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Capital Goods Construction and Engineering

  • PROVIDENCE, R.I.— The U.S. Navy awarded a $5 billion contract to General Dynamics' Electric Boat Thursday to finish designing a new class of ballistic-missile submarines so construction can start. The Navy called the program its top priority because ballistic-missile submarines help deter nuclear war. The first of the 12 submarines is expected to be delivered...

  • In a notice posted on its website, SCANA said that officials were complying with the demand from the U.S. Attorney's Office in South Carolina that the company and its subsidiaries produce documents related to the V.C. In an email to The Associated Press, Santee Cooper spokeswoman Nicole Aiello confirmed that the state-owned utility had received the same...

  • *Hurricane Harvey depresses sales in Houston. WASHINGTON, Sept 20- U.S. home resales fell to their lowest in a year in August as Hurricane Harvey depressed activity in Houston and a persistent shortage of properties on the market sidelined buyers. "One of the risks out there for the broader economy is that this house of cards comes tumbling down," said Chris Rupkey,...

  • BISMARCK, N.D.— North Dakota regulators on Wednesday approved an agreement settling allegations that the Texas- based builder of the Dakota Access pipeline violated state rules during construction. The agreement worked out by attorneys for the Public Service Commission and Energy Transfer Partners calls for development of a "how-to" manual and the planting...

  • *Hurricane Harvey depresses sales in Houston. WASHINGTON, Sept 20- U.S. home resales fell to their lowest in a year in August as Hurricane Harvey depressed activity in Houston and a perennial shortage of properties on the market sidelined buyers. "One of the risks out there for the broader economy is that this house of cards comes tumbling down," said Chris Rupkey,...

  • But a surge in domestic natural gas production, billions of dollars in cost overruns on new projects, Japan's Fukushima accident in 2011, and multiple plant closures have the industry on its heels again. The U.S. Department of Energy expects nuclear's percentage of the power mix to drop to 11 percent by 2050 from the current 20 percent, and many reactors to close.

  • DETROIT, Sept 19- Bosch, the German auto components supplier, is partnering with startup Nikola Motor Co to bring two hydrogen-electric, long-haul, heavy-duty truck models to market by 2021, the companies said on Tuesday. Manufacturers such as Daimler and Navistar International Corp, as well as electric car maker Tesla Inc and a host of other new entrants, are...

  • WASHINGTON, Sept 19- U.S. homebuilding fell for a second straight month in August as a rebound in the construction of single-family houses was offset by persistent weakness in the volatile multifamily home segment. The report from the Commerce Department on Tuesday also showed building permits racing to a seven-month high in August. Housing starts slipped...

  • WASHINGTON— Homebuilders slowed their pace of construction by 0.8 percent in August, the second straight monthly decline. A steep drop in multifamily construction more than offset a slight gain in single-family-home building. Housing starts slipped last month to a seasonally adjusted annual rate of 1.18 million, the Commerce Department said Tuesday.

  • WASHINGTON, Sept 19- U.S. homebuilding fell for a second straight month in August as a rebound in the construction of single-family houses was offset by persistent weakness in the volatile multifamily home segment. Housing starts slipped 0.8 percent to a seasonally adjusted annual rate of 1.18 million units, the Commerce Department said on Tuesday.

  • PARIS, Sept 19- EDF's head of new nuclear, Xavier Ursat, said the company is in talks with several countries about selling nuclear power plants, including China, India, South Africa and Saudi Arabia. "India is one of the countries most suited to build new nuclear," Ursat said, adding that the country's strong industrial and academic environment underpinned new...

  • U.S. homebuilders are feeling less optimistic about their sales prospects, reflecting concerns that rebuilding efforts following hurricanes Harvey and Irma will drive up costs for construction labor and materials. Even so, builders' overall view of the new-home market remains positive. The National Association of Home Builders/Wells Fargo builder...

  • VIENNA, Sept 18- Saudi Arabia said on Monday it was still undertaking feasibility studies before deciding how and where to build its first nuclear power stations. Industry sources said last week that Saudi Arabia was expected to launch a tendering process for its first nuclear reactors as early as next month and would contact potential vendors from a number of...

  • Santee Cooper CEO Lonnie Carter questioned whether it makes sense to sell parts off for a portion of what they're worth, to reduce debt now, only to have to buy them at full cost later. The state-owned utility and private South Carolina Electric& Gas abandoned construction of two new reactors at V.C. Summer Nuclear Station on July 31 after jointly spending nearly...

  • NEW YORK, Sept 18- Contractors for U.S. commercial construction are optimistic about the industry's health in the next 12 months though finding skilled labor still poses challenges, according to a third-quarter survey released on Monday. Ninety-five percent of 206 respondents expect revenue to grow or remain stable over the next 12 months, the survey by USG...

  • MADRID, Sept 18- Spanish builder OHL, 51 percent owned by the Villar Mir family, said on Monday it had been in contact with China State Construction Engineering over potentially selling a stake, though no offer or decision had been made. Credit Agricole, Santander, HSBC and Deutsche Bank have warned Grupo Villar Mir that the company has short-term debt obligations...

  • MADRID, Sept 18- The Villar Mir family, which holds a 51 percent stake in Spanish builder OHL, is in advanced talks to sell the company to China State Construction Engineering, online newspaper El Confidencial said on Monday. Credit Agricole, Santander, HSBC and Deutsche Bank have warned Grupo Villar Mir that the company has short-term debt obligations worth some...

  • A look at some of the key business events and economic indicators upcoming this week:. The Commerce Department is expected to report on Tuesday that builders broke ground on new apartments and single-family homes at a faster pace in August than in the previous month. Wall Street predicts that CarMax's latest quarterly results improved from a year ago.

  • BEIJING, Sept 17- Sales of commercial property in Beijing by surface area fell 44.8 percent in the first eight months of the year to to 5.3 million square meters versus the same period last year, the city's statistics bureau said on Friday. **That included a 39 percent decline in residential property sales to 3.45 million square meters, while office building sales...

  • LONDON, Sept 15- South Africa could restart a procurement process for its nuclear expansion project as soon as next month but the government still has to determine the exact timing, the chairman of South Africa's state nuclear agency Necsa said on Friday. South Africa is planning to build several new nuclear reactors with a combined capacity of 9,600 megawatts,...