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Caterpillar profit weakened by high inventory, China fraud

Caterpillar Inc, the world's largest maker of construction equipment, posted a 55 percent drop in quarterly profit on Monday due to a charge connected with accounting fraud at a Chinese subsidiary and weak demand among its dealers.


Airbus' Alabama plant to create 2,500 construction jobs

Airbus should create about 2,500 construction jobs to build a new $600 million airliner assembly plant in Mobile, Alabama, and 400 to 500 full-time jobs once production starts in 2017, a source familiar with the plans said on Saturday.


Housing starts hit 1.5 year high in November

Housing starts and permits for future construction jumped to a 1-1/2 year high in November as demand for rental apartments rose, suggesting the housing market was starting to recover.


Home building jumps in June after dismal spring

Builders broke ground on more single-family homes and apartments in June, helping the battered construction industry gain a little life after a dismal spring.


Dow, Nasdaq have best month of the year

Dow, Nasdaq have best month of the year

Caterpillar drove the Dow Jones industrial average higher Friday after the company reported a huge gain in first-quarter earnings. The world's largest maker of mining and construction equipment rose 2.5 percent after its earnings increased more than five-fold. The company also raised its sales and profit forecast for the year.


Obama's $50 Billion Spending Plan to Boost Economy, Report Says

President Barack Obama's proposed $50 billion transportation spending program would boost jobs in the construction, manufacturing and retail industries and help bolster a struggling economy ...


U.S. Construction Spending and Factory Use Rise

New data indicate the American economy is continuing to recover despite the European slowdown.


Housing starts take surprise drop in December

Construction of new homes dipped unexpectedly last month in the U.S. as bad weather hit much of the country.


Third-Quarter Growth Weaker Than First Thought

Third-Quarter Growth Weaker Than First Thought

The downward revision, to 2.2 percent growth from 2.8 percent, was partly because shoppers did not spend as much and construction was weaker than first thought.


Construction of new homes drops a surprising 10.6% in October

That's 30.7% down from the same month last year. Analysts had recently forecast a 1.7% rise in housing starts.


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