ConDig (31-Oct-17). KBR Inc returned to profit in the third quarter of this year amid improved margins in certain divisions that offset a slight dip in revenue. The Houston-based engineering and construction company posted net…
ConDig (30-Oct-17). US homebuilder Lennar Corp is set to acquire rival CalAtlantic Group in a stock-and-cash deal valued at about $9.3 billion, which would create the largest homebuilder in the country. The proposed deal comes…
ConDig (27-Oct-17). Civil contractor and construction materials producer Granite Construction Inc. booked a 24% rise in profit in the third quarter of this year on higher revenue. The Watsonville, California-based company posted net income of…
ConDig (26-Oct-17). The New York City Department of Investigation (DOI) has arrested 14 people in connection with three construction fraud schemes in the New York borough of Brooklyn. One of the cases centered around several…
ConDig (25-Oct-17). The Occupational Safety and Health Administration (OSHA) has slapped a $201,354 fine on masonry contractor Ski Masonry LLC for fall and electrical violations on a construction site in Pittsburgh. OSHA launched the probe…
ConDig (24-Oct-17). New home sales in the US are set to grow 5-10% over last year’s levels amid strong demand, historically low interest rates and growth in first-time buyers entering the market, according to US…
ConDig (19-Oct-17). Engineering and construction group Fluor Corp (FLR) has secured a $240 million contract to help restore electricity in Puerto Rico following the devastation caused to the island by a powerful hurricane that hit…
ConDig (18-Oct-17). The Occupational Safety and Health Administration (OSHA) has hit the owner of New Jersey-based contractor DH Construction LLC with a fine of $191,215 for scaffold violations at a site in Philadelphia. OSHA said…
ConDig (17-Oct-17). Confidence among US homebuilders shot back up in October to reach a 6-month high after sentiment in the market crumbled last month following the impact of two major hurricanes. The National Association of…
ConDig (12-Oct-17). Developer and contractor Skanska has secured a $452 million deal to revamp the George Washington Bridge (GWB) in New York City. Under the contract with the Port Authority of New York and Jersey,…