Latest Construction contractors News

Audit finds troopers lax in monitoring access to Capitol

Oct. 19, 2021 16:09 PM EDT

BISMARCK, N.D. (AP) — The North Dakota Highway Patrol says it is working to improve security measures after an audit released Tuesday found key card access to the building hasn’t been adequately monitored. The audit found that 13 state employees who had been...

Man accused in co-worker deaths tells deputies he was raped

Oct. 04, 2021 16:27 PM EDT

DAVENPORT, Fla. (AP) — An electrician accused of killing three co-workers on assignment in central Florida told detectives he did it because his colleagues had raped him, but a Florida sheriff on Monday said there was no evidence to support the claim. Shaun Runyon, 39,...

Inflation forces homebuilders to take it slow, raise prices

Sep. 23, 2021 14:20 PM EDT

LOS ANGELES (AP) — Even in the hottest U.S. housing market in more than a decade, new home construction has turned into a frustratingly uncertain and costly proposition for many homebuilders. Rising costs and shortages of building materials and labor are rippling across...

Chinese builder in debt jam says it will make bond payment

Sep. 22, 2021 06:59 AM EDT

BEIJING (AP) — A Chinese real estate developer whose struggle to avoid defaulting on billions of dollars of debt has rattled global markets says it will pay interest due Thursday to bondholders in China but gave no sign of plans to pay on a separate bond abroad. The...

EXPLAINER: Chinese builder’s debt struggle rattles investors

Sep. 21, 2021 16:15 PM EDT

BEIJING (AP) — Global investors are watching nervously as one of China’s biggest real estate developers struggles to avoid defaulting on tens of billions of dollars of debt, fueling fears of possible wider shock waves for the financial system. Chinese regulators have...

Chinese property developer's debt struggle rattles investors

Sep. 15, 2021 05:06 AM EDT

BEIJING (AP) — One of China’s biggest real estate developers is struggling to avoid defaulting on billions of dollars of debt, prompting concern about a broader economic fallout and protests by buyers of unfinished apartments. Evergrande Group appears likely to be...

After Ida, small businesses face uncertainty on many fronts

Sep. 09, 2021 12:17 PM EDT

NEW YORK (AP) — A week or more after Ida, business owners from Louisiana to Connecticut are still adding up the financial losses and assessing the physical and emotional toll, grappling to find a way forward. Many say it’s difficult to figure out the future when...

Shortages of supplies and workers will delay Gulf rebuilding

Sep. 06, 2021 10:05 AM EDT

Joe Sobol, owner of Big Easy Construction in New Orleans, has bad news for homeowners who've been calling about roofs damaged by Hurricane Ida or to get an update on renovations that were scheduled before the storm ripped through the area. The job will cost a lot more...

Failed nuclear contractor signs $21M deal, working with feds

Aug. 30, 2021 12:40 PM EDT

The chief contractor at a failed multibillion-dollar project to build two nuclear reactors in South Carolina has agreed to pay more than $20 million as part of a cooperation agreement with federal authorities probing the fiasco. Under an agreement announced Monday by...

Editorial Roundup: Iowa

Aug. 30, 2021 10:14 AM EDT

Quad-City Times. Aug. 29, 2021. Editorial: Flood plan a good start For decades, the Mississippi River has all too often flooded downtown Davenport and other parts of the city, in many cases inflicting disastrous results. Some of...