Capital Goods Construction and Engineering

  • *Housing starts increase 1.5 percent in October. WASHINGTON, Nov 20- U.S. homebuilding rose in October amid a rebound in multi-family housing projects, but construction of single-family homes fell for a second straight month, suggesting the housing market remained mired in weakness as mortgage rates march higher. Other details of the report published by the...

  • SINGAPORE, Nov 20- The dollar hit a near two-week low against its peers on Tuesday with sentiment soured by Federal Reserve caution on the global outlook and weak data at home, pointing to slower rate hikes. Last week, Fed Vice Chair Richard Clarida and Dallas Fed President Robert Kaplan raised concerns over a potential global slowdown that has seen markets...

  • Nov 19- Kroger Co has chosen its hometown of Cincinnati for the first of 20 high-tech warehouses it plans to build with UK- based Ocado Group Plc in a bid to dominate the U.S. grocery delivery business. Kroger, the largest U.S. supermarket operator, is battling Walmart Inc and Amazon.com Inc in the small, but fast-growing online segment that accounts for anywhere...

  • Nov 19- Kroger Co has chosen its hometown of Cincinnati for the first of 20 high-tech warehouses it plans to build with online grocer Ocado Group Plc in a bid to dominate the U.S. grocery delivery business. Kroger, the largest U.S. supermarket operator, is battling Walmart Inc and Amazon.com Inc in the small, but fast-growing online segment that accounts for...

  • Nov 19- U.S. home builder sentiment recorded its steepest one-month drop in over 4-1/ 2 years in November as rising mortgage rates and tight home inventory squeezed the real estate sector, the National Association of Home Builders said on Monday. The NAHB and Wells Fargo housing market index fell to 60 points in November, which was the lowest level since the 59...

  • BEIJING, Nov 19- China's state planner on Monday approved a 42.1 billion yuan airport expansion project in Urumqi, capital of the far western region of Xinjiang, a key hub in China's Belt and Road initiative. The investment value is over half of what China is spending on Beijing's new mega-airport project- Daxing International Airport- that costs 80 billion yuan...

  • BEIJING, Nov 19- China's state planner on Monday approved a 42.1 billion yuan airport expansion project in Urumqi, capital of the western region of Xinjiang, a key hub in China's Belt and Road initiative. The investment value is over half of what China is spending on Beijing's new mega-airport project- Daxing International Airport- that costs 80 billion yuan and...

  • BEIJING, Nov 14- Growth in China's real estate investment in October cooled to a 10- month low and home sales fell again, as developers held back expansion plans in the face of broadly softening economic conditions. Property investment, which mainly focuses on residential but also includes commercial and office space, grew 7.7 percent in October from a year...

  • GUNDLACH SAYS THERE ARE BEAR MARKETS IN HOMEBUILDERS, AUTOS AND BANKS.

  • CORRECTED- UK SEPT CONSTRUCTION OUTPUT +1.7 PCT MM; +3.0 PCT YY.

  • SAO PAULO, Nov 8- Latin America's largest homebuilder, MRV Engenharia e Participacoes SA, is partnering with the Brazilian unit of French automaker Renault SA to offer electric car sharing in its buildings. Co-Chief Executive Officer Rafael Menin said in a Thursday statement that the pilot program was part of the Brazilian homebuilder's energy efficiency...

  • Nov 8- Construction industry leaders in British Columbia are urging the Canadian government to ease new limits on steel imports that they fear will have a disproportionate impact on the western province, according to a letter seen by Reuters. It was signed by the presidents of the Independent Contractors and Businesses Association of BC, the Vancouver...

  • LONDON, Nov 8- European shares were flat to slightly higher on Thursday as a rally following U.S. midterm elections sputtered while strong results from Societe Generale, Commerzbank, and Sodexo soothed concerns about corporate earnings. The leading index of euro zone stocks closed down 0.3 percent, however, with Germany's DAX down 0.5 percent and France's CAC...

  • *Home sales gross margins midpoint below estimates. Horton Chief Operating Officer Michael Murray said on a conference call with analysts. The company said it was seeing a rise in incentive spending for homes priced $300,000 and above.

  • Nov 8- Top U.S. homebuilder D.R. Horton forecast first-quarter deliveries below analysts' estimates on Thursday, as rising interest rates push buyers to delay purchases of expensive homes. The company's shares fell 4.5 percent to $35.91 in premarket trading.

  • LONDON, Nov 8- Japan's Toshiba Corp said on Thursday it would scrap a British nuclear plant project after failing to find an investment partner, but South Korea indicated it was still interested in building a reactor at the site. The Moorside project in northwest England was expected to provide around 7 percent of Britain's electricity, but faced setbacks after...

  • NEW YORK, Nov 7- It was the lunch-hour rush at the Court Square Diner in New York's Long Island City on Wednesday, and co-owner Nick Kanellos pointed to the elevated subway tracks that rattle overhead as he fretted over the news that Amazon may build a major outpost in the neighborhood. Like many long-time inhabitants, he worries how this once-sleepy enclave in...

  • A worker rotates a gas turbine during assembly at the Siemens gas turbine factory on January 8, 2010 in Berlin, Germany.

    German engineering group Siemens has posted a 46 percent fall in net profits in the fourth quarter, the company reported Thursday.

  • *Half-year profit up 17 pct to $160.8 mln. SYDNEY, Nov 8- The world's biggest fibre cement maker, James Hardie Industries PLC, cut its earnings guidance on Thursday and said the future of a U.S. home building boom propelling its profit was uncertain, sending its shares tumbling to a more than two-year low. Buoyant building, especially of houses, in the United States has...

  • NEW YORK, Nov 7- It was the lunch-hour rush at the Court Square Diner in New York's Long Island City on Wednesday, and co-owner Nick Kanellos pointed to the elevated subway tracks that rattle overhead as he fretted over the news that Amazon may build a major outpost in the neighborhood. Like many long-time inhabitants, he worries how this once-sleepy enclave in...