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October 7, 2008 8:48:01 AM CDT


Stories related to: construction

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Stories 21 - 30 of 30

  • February 2008
    • Dour Housing Market Slams Home Depot Q4 Results

      Dour Housing Market Slams Home Depot Q4 Results

      (Newser) - Continuing US housing market woes, showing no signs of letting up, helped drag Home Depot’s fourth quarter profits down 27% over the same quarter last year, to $671 million from $925 million. The world’s largest home-improvement retailer also predicted fiscal-year earnings will drop 19% to 24%, more than twice the decline analysts had expected, the Wall Street Journal reports. More »

      Tags

      housing market   housing crisis   retail sales   corporate earnings   construction   Home Depot   Robert Nardelli   home improvement   Lowe's

    • Obama Debuts $210B Jobs Plan

      Obama Debuts $210B Jobs Plan

      (Newser) - Democrat Barack Obama today laid out a $210 billion plan to create 2 million environmental and construction jobs over 10 years. “This agenda is paid for,” the Illinois senator said at a General Motors plant in Wisconsin, adding that the money would come from ending the Iraq war, cutting corporate tax breaks, taxing carbon pollution, and hiking taxes on the wealthy. More »

      Tags

      Barack Obama   Iraq war   climate change   General Motors   Detroit   construction

    • Recession Fears Mount as Jobs Drop Unexpectedly

      Recession Fears Mount as Jobs Drop Unexpectedly

      (Newser) - Nonfarm payrolls declined 17,000 in January, the first monthly loss of US jobs since August 2003. The surprising loss—in manufacturing, construction, financials, and government—seems to vindicate aggressive action by the Fed, the Wall Street Journal reports. The number, which had been expected to climb by 75,000 jobs, raised both recession worries and hopes for yet another Fed rate cut. More »

      Tags

      Federal Reserve   unemployment   manufacturing   construction   payrolls

  • January 2008
    • Big Dig's Big Mess Nets Big Settlement

      Big Dig's Big Mess Nets Big Settlement

      (Newser) - Contractors on the botched Boston construction project dubbed the Big Dig will pay state and federal authorities $458 million for its “gross failures.” But Bechtel/Parsons Brinckerhoff will avoid criminal charges for a fatal 2006 ceiling collapse and won’t be banned from future government contracts, the Boston Herald reports. Massachusetts attorney general Martha Coakley called it “the best possible solution.” More »

      Tags

      Boston   Massachusetts   construction   contractors   Deval Patrick   Big Dig

    • Housing Starts Nosedive to Lowest Level Since 1991

      Housing Starts Nosedive to Lowest Level Since 1991

      (Newser) - Housing starts plunged 14% in December, demolishing median analyst estimates, which foresaw a mere 5% dip. November’s numbers were also revised down, reports the Wall Street Journal, from the 3.7% drop originally reported to 7.9%. When the dust settled, construction was at its lowest point since 1991, after suffering the biggest year-over-year decline since 1980. More »

      Tags

      housing crisis   housing   construction   housing starts   new construction   building permit

  • December 2007
    • Boston's $14.8B 'Big Dig' All Dug

      Boston's $14.8B 'Big Dig' All Dug

      (Newser) - The most complicated and expensive highway project in American history is finally complete, AP reports. After 16 years of excavating and building, the ambitious "Big Dig" tunnel project under Boston will be turned over to the Massachusetts Turnpike Authority January 1. The final price tag was $14.8 billion—$12 billion over the first estimate in 1982. More »

      Tags

      Boston   construction   highways   excavation   Big Dig

  • October 2007
    • CA Fires Won't Harm Economy in Long Term

      CA Fires Won't Harm Economy in Long Term

      (Newser) - California’s runaway wildfires are not likely to do longterm damage to the state’s economy, the Los Angeles Times reports—in fact the disaster could be a boon to some sectors. One of those is construction: In the first nine months of the year, construction jobs were down 3% from the previous year; a massive, insurance-backed rebuilding effort could revive the business.  More »

      Tags

      California   US economy   recession   wildfires   construction   insurance   home builders

  • August 2007
  • May 2007
    • Gang Members Join New Brotherhood: Unions

      Gang Members Join New Brotherhood: Unions

      (Newser) - As construction booms, LA's building-trade unions are stepping up recruitment in the inner city, where many new hires are former gang members. The LA Times explores a trend that's turning traditionally white, fraternal outfits like the pipefitters, sheet-metal workers and even Teamsters into majority minority—and, in some cases, majority gang—shops. More »

      Tags

      Los Angeles   construction   unions   gangs   Crips

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