Tag: business: Page 70

Workforce

Economists forecast housing-fueled construction job growth

Goldman Sachs economists recently forecasted a housing recovery-fueled increase to the pace of added jobs each month to between 25,000 and 30,000, CNBC reported. In 2012 that pace averaged out at 14,000 per month. Due to the 1.5 million jobs lost in residential construction between 2006 and 2011, the economists warn that even with the […]

February 20, 2013

Business

Following four-year high, U.S. housing starts drop 8.5% in January

After surging to a four-year high in December, much of the momentum in housing starts was lost in January though things remain markedly better than they were at the same point in 2012, according to numbers from the U.S. Commerce Department’s Census Bureau. Construction began on houses and apartments at a seasonally adjusted rate of 890,000 […]

February 20, 2013

Business

Head of Volvo Construction Americas lauds Obama’s focus on improving infrastructure

During his State of the Union address last week, President Barack Obama dedicated a significant amount of time to the country’s failing infrastructure and proposed an initiative to bring the country’s highways and bridges back up to standard. Obama called his plan a “fix-it-first” program that would not only make the most needed repairs to […]

February 19, 2013

Business

Komatsu forecasts rebound of demand in China

Despite having seen sales in China fall for seven consecutive quarters, Komatsu President Kunio Noji told Bloomberg the company expects Chinese demand to increase between 5 and 10 percent in 2013. “Our company will see an immediate earnings improvement once demand recovers because we don’t have any excess stockpiles and are able to speed production,” […]

February 18, 2013

Business

Caterpillar names Tom Bluth VP of Mining Products

Caterpillar announced today that Tom Bluth will be moving from his post as vice president of the company’s Earthmoving Division to become vice president for Mining Products. Bluth replaces Luis De Leon, who left the company shortly after an accounting scheme was uncovered at Zhengzhou Siwei Mechanical & Electrical Manufacturing Co., a subsidiary of ERA Mining […]

February 15, 2013

Business

Terex Minerals Processing Systems unaffected by Terex roadbuilding sale to Fayat Group

More news today in the wake of Terex’s decision to sell certain Roadbuilding product lines to the Fayat Group.unit announced today that it would not be affected by the decision. A range of crushing equipment and wheeled plants are included in the Terex MPS lineup, which originally joined Terex as part of the company’s Cedarapids […]

February 14, 2013

Business

Transportation Sec. LaHood praises Obama’s focus on infrastructure in State of the Union

President Barack Obama spent a great deal of time discussing the sad state of American  infrastructure in his State of the Union address Tuesday night, saying that the structurally deficient nature of nearly 70,000 American bridges hurts the country’s chances at attracting business and creating new jobs. Just days before, U.S. Transportation Secretary Ray LaHood […]

February 14, 2013

Business

John Deere reports record first quarter income of $650 million

John Deere released its first quarter earnings report this morning, announcing a record $650 million in income as of January 31. That’s a whopping 21 percent increase over profits for the same quarter last year. The big gains in income are largely due to a 16 percent sales increase in Deere’s Agriculture and Turf division. […]

February 13, 2013

Business

Obama stresses importance of construction, infrastructure, skilled labor in State of the Union

In his State of the Union address Tuesday night, President Barack Obama stressed the great importance of construction, housing, infrastructure, manufacturing and energy in creating new jobs and aiding the ongoing recovery of the American economy. Obama spent several minutes of the address discussing the sad state of the country’s infrastructure, which he said is […]

February 12, 2013

Business

POLL: Are you optimistic about the construction industry in 2013?

There are plenty of people who get paid to make forecasts regarding how successful or unsuccessful our industry will be. We report on some of those forecasts and predictions right here. However, we wanted to see what you, the reader think about the year ahead. Answer in our poll below and tell us why you […]

February 12, 2013

Business

Trimble approves two-for-one stock split

Trimble’s Board of Directors have approved a two-for-one split of all outstanding shares of the company’s common stock. The record date for the stock split is expected to be Mar. 6, 2013 with new shares expected to be distributed on or about Mar. 20, 2013. Each shareholder on record at the end of the business day on […]

February 12, 2013

Business

Nonresidential construction index stagnates year-to-year, mixed outlook for 2013

The FMI Nonresidential Construction index rose to 58.1 in the first quarter of 2013, up 2.6 points from Q4 2012’s 55.6. The index sits at the same mark of 58.1 as one year ago, but up greatly from the 35.6 in Q1 2011. With the fiscal cliff and great political uncertainty of 2012 behind it, […]

February 12, 2013