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Capital Goods Construction and Engineering

  • April 25- U.S. homebuilder PulteGroup Inc reported a 9.9 percent rise in quarterly profit, aided by higher home sales and average selling prices. The company's net income rose to $91.5 million, or 28 cents per share, in the first quarter ended March 31, from $83.3 million, or 24 cents per share, a year earlier. Home sale revenue rose 13.7 percent to $1.59 billion.

  • Were going to make it happen this year, he said, according to Drew Greenblatt, the president of Marlin Steel in Baltimore, who was present. Project lists submitted by the North America's Building Trades Unions and by an outside developer who helped with the transition both contain projects that infrastructure builders call shovel ready. After North America's...

  • Were going to make it happen this year, he said, according to Drew Greenblatt, the president of Marlin Steel in Baltimore, who was present. Project lists submitted by the North America's Building Trades Unions and by an outside developer who helped with the transition both contain projects that infrastructure builders call shovel ready. After North America's...

  • TORONTO, April 21- Canada's main stock index was nearly unchanged on Friday as SNC-Lavalin rose on an acquisition move and Home Capital Group recouped steep losses, while some miners and energy stocks weighed. SNC-Lavalin Group Inc gained 2.1 percent to C $54.17 after the engineering and construction company said on Thursday it would move ahead with a planned...

  • MILAN, April 21- Italy's Saipem is working to expand new lines of business including wind farms to help it cope with a slump in order books among oil services groups. "We're looking to grow in areas like wind farm projects, especially in the North Sea, and dismantling oil and gas platforms," Saipem's chief executive Stefano Cao said on Friday following the company's...

  • Horton Inc's quarterly profit edged past estimates on Thursday but concerns about the resilience of a recovery in the U.S. housing market weighed on the company's shares. The largest U.S. homebuilder's shares were down 2.8 percent in afternoon trading, dragging peers including Lennar Corp and PulteGroup Inc lower. "Shares are trading modestly lower on...

  • *Egypt's Orascom Construction up on new U.S. facility. DUBAI, April 20- Profit-taking and weak first-quarter earnings weighed on Gulf stock markets on Thursday, with Saudi Arabia's index pulled lower by petrochemical shares after oil prices fell sharply, but Dubai's Union Properties and Abu Dhabi's TAQA bucked the trend. Union Properties, however, leapt 5.8...

  • Horton Inc, the largest U.S. homebuilder, reported a 17.5 percent rise in quarterly profit on Thursday, driven by higher home sales. The company's net income rose to $229.2 million, or 60 cents per share, in the second quarter ended March 31, from $195.1 million, or 52 cents per share, a year earlier. Home sales rose 17.6 percent to $3.16 billion.

  • *Qatar underperforms; all blue chips have paid 2016 dividend. DUBAI, April 19- Construction-related shares underperformed Riyadh's stock market on Wednesday because of poor first-quarter earnings, though troubled Dubai builder Arabtec jumped after shareholders approved a capital restructuring plan. Riyadh- listed Arabian Cement slid by 5 percent after...

  • DETROIT/ NEW YORK, April 18- U.S. Bill Hickey, president of Chicago- based Lapham-Hickey Steel, which has seven steel mills in the Midwest and Northeast, said he has heard talk of "Buy American" for decades, but American or foreign contractors frequently find loopholes to use imported steel. Charles Bradford of Bradford Research said focusing on "Buy American" for U.S....

  • WASHINGTON, April 18- U.S. homebuilding fell in March after unseasonably mild weather buoyed activity in February and manufacturing output dropped for the first time in seven months, further indications that economic growth braked sharply in the first quarter. The clouds from the outlook skies may not lift until late this summer, "said Chris Rupkey, chief...

  • WASHINGTON, April 18- U.S. homebuilding fell more than expected in March as the construction of single-family homes in the Midwest recorded its biggest decline in three years, but an increase in building permits suggested the housing market recovery remained intact. Housing starts decreased 6.8 percent to a seasonally adjusted annual rate of 1.22 million...

  • WASHINGTON, April 18- U.S. homebuilding fell in March as the construction of single-family homes in the Midwest recorded its biggest decline in three years, likely reflecting bad weather. Housing starts declined 6.8 percent to a seasonally adjusted annual rate of 1.22 million units, the Commerce Department said on Tuesday. Single-family starts in the Midwest...

  • ABU DHABI, April 18- Dubai builder Arabtec got approval from shareholders on Tuesday for a planned 1.5 billion dirham rights issue, sources told Reuters, as the troubled firm strives to position itself for a turnaround. Earlier this week, the company said it had appointed Peter Pollard as its new group chief financial officer who will succeed acting group CFO...

  • April 12- Fears that higher home mortgage rates this year will keep buyers away and hit home sales could be overblown. While interest rates are expected to rise this year and wages will likely remain stagnant, buyers can look forward to a potential slackening in home prices during the crucial spring selling season. "Even in the face of slowing price growth, I think...

  • *Canadian dollar at C $1.3357, or 74.87 U.S. cents. barrel, supported by a renewed shutdown at Libya's largest oilfield and heightened tension over Syria following the U.S. missile strike. trading at C $1.3357 to the greenback, or 74.87 U.S. cents, stronger than Friday's close of C $1.3410, or 74.57 U.S. cents.

  • MEXICO CITY, April 5- State-owned oil company Pemex said on Wednesday that Mexican prosecutors have called for testimony from Pemex officials in an investigation of a bribery scandal around Brazil- based builder Odebrecht. Pemex also signed two contracts with Odebrecht for the construction at the Tula refinery in central Mexico. According to the U.S. court...

  • LONDON, April 5- European shares struggled to find direction on Wednesday, making slight gains as strength in oil and basic resource stocks outweighed weaker autos and healthcare sectors. Euro zone businesses had their best quarter in six years, construction purchasing managers' indexes showed, with individual countries' data also improving, indicating...

  • LONDON, April 4- The number of new homes built in London will reach 46,500 this year but total completions will fall by a quarter at the turn of the decade, estate agents Savills said on Tuesday, in a further blow to efforts to tackle a mounting housing crisis. The government has set out plans to boost house builds in England from 190,000 homes a year to at least 250,000...

  • *Westinghouse bankruptcy could prompt mergers in Japan. *Three players compete for nuclear business in Japan. While this has been moribund since the 2011 Fukushima disaster, Japan still has dozens of reactors that need to be maintained and supplied with parts and fuel once operating.