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Capital Goods Construction and Engineering

  • PARIS, Sept 28- French utility EDF will temporarily shut down all four reactors at its Tricastin nuclear power plant after regulator ASN identified flaws in a canal dike bordering the plant. ASN said in a statement that while the dikes are being strengthened, there there was a risk of flooding which could lead to a major accident at the plant, which is located along...

  • SAN JUAN, Puerto Rico/ NEW YORK, Sept 26- Broken electricity poles and streetlights list into the middle of highways. Hurricane Maria's devastation of the U.S. territory of Puerto Rico last week left the entire island and its 3.4 million residents without power. Maria struck Puerto Rico as a very dangerous Category 4 hurricane on Wednesday, with winds up to 155...

  • Rebuilding in the hurricane-ravaged Texas and Florida also is expected to deliver a boost in the fourth quarter. "Though hurricane disruptions will make spending uneven geographically over the next few months, we expect consumers to remain a primary driver of U.S. economic growth in 2018," said James Bohnaker, a U.S. economist at IHS Markit in Lexington,...

  • SAN JUAN, Puerto Rico/ NEW YORK, Sept 26- Broken electricity poles and streetlights list into the middle of highways. Hurricane Maria's devastation of the U.S. territory of Puerto Rico last week left the entire island and its 3.4 million residents without power. Maria struck Puerto Rico as a very dangerous Category 4 hurricane on Wednesday, with winds up to 155...

  • *Consumer confidence slips in September. WASHINGTON, Sept 26- U.S consumer confidence fell in September and home sales dropped to an eight-month low in August due to the impact of Hurricanes Harvey and Irma, supporting the view that the storms would hurt economic growth in the third quarter. It said confidence in Texas and Florida "decreased considerably."

  • The Commerce Department said on Tuesday new home sales decreased 3.4 percent to a seasonally adjusted annual rate of 560,000 units last month, which was the lowest level since December 2016. The Commerce Department suggested Hurricanes Harvey and Irma could have impacted new home sales data last month. It said "information on the sales status at the end of...

  • The company's shares were down 3.7 percent at $35.52 in light premarket trading on Monday. Horton, which mainly sells single-family homes, said it expected about $150 million of cash flow from operations, down from its previous forecast of about $300 million. Earlier this month, the No.2 U.S. homebuilder Lennar Corp said it expected hundreds of home deliveries...

  • The company's shares were down 3.7 percent at $35.52 in light premarket trading on Monday. The homebuilder said it expected about $150 million of cash flow from operations, down from its previous forecast of about $300 million. The Fort Worth, Texas- based homebuilder said it expected selling, general and administrative expenses as a percentage of...

  • Horton Inc, the No.1 U.S. homebuilder, cut its forecast for 2017 cash flow from operations by half, citing delays in construction and deliveries due to recent hurricanes. The homebuilder now expects to generate about $150 million of cash flow from operations compared with its previous forecast of about $300 million, the company said on Monday.

  • *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,...

  • *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, 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...

  • 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...

  • 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...