sept 6- The drumbeat of hammers echoes most mornings through suburban Denver, where Jay Small, the owner of company that frames houses, is building about 1,300 new homes this year. Eight years after the housing bust drove an estimated 30 percent of construction workers into new fields, homebuilders across the country are struggling to find workers at all...

  • *Hanjin Group says plans to raise 100 bln won. SEOUL, Sept 6- Hanjin Shipping Co's parent firm plans to raise 100 billion won to fund the unloading of billions of dollars worth of cargo aboard vessels stranded around the world in the wake of its court receivership filing last week. Those funds may be matched by a separate 100 billion won in loans that South Korean...

  • Sept 6- Demand for global air freight rose 5 percent in July, at the fastest rate in almost 18 months, the International Air Transport Association said on Tuesday. The positive result, driven by strong growth in Europe and the Middle East, was despite subdued global trade, IATA said. Available capacity rose 5.2 percent in the month, and load factors fell by 0.1...

  • DENVER, Sept 6- The drumbeat of hammers echoes most mornings through suburban Denver, where Jay Small, the owner of company that frames houses, is building about 1,300 new homes this year. Eight years after the housing bust drove an estimated 30 percent of construction workers into new fields, homebuilders across the country are struggling to find workers at all...

  • BRASILIA, Sept 5- Brazil on Monday banned IESA Oil& Gas from government work for paying bribes, the third construction and engineering company barred in the massive graft and political kickbacks scandal involving contracts with state oil company Petrobras. The Ministry of Transparency, Brazil's primary anti-corruption agency, said IESA would not be able to...

  • BUENOS AIRES, Sept 5- Argentine state-run carrier Aerolíneas Argentinas canceled two flights to Caracas between Sept. 10 and 12 due to security concerns, a spokeswoman said on Monday. The announcement followed one of the biggest anti-government protests last week against socialist rule in Venezuela in more than a decade. "Because of calls for new...

  • SEOUL/ SINGAPORE, Sept 5- South Korea's Hanjin Shipping plans to take legal action in jurisdictions worldwide to prevent its vessels being seized, as more of its ships were blocked from docking at ports in the wake of its collapse. As of Monday, 79 Hanjin ships including 61 container ships and 18 bulk carriers have been denied port access, according to South Korea's...

  • SEOUL, Sept 5- South Korea's Hanjin Shipping plans to take legal action in jurisdictions worldwide to prevent its vessels being seized, as more of its ships were blocked from docking at ports in the wake of its collapse. As of Monday, 79 Hanjin ships including 61 container ships and 18 bulk carriers have been denied port access, according to South Korea's maritime...

  • JOHANNESBURG, Sept 2- South Africa's government has reappointed Dudu Myeni, an ally of President Jacob Zuma, as the chairwoman of South African Airways for one year, the loss-making state-owned airline said on Friday. The new team will meet Minister of Finance Pravin Gordhan who will provide direction from a shareholder perspective, it said in a statement.

  • Sept 2- Delta Air Lines Inc said its revenue for August was reduced by about $100 million due to an outage that led to the cancellation of 2,300 flights over three days. Passenger revenue per available seat mile, a key measure of an airline's performance that measures sales against flight capacity, declined 9.5 percent in August from a year earlier, its biggest...

  • Sept 2- Delta Air Lines Inc said its revenue for August was reduced by about $100 million due to an outage that led to cancellations of 2,300 flights over three days. Passenger revenue per available seat mile, a key measure of an airline's performance that measures sales against flight capacity, declined 9.5 percent in August from a year earlier.

  • LONDON, Sept 2- UK housebuilder Berkeley Group Holdings Plc has halted construction at a 20 million-pound luxury housing project in London, it said on Friday. Berkeley Group declined to say why it stopped construction last month at the Barnes Village scheme in southwest London, where homes were expected to sell for up to 5 million pounds, local residents said.

  • JOHANNESBURG, Sept 2- South Africa's government has reappointed Dudu Myeni as the chairwoman of South African Airways, the loss-making state-owned airline, it said on Friday. The cabinet said Myeni, an ally of President Jacob Zuma, was appointed alongside 11 other board members to the board of SAA. On Thursday a Finance Ministry source said officials in the...

  • *UK construction PMI tops all forecasts. *PMI adds to signs UK economy holding up after Brexit vote shock. LONDON, Sept 2- Britain's construction industry largely recovered in August from a downturn that started just before June's vote to leave the European Union, according to a survey on Friday that added to signs the economy is stabilizing.

  • *Hanjin shares to resume trading on Sept. 5. SEOUL/ SINGAPORE, Sept 2- Roughly half of Hanjin Shipping Co Ltd's container vessels have been blocked from ports since the South Korean firm's collapse, putting manufacturers and their customers increasingly on edge about the fate of cargo and spikes in freight costs. One vessel has also been seized by a creditor in...

  • WASHINGTON, Sept 1- U.S. construction spending was unexpectedly flat in July as gains in the private sector were offset by steep declines in government outlays, but upward revisions to the prior two months suggested a lift to the second-quarter economic growth estimate. The Commerce Department said on Thursday that the unchanged reading for construction...

  • WASHINGTON, Sept 1- U.S. construction spending was unexpectedly flat in July as gains in the private sector were offset by steep declines in government outlays, but upward revisions to the prior two months suggested a lift to the second-quarter economic growth estimate. The Commerce Department said on Thursday that the unchanged reading for construction...

  • *About 10 Hanjin vessels effectively seized at China ports. SEOUL, Sept 1- Hanjin Shipping Co Ltd vessels have been seized at Chinese ports in the wake of the South Korean firm's collapse, further roiling the industry as freight rates jump and manufacturers scramble for alternatives. "Unlike dry cargo, liner shipping is all about marketing and service...

  • U.K. manufacturing staged one of its sharpest rebounds on record in August as factories recovered from shock after the vote to leave the EU.