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Capital Goods Construction and Engineering

  • In Texas alone, which is in the middle of a building boom, 69 percent of contractors were having trouble filling positions before the storm hit, according to a survey from the Associated General Contractors of America. Contractors in Houston are growing worried that they will have trouble finding enough staff to deal with the more than 130,000 structures...

  • In Texas alone, which is in the middle of a building boom, 69 percent of contractors were having trouble filling positions before the storm hit, according to a survey from the Associated General Contractors of America. Contractors in Houston are growing worried that they will have trouble finding enough staff to deal with the more than 130,000 structures...

  • In Texas alone, which is in the middle of a building boom, 69 percent of contractors were having trouble filling positions before the storm hit, according to a survey from the Associated General Contractors of America. Contractors in Houston are growing worried that they will have trouble finding enough staff to deal with the more than 130,000 structures...

  • In Texas alone, which is in the middle of a building boom, 69 percent of contractors were having trouble filling positions before the storm hit, according to a survey from the Associated General Contractors of America. Contractors in Houston are growing worried that they will have trouble finding enough staff to deal with the more than 130,000 structures...

  • WASHINGTON, Sept 1- U.S. construction spending unexpectedly fell in July, hitting a nine-month low amid a steep decline in investment in private structures. The Commerce Department said on Friday that construction spending decreased 0.6 percent to $1.21 trillion also as investment on public sector projects fell. In July, spending on private nonresidential...

  • Aug 31- Southern Co said on Thursday it would seek to complete two unfinished nuclear reactors in the U.S. state of Georgia despite billions of dollars of cost overruns that pushed the main contractor, Westinghouse Electric Co LLC, into bankruptcy. The project known as Plant Vogtle is the first new U.S. nuclear power plant to be built since the Three Mile Island...

  • Aug 31- Southern Co said on Thursday it would seek to complete two unfinished nuclear reactors in the U.S. state of Georgia despite billions of dollars of cost overruns that pushed the main contractor, Westinghouse Electric Co LLC, into bankruptcy. The project known as Plant Vogtle is the first new U.S. nuclear power plant to be built since the Three Mile Island...

  • HOUSTON/ SAN FRANCISCO, Aug 30- In the coming weeks, as Houston turns its attention to rebuilding areas devastated by Tropical Storm Harvey, people like Jay De Leon are likely to play an outsized role if they stay around. De Leon, 47, owns a small construction business in Houston, and he and his 10 employees do exactly the kind of demolition and refurbishing the city...

  • HOUSTON/ SAN FRANCISCO, Aug 30- In the coming weeks, as Houston turns its attention to rebuilding areas devastated by Tropical Storm Harvey, people like Jay De Leon are likely to play an outsized role if they stay around. De Leon, 47, owns a small construction business in Houston, and he and his 10 employees do exactly the kind of demolition and refurbishing the city...

  • ABUJA, Aug 30- Nigeria has approved the construction of a $5.8 billion hydroelectric power plant by a Chinese state firm, the power minister said on Wednesday, the latest in a series of Chinese deals since the project was first envisioned decades ago. Nigeria's cabinet signed off on the award of the contract to build Mambilla to the China Civil Engineering...

  • PARIS, Aug 30- Construction group Eiffage maintained its full-year target for higher profits and revenue after posting an increase in first-half earnings, and said it was in talks over buying a business from Italy's Saipem. Eiffage, which is France's third-largest builder behind Vinci and Bouygues, said it was in exclusive talks over acquiring Saipem's...

  • Lonnie Carter will step down from his post as CEO and president of utility Santee Cooper, ending more than 13 years in the position and more than three decades with the utility, Carter and Santee Cooper's board of directors said at a specially convened meeting. The Santee Cooper board of directors voted on July 31 to halt construction on the project, once...

  • SpaceX CEO Elon Musk introduces pods entering the hyperloop test track at the last competition in January 2017

    Teams developing pods to work on the superfast transport system hyperloop are heading to California to test their devices at SpaceX.

  • CHICAGO, Aug 24- The pledge by Taiwan's Foxconn to build a $10 billion factory in southern Wisconsin has ignited cross-border competition with Illinois over which states residents will get the jobs created by the project. Within a 20- minute drive of likely Foxconn sites, Illinois stands to gain those jobs, prompting Wisconsin lawmakers to push to hold on to...

  • *Cuts sales and margin outlook for 2018 and 2019. Aug 24- Belgian proton therapy specialist Ion Beam Applications lost a third of its $1 billion market value on Thursday as it cut revenue and margin guidance for 2018 and 2019, blaming project delays and increased competition. "What we are trying to do now is to join up with large global construction companies who...

  • WASHINGTON, Aug 24- U.S. home resales unexpectedly fell in July to an 11- month low as a chronic shortage of properties boosted prices, the latest sign that the housing market recovery was slowing. "Housing is far from being the economy's growth star," said Michael Gregory, deputy chief economist at BMO Capital Markets in Toronto. The National Association of...

  • JEDDAH, Saudi Arabia, Aug 24- Saudi Arabia will allow foreign investors to take 100 percent ownership of companies in its health and education sectors, the head of the kingdom's investment authority told Reuters. This is something new for Saudi, " Ibrahim al-Omar, governor of the Saudi Arabian General Investment Authority, said. This will open up $180 billion of...

  • Aug 23- General Electric Co has resumed negotiations to sell its industrial solutions business to Swiss engineering company ABB Ltd, after the U.S. industrial conglomerate moderated its price expectations, people familiar with the matter said. The move underscores the determination of John Flannery, who took over from Jeffrey Immelt as GE's chief executive...

  • Aug 23- Toll Brothers Inc's falling average selling price signals a new normal for luxury homebuilders in the United States as they sell more, but lower-priced homes, to thrifty millennials. "We have to work harder to sell larger units at higher price points although we are not competing in the super tall or super expensive condominium product," Toll CEO Douglas...

  • WASHINGTON, Aug 23- New U.S. single-family home sales unexpectedly fell in July, dropping to their lowest in seven months amid a surge in prices, raising concerns of a slowdown in the housing market recovery. "The third-quarter sales data are starting out significantly below the second-quarter average, and many other housing reports have also shown some recent...