construction

The investment is expected to create 8,000 jobs during construction and more than 900 permanent jobs upon completion. The company also expects the annual producton of iron ore concentrate for ArcelorMittal Mines Canada (AMMC) to i

ArcelorMittal (NYSE:MT), an integrated steel and mining company, today announced investing approximately $2.167 bln (C$2.1 bln) to expand its Mont-Wright mining complex, plus additional construction at Port-Cartier, Quebec, Canada

Economists had expected housing starts to climb to 520,000 in the month.

The report, however, still represented a 13.4% year-over-year drop from the 634,000 reported in March of 2010.

Homebuilding permits, a measure of future construction activity, increased at a seasonally adjusted rate of 11.2%, coming in at 594,000.

That number was also down significantly from March of last year, when 685,000 permits were filed.

U.S. builders started construction on 549,000 homes in March, a 7.2% seasonally adjusted increase from 512,000 in February, which was revised up from 479,000.

One of America's premier home-builders, KB Home (NYSE:KBH), reported a Q1 loss today of $1.49 per share, a much wider loss than the expected $0.27 per share.

Credit Suisse has revised down its U.S. GDP forecasts for the first half of 2011. The firm now expects 2.5% real GDP growth in Q1, down from its previous forecast of 3.5%. Its Q2 forecast was also revised down to 3.3% from 3.7%. H

The four-line, $300 million plant is scheduled to begin production in the second half of 2012 and will produce 250 MW of thin-film solar modules per year, with the ability to expand further.

The factory will include a recycling plant through which up to 90% of a module's semiconductor materials and glass, by weight, is recovered for use in new solar modules and glass products.

The plant will employ 600 associates.

First Solar Inc (NASDAQ:FSLR) began construction today on its photovoltaic module manufacturing plant in the Dong Nam Industrial Park near Ho Chi Minh City, Vietnam.

Stuart Miller, President and Chief Executive Officer of Lennar Corporation, said, "We are pleased to report EPS of $0.14 for our first fiscal quarter of 2011, making this our fourth consecutive quarter of profitability. We were ab

Lennar Corporation (NYSE:LEN) reported Q1 EPS of $0.14, vs. the consensus estimate for a $0.05 per share loss. Revenue for the quarter was down 2.3% year-over-year to $558 million, beating the consensus estimate for $508 million.

The project for the new Cooper Medical School of Rowan University includes providing electrical power distribution, all interior and exterior lighting, telecommunications, life safety, audio-visual and security for the 200,000 squ

Construction is expected to start in the next few months.

WPCS International (WPCS) announced today that it has been awarded a $13.7 million contract by the Camden County Improvement Authority (CCIA).

The project, which is in its final design stage, is expected to break ground in spring of 2011. It is anticipated to open in late summer of 2012.

According to the resort company, the hotel will feature 240 luxury rooms, a number of suites, a pool and fitness area, a full-service restaurant, gift shop and a larger dedicated bingo facility, as well as other amenities.

Full House Resorts (FLL) today announced that the FireKeepers Development Authority will construct a 240-room resort-style hotel on the FireKeepers Casino site.

In contrast, Q1 2010 saw net income of $236.2 million, or $2.97 per diluted share, on revenues of $319.6 million. The mean analyst estimate was for a Q1 2011 loss of $0.61a share.

The homebuilding company saw a 13% decrease in net contracts from the prior year to 792 homes in the quarter.

Ara K.

Hovnanian Enterprises (NYSE:HOV) reported Q1 2011 earnings Tuesday following the closing bell with a net loss of $64.1 million, or $0.82 per share, on revenues of $252.6 million.