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Construction co. settles bridge collapse lawsuits

Star Tribune (Minneapolis-St. Paul, Minn.) | 1 day 1 hour 2 minutes ago

ST. PAUL, Minn. - Victims and the families of those killed in the Interstate 35W bridge collapse in Minneapolis in 2007 agreed Friday to settle their lawsuits against a construction company that was resurfacing the span at the time.... (more)

Stocks in focus for Monday - MarketWatch

MarketWatch | 1 day 1 hour 43 minutes ago

Electronic Arts /quotes/comstock/15*!erts/quotes/nls/erts (ERTS 19.00, +0.84, +4.63%) is expected to post second-quarter earnings of 8 cents a share.... (more)

Kajima used cheap gravel at Haneda

Japan Times, The | 1 day 2 hours 15 minutes ago

Kajima Corp., one of Japan's five largest general contractors, is suspected of using low-priced gravel in the construction of a new runway at Tokyo's Haneda airport and making unfair profits, land ministry officials said Friday. The Ministry of Land, Infrastructure, Transport and Tourism plans to soon file a complaint with police against Kajima on suspicion of fraud, the officials said. The ministry believes Kajima unfairly gained several million yen in unfair profits the difference...... (more)

Construction co. settles 2007 Minneapolis bridge collapse litigation; other suits pending

Star Tribune (Minneapolis-St. Paul, Minn.) | 1 day 2 hours 48 minutes ago

Daewoo, Filinvest, Jardine Cycle, Ssangyong: Asia Ex-Japan Equity Preview

Bloomberg | 1 day 4 hours 58 minutes ago

Daewoo Engineering & Construction Co. (047040 KS): Kumho Asiana Group (002990 KS) will close bidding for Daewoo Engineering on Nov. 18, according to an e-mailed statement. Daewoo Engineering, a South Korean builder, fell 1.2 percent to 12,650 won. Kumho was unchanged at 10,050.... (more)

UPDATE 1-Italcementi 9-mth net halves, sees less negative Q4

Reuters | 1 day 7 hours 38 minutes ago

MILAN, Nov 6 (Reuters) - Net profit at Italy's biggest cement maker, Italcementi SpA (ITAI.MI), fell by nearly half in the first nine months of 2009, but it did find some glimmers of hope in a construction market hit hard by the credit crisis.... (more)

GBL Q3 profit up on Lafarge impairment reverse

Reuters | 1 day 7 hours 46 minutes ago

BRUSSELS, Nov 6 (Reuters) - Belgian holding company Groupe Bruxelles Lambert (GBL) (GBLB.BR) said it had booked a sharp rise in third-quarter profit after reversing a writedown of its holding in French cement maker Lafarge (LAFP.PA).... (more)

UPDATE 2-SNC Lavalin profit rises 13 pct, but revenue sags

Forbes | 1 day 9 hours 31 minutes ago

TORONTO, Nov 6 (Reuters) - SNC-Lavalin Group Inc reported a 13 percent rise in quarterly profit on Friday, mainly due to higher profit margins on large-scale construction and engineering projects.... (more)

RIGZONE - Stratic Trims 2009 Gross Production Estimate for West Don

International Water Power and Dam Construction | 1 day 10 hours 22 minutes ago

At Petrofac's West Don field, Stratic now considers that 2009 gross production from the field will be approximately 1.75 million barrels of oil (mmbbls) (Stratic share: 0.30 mmbbls), compared with its previous estimate of 2.1 mmbbls (Stratic share: 0.36 mmbbls). The reduction reflects continuing gas lift and water injection performance below expectation. Work is well underway on the export pipeline tie-back to the Thistle facilities, with completion on-track for February 2010.... (more)

UPDATE 1-SNC Lavalin profit up 13 percent, but revenue sags

Forbes | 1 day 11 hours 2 minutes ago

TORONTO, Nov 6 (Reuters) - SNC-Lavalin Group Inc reported a 13 percent rise in quarterly profit on Friday, mainly due to an expected increase in gross margins in its packages division. The Canadian engineering and construction company said net earnings rose to C$103.1 million ($96.4 million), or 68 Canadian cents a share, for the three months ended Sept. 30, from C$91.3 million, or 60 Canadian cents a share, in the year-before quarter.... (more)

BUSINESS NOVEMBER 6, 2009, 6:25 A.M. ET Construction Slump Hits Lafarge

Barron's (subscription required) | 1 day 13 hours 38 minutes ago

PARIS -- Construction-material and cement maker Lafarge SA on Friday lowered its volume expectations for 2009 after it reported a 38% drop in third-quarter net profit.... (more)

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