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Capital Goods Construction and Engineering

  • May 2- Engine maker Cummins Inc on Tuesday raised its 2017 forecasts for revenue and earnings before interest and tax, on stronger-than-expected demand from the construction industry in China. The Columbus, Indiana- based company is benefiting from increased spending in the construction industry in China- a market that accounted for about 8 percent of its...

  • *Q1 profit $2.36/ shr vs est $1.81. *Q1 sales $4.59 bln vs est $4.15 bln. The Columbus, Indiana- based company is benefiting from increased spending in the construction industry in China- a market that accounted for about 8 percent of its annual sales in 2016..

  • WILMINGTON, Del./ NEW YORK May 2- In 2012, construction of a Georgia nuclear power plant stalled for eight months as engineers waited for the right signatures and paperwork needed to ship a section of the plant from a factory hundreds of miles away. Those problems have led to an estimated $13 billion in cost overruns and left in doubt the future of the two plants, the...

  • WILMINGTON, Del, April 27- The owners of one of the first new U.S. nuclear power plants in decades said the half-finished reactors might not be completed without changes to a proposed $800 million loan to the bankrupt builder, Westinghouse Electric Co LLC. Westinghouse filed for bankruptcy in March, blaming billions of dollars of cost overruns at two nuclear...

  • A teacher instructs her classroom of first graders at an elementary school in Washington, DC.

    Hiring projections are rosy for the Class of 2017, according to CareerBuilder. The outlook is even better for some sectors than others.

  • CAPE TOWN, April 26- A South African pact with Russia's Rosatom to build nuclear reactors was deemed unlawful by a High Court on Wednesday, casting fresh doubt over the country's energy plans. South Africa and Russia signed an Intergovernmental Agreement in 2014 that sealed a cooperation pact between state-owned nuclear group Rosatom and state-owned...

  • CAPE TOWN, April 26- A South African pact with Russia's Rosatom to build nuclear reactors was deemed unlawful by a High Court on Wednesday, casting fresh doubt over the country's energy plans. South Africa and Russia signed an Intergovernmental Agreement in 2014 that sealed a cooperation pact between state-owned nuclear group Rosatom and state-owned...

  • CAPE TOWN, April 26- A South African pact with Russia's Rosatom to build nuclear reactors was deemed unlawful by a High Court on Wednesday, casting fresh doubt over the country's energy plans. South Africa and Russia signed an Intergovernmental Agreement in 2014 that sealed a cooperation pact between state-owned nuclear group Rosatom and state-owned...

  • *Suspends all Vanke, subsidiary sales in Xian. HONG KONG, April 26- The housing authority of China's Xian city on Wednesday said it has suspended sales of projects by China Vanke Co Ltd, the country's second-biggest homebuilder by sales, citing property transactions that it suspects are "against regulation." "Based on our estimate, sales from Xian accounted for...

  • HONG KONG, April 26- The housing authority of China's Xian city on Wednesday said it has suspended sales of projects by China Vanke Co Ltd, the country's second-biggest homebuilder by sales, citing property transactions that it suspects are "against regulation." The Xian House Management Bureau, in the statement on its website dated April 24, said it suspects...

  • WASHINGTON, April 25- U.S. homebuilders on Tuesday criticized as "short-sighted" a government decision to impose anti-subsidy duties on imports of Canadian softwood lumber, saying it would cost American workers nearly $500 million in lost wages and raise house prices. The National Association of Homebuilders said the duties averaging 20 percent announced...

  • WASHINGTON, April 25- U.S. consumer confidence fell from a more than 16- year high in April, but a surge in new home sales to an eight-month high last month suggested underlying strength in the economy despite an apparent sharp slowdown in growth in the first quarter. Consumers also have more jobs and are getting higher wages, so they will likely increase their...

  • WASHINGTON, April 25- U.S. consumer confidence fell from a more than 16- year high in April, but a surge in new home sales to an eight-month high last month suggested underlying strength in the economy despite an apparent sharp slowdown in growth in the first quarter. The dip in confidence is likely related to last month's failed attempt by Republicans in the House...

  • Pulte's shares were down 2.9 percent at $22.40 in premarket trading on Tuesday. Wedbush Securities analyst Jay McCanless said slower-than-expected unit closing pace would come under focus in the post-earnings call, noting that first-quarter housing revenues and unit closing were below his forecast. Pulte, which mainly sells single-family homes, said the...

  • Pulte, which sells single-family detached homes, said the average price of homes increased to $375,000 from $353,000 a year earlier, while the number of homes sold rose to 4,225 from 3,945.. 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.

  • 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...