All General Articles

World Bank approves US$ 130 million São Paulo Metro loan
World Bank approves US$ 130 million loan for the Second Phase of São Paulo's Metro Line 4.
US construction spending hits 8-year low
Activity hit a new low in February, but March saw a small improvement in industry employment.
PLC given FNTP on Texas SH 161 Extension
The Prairie Link Constructors JV receives final notice to proceed on the US$ 416 million State Highway 161 Tollway project.
Parsons Brinckerhoff reaches milestone
New York, US-based engineering company Parsons Brinckerhoff (PB) is celebrating its 125th birthday.
Eight named in South African bitumen probe
Competition Commission pushes for 10% fines, but defendants say agreement was designed to bring stability and transparency to prices.
WM Kellogg to admit to Nigerian bribes
UK subsidiary of KBR negotiating with the Serious Fraud Office over its role as the conduit for bribes, but Halliburton will pay any fines.
Technip takes US$ 328 million Nigerian bribery charge
Technip has announced a € 245 million (US$ 328 million) charge in its fourth quarter accounts to resolve bribery charges relating to the construction of a liquefied natural gas plant in Nigeria from 1994 to 2004.
Pulte Homes founder to retire
William J. Pulte to stand down after 60 years in the house building business.
JCB and Volvo agree joint venture on skid steers
JCB and Volvo Construction Equipment have signed a deal under which they will co-operate on the design and manufacturing of skid steer loaders and compact tracked loaders for distribution globally under the two brands.
SNC-Lavalin employee kidnapped
A local employee of SNC-Lavalin has been kidnapped by five armed gunmen in Djebham, 150 km southeast of Algiers in Algeria.
Terex to sell mining division to Bucyrus
Terex is to sell its mining equipment business to Bucyrus International Inc for US$ 1.3 billion in cash and said the sale signified a shift from being a construction and mining equipment company to a machinery and industrial products business focusing on niche markets.
IDB supports Argentinean cement company
Argentina's leading cement producer, Loma Negra, will receive up to US$ 125 million in medium-term financing from the Inter-American Development Bank (IDB) to support the company's capital expenditure programme.
Volvo to close US factory
Volvo is to close its manufacturing facility in Asheville, North Carolina, US.
Caterpillar expands in the US
Caterpillar Logistics Services is to build a new 93000 m2 parts and distribution centre in Ohio, US.
Emaar MGF offices searched
Emaar MGF's offices in New Delhi, India have been raided by the Directorate of Enforcement under the Indian foreign exchange management act.
US$ 170 million loan to modernise Azerbaijan cement plant
Investment by the EBRD will see capacity increased +40% and CO2 emissions cut by -10%.
Caterpillar to increase prices in 2010
Caterpillar has filed regulatory forms with the US Securities and Exchange Commission (SEC) saying it will raise equipment prices rise by up to +2% in January 2010.
Boart Longyear to repay loan with share issue
Boart Longyear shareholders have approved the conditional placement of over 850 million shares in a bid to raise US$ 193 million.
Bobcat to cease manufacturing in Bismark
Production to move to Gwinner factory, but office jobs will remain.
US equipment exports down –36%
AEM sees steep falls seen in Europe and Asia, while Latin America is least affected
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