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Capital Goods Construction and Engineering

  • Britain is seeking new ways to fund nuclear projects after criticism over a deal awarded to France's EDF to build the first nuclear plant in Britain for 20 years, which could cost consumers 30 billion pounds. A spokesman for the Department for Business, Energy and Industrial Strategy said the Horizon project was part of efforts to put Britain "at the forefront of...

  • LONDON, Dec 14- Britain's nuclear regulator has approved Hitachi-GE's reactor design, paving the way for it to be used in Horizon's planned new nuclear project in Britain. The Office for Nuclear Regulation said it was satisfied that Hitachi-GE's advanced boiling water reactor meets the necessary safety, security and environmental protection standards for...

  • *UK nuclear regulator approves Hitachi-GE reactor design; says suitable for construction in Britain. *The advanced boiling water reactor has passed the generic design assessment of new nuclear reactor designs. *Horizon Nuclear Power plans to use the design for two reactors at Wylfa Newydd in Wales and Oldbury-on-Severn in south Gloucestershire in England.

  • *Liberty House building its aluminium portfolio. SYDNEY/ LONDON, Dec 14- Liberty House, the industrial and commodities group buying a number of steel assets around the world, is considering a bid for Rio Tinto's aluminium smelter in northern France, the largest in Europe, three sources with direct knowledge of the matter told Reuters. Liberty House, which is headed...

  • *Liberty House building its aluminum portfolio. SYDNEY/ LONDON, Dec 14- Liberty House, the industrial and commodities group buying a number of steel assets around the world, is considering a bid for Rio Tinto's aluminum smelter in northern France, the largest in Europe, three sources with direct knowledge of the matter told Reuters. Liberty House, which is headed by...

  • NEW YORK, Dec 13- Leading U.S. office building owners, Equity Office and closely-held Hines, are seeking partners to gain experience in the flexible workspace business that is changing how office space is leased, sources said. The explosive growth of firms such as WeWork, the largest leaser of office space in Manhattan the past three years, has pushed landlords to...

  • This ropeless elevator could revolutionize the construction of new buildings.

  • Dec 13- New York's power grid operator said on Wednesday the state should have enough electricity after the closure of two reactors at the Indian Point nuclear power plant in 2020 and 2021, as new sources of mostly natural gas-fired generation enter service. Entergy Corp said in January it would shut the two reactors at its 2,069- megawatt Indian Point station...

  • Dec 13- Apple Inc said on Wednesday it would invest $390 million in Finisar Corp, which it will use to build out a plant in Texas to make chips that power popular iPhone features such as face ID, animojis and portrait-mode selfies. The award will be part of Apple's $1 billion " Advanced Manufacturing Fund" to foster innovation and create jobs, Apple said in a statement.

  • COLUMBIA, S.C.— More than 700,000 South Carolina power customers are unfairly "holding the bag," the state's top attorney told regulators Tuesday, obligated to pay over $2 billion in interest debt for a failed nuclear reactor construction project that has never generated any electricity and likely never will. Attorney General Alan Wilson's testimony came as...

  • MEXICO CITY, Dec 12- The Mexican government has banned an affiliate of construction company Odebrecht from bidding for federal public contracts for four years, in an investigation stemming from the bribery scandal that has engulfed the Brazil- based builder. The Public Administration Ministry said in a statement late on Monday that it had sanctioned...

  • PATTON VILLAGE, Texas, Dec 12- When Hurricane Harvey sent two feet of water rolling into this small community about 35 miles north of Houston, Alfredo Becerra had to flee his modest 1,500- square-foot house. One month later, across the Gulf of Mexico in Big Pine Key, Florida, moving company driver Byron Keeble lost about $10,000 worth of belongings, including a new...

  • A German company has created a ropeless elevator that can travel in all directions using the same technology as a Maglev train.

  • WHERE THE JOB GROWTH IS. Professional service providers, manufacturers and builders, including many small businesses, were among the biggest contributors to job growth last month, according to the Labor Department. The National Federation of Independent Business, which surveys the small business owners who are its members, said more than half the owners it...

  • ALBUQUERQUE, N.M.— Officials at the nation's only underground nuclear waste repository are flipping the switch on an interim ventilation system this week, allowing mining to resume for the first time since a 2014 radiation release contaminated part of the facility. Bruce Covert, president of the contractor that runs the Waste Isolation Pilot Plant for the...

  • *Says raid over suspicion of "deceptive obstruction of business". TOKYO, Dec 11- Obayashi Corp, one of Japan's' big four' construction firms, on Monday said Tokyo prosecutors have raided its offices on suspicion of "deceptive obstruction of business", sending its shares tumbling as much as 8 percent. The raid comes as Japan's corporate culture is under increased...

  • TOKYO, Dec 11- Japanese stocks hit a fresh 25- year high on Monday in choppy trade as gains in financial shares and large cap stocks offset falls in real estate and construction companies, with Obayashi Corp diving more than 7 percent. Obayashi tumbled after reports it had been raided by prosecutors investigating what media reports said were allegations that...

  • *China tests "Yanlong" dedicated nuclear reactor. SHANGHAI, Dec 10- With its smog-prone north desperate to slash coal consumption, China is looking to deploy nuclear power to provide reliable winter heating, raising public safety concerns- though developers say the risks are minimal. The technology is ready, said Gu Shenjie, deputy chief engineer with the...

  • Homebuilding CEO says 'California is really in a housing crisis' in terms of supply

    Jim Cramer touched base with Tri Pointe Group CEO Doug Bauer about the housing market, taxes and the wildfires in California.

  • BATH, Maine— The second stealthy destroyer being built for the U.S. Navy cut short its first sea trials because an equipment failure prevented testing of propulsion and electrical systems under full power, officials said Friday. The problem during builder trials was discovered Tuesday, a day after the future USS Michael Monsoor left Bath Iron Works, the Navy...