<div id="subtitle">Construction spending fell in May as a further slump in housing offset strength elsewhere</div><div><p>Construction spending fell in May for the 11th time in the past year as a continuing slump in housing offset strength in nonresidential building.</p><p>The Commerce ...
<div id="subtitle">Swedish construction group Skanska says 3Q profit fell slightly, reviewing cost savings</div><div><p>Swedish construction firm Skanska AB on Tuesday reported a 3 percent drop in third-quarter net profits, mainly from lower sales and higher interest costs. It warned it is reviewing costs ...
<div id="subtitle">Swedish builder Skanska to cut 3,400 jobs due to weakening in Nordic construction market</div><div><p>Skanska AB, the Nordic region's biggest construction group, said Tuesday it will slash 3,400 jobs, or almost 6 percent of its work force, due to a weakening in ...
<div><h1> EFFICIENCY TRUMPS OPULENCE </h1><p>As commercial construction falls deeper into recession, it seems fitting that the winners of this year's BusinessWeek/Architectural Record awards show the payoffs of investing in smart design. Of course, all of 2008's champions were completed and occupied before ...
<div><p>The weak economy and tight credit conditions, coupled with severe job losses and the resulting decline in state government revenues, will translate into significant weakness for the construction industry nationally through 2010. That's according to the Portland Cement Association (PCA), which has ...
<div><p>Kuwait's Oil Minister Mohammad al-Olaim said the ministry has so far signed "letters of intent" rather than full contracts for five foreign oil majors which won the bidding to build a 15-billion-dollar oil refinery.</p><p>"We have not signed the contracts with the winner ...
<div id="subtitle">KBR 1st-quarter profit falls 21 percent but results top Street expectations</div><div><p>KBR Inc.'s first-quarter earnings dropped 21 percent from a year ago when the engineering and construction company posted a $51 million gain from an arbitration award.</p><p>The Houston ...
<div><p> Much as Standard & Poor's Ratings Services expected, commercial construction activity declined in the latter half of 2008, primarily because of the normal lag after a residential downturn. However, this drop was much faster and deeper than previously anticipated. As a ...
<div><p>Three South Korean companies have won orders totalling 3.9 billion dollars for massive gas development projects in the United Arab Emirates, it has been announced.</p><p>The orders are among international contracts worth a total 9.2 billion dollars awarded by state-run Abu Dhabi Gas ...
<div id="subtitle">URS buys engineering and construction management co. ForeRunner, financial terms undisclosed</div><div><p>URS Corp., an engineering and construction company, said Monday it acquired ForeRunner Corp., an engineering and construction management company specializing in oil and gas industry projects.</p><p>Financial terms were ...
