Granite Construction gets WTC PATH contract

2010-03-17T15:45:30Z

<div id="subtitle">Granite Construction, Skanska USA get $542M contract for PATH station at Trade Center site</div><div><p>Granite Construction Inc., a contractor and producer of construction materials, said Wednesday it is part of a joint venture that received a $542 million contract with the Iraq. South Korea's debt-laden Kumho Asiana Group said Tuesday it will axe executives, force staff to take unpaid leave and sell off a range of assets under its restructuring plan.</p><p>The country's eighth largest conglomerate said it plans to raise 1.3 trillion won (1.1 billion dollars) by offloading assets at home ...

Foster Wheeler makes new appointments

2010-02-23T14:41:10Z

<div id="subtitle">Foster Wheeler makes new appointments after general counsel resigns</div><div><p>Switzerland-based engineering and construction firm Foster Wheeler AG said Thursday it has made some new appointments.</p><p>Michelle Davies has been named acting general counsel, effective Jan. 1...

Foster Wheeler shuffles execs

2010-02-23T14:41:11Z

<div id="subtitle">Foster Wheeler shuffles executives, names new CEO effective June 1</div><div><p>Switzerland-based engineering and construction firm Foster Wheeler AG said Thursday its board has made changes to the company's senior leadership team.</p><p>Robert C. Flexon will become CEO on Jun...

Foster Wheeler moving operating HQ to Geneva

2010-02-23T14:41:17Z

<div id="subtitle">Foster Wheeler moving operating headquarters from NJ to Geneva</div><div><p>Switzerland-based engineering and construction firm Foster Wheeler AG said Thursday it is in the process of moving its operating headquarters from New Jersey to Geneva.</...

Ahead of the Bell: Engineering and construction

2010-02-23T14:46:12Z

<div id="subtitle">Jobs bill passed by House may aid engineering and construction firms</div><div><p>Engineering and construction firms may gain from a bill passed by Democrats in the House aimed at spurring job growth.</p><p>The Senate will still need to take up the measure next year. But FBR Capital Markets analyst

Foster Wheeler acquires oil, gas business

2010-02-24T12:36:59Z

<div id="subtitle">Foster Wheeler acquires Houston oil, natural gas production business</div><div><p>Engineering and construction company Foster Wheeler AG said Thursday it has acquired a Houston-based oil and natural gas production business for undisclosed terms.</p><p>Foster Wheeler's ...

URS acquires engineering firm ForeRunner

2010-02-24T14:23:36Z

<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...

BA Save Mart Const

2009-09-08T16:35:57Z

The new Save Mart store construction continues on Pelandale Road just east of Costco. The current Save Mart store on Pelandale Road will move to the new location. .September 1, 2009....

August 24, 2009

2009-09-02T08:01:38Z

CARLOS GONZALEZ cgonzalez@startribune.com August 24, 2009 Chanhassen, MN - Chanhassen High School - A handful of brand-new, state-of-the-art schools are about to open across the Twin Cities. But given the state of the economy, whats going to happen to school construction? The general feeling among nationa...

SKorean firms win lucrative orders in UAE

2010-02-26T08:52:06Z

<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 Indu...

Building Materials: How Big a Stimulus Boost?

2010-02-27T10:13:58Z

<div><p> Much as Standard &amp; 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 result, U.S. building-materials companies are now grappling with continued depressed residential end markets and rapidly fal...

KBR 1st-quarter profit falls

2010-02-27T18:26:22Z

<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 company, whi...

Derek Simpson, joint leader of Unite, with delegation of Unite members working in engineering and construction deliver a petition to Number 10 today, calling on Gordon Brown to insist that employers give UK workers fair access to work on UK engineering an

2009-04-21T15:03:32Z

Derek Simpson, joint leader of Unite, with delegation of Unite members working in engineering and construction deliver a petition to Number 10 today, calling on Gordon Brown to insist that employers give UK workers fair access to work on UK engineering and construction projects.....Co-ordinated protests will also take place ...

Association revises cement forecast downward

2010-02-28T21:55:08Z

<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 again adjusted its cement-consumption forecast downward.</p>&l...

EFFICIENCY TRUMPS OPULENCE

2010-03-01T04:20:59Z

<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 panic seized the global financial markets. But after a few ...

Swedish builder Skanska to cut 3,400 jobs

2010-03-01T13:07:30Z

<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 the construction market.</p>&...

Sweden's Skanska: 3Q profit down, reviewing costs

2010-03-02T12:09:44Z

<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 and operations as a response to the global financial turmoil.</p>&l...

Kuwait oil project winners yet to receive signed contracts

2010-02-28T14:25:38Z

<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 companies but only letters of intent," Olaim told repo...

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