All Business & Finance Articles

Terex given EU clearance for Demag Cranes buyout
Terex Corporation has received clearance from the European Union (EU) to complete its purchase of Demag Cranes AG. The approval from the EU represented the final condition before the deal could be closed, probably next week, said Terex
Veidekke construction earnings decline
Pressure on profitability and a project impairment impact Scandinavian contractor’s results
Bangladesh receives energy boost
US$ 300 million loan from Asian Development Bank will fund new gas-fired power plant and solar project
Bilfinger Berger profits up on Valemus sale
Solid first half results lead to positive forecast for full-year revenue and earnings figures
MFL Group acquires SBM Mineral Processing
MFL has acquired a majority holding in SBM Mineral Processing
Lifterz orders 80 new machines for new depot
UK access rental specialist Lifterz Ltd, based in Yorkshire has placed orders for about 80 new platforms to provide additional fleet for its new depot opening in Haydock, Lancashire. Orders have been placed with Skyjack, Snorkel, Holland Lift, Niftylift and Iteco
Upbeat forecast for German construction
VDMA predicts over 10% increase in total German construction industry sales in 2011
Caterpillar recalls engines
Caterpillar to pay out US$ 2.5 million fine to US Environmental Protection Agency for alleged emissions violations
Concrete testing company indicted for fake reports
New York prosecutors accuse testing company and five engineers of lying to authorities for 12 years
Snorkel ends distribution agreement with Bielefeld
Snorkel has terminated its distribution arrangement with Hubarbeitsbuehnen Bielefeld GmbH in Germany, with immediate effect. Bielefeld will no longer have any rights to represent the Snorkel brand.
Larsen & Toubro profits rise
Second quarter results boosted by growth in Indian economy, but momentum is slowing
Tutor Perini first half income drops
US contractor lowers full-year forecast as reduced levels of new work impact results
Jumbo targets Germany and Brazil
Netherlands-based heavy lift shipping and offshore installation company Jumbo has appointed an agent in Brazil and set up an office in Germany
Lifterz orders 80 new machines for new depot
UK access rental specialist Lifterz Ltd, based in Yorkshire has placed orders for about 80 new platforms to provide additional fleet for its new depot opening in Haydock, Lancashire. Orders have been placed with Skyjack, Snorkel, Holland Lift, Niftylift and Iteco
Hyundai Heavy to build factory in Brazil
South Korean manufacturer targets Latin American market with US$ 150 million investment
Porr in € 700 million contract wins
Deutsche Bahn awards Porr and Porr-led consortium rail and tunnel projects
UK hit by public spending cuts
Survey shows government cuts announced last autumn finally impacting as feared.
NCC acquisition shock
Proposed acquisition of Destia asphalt paving operation opposed by competition authority.
European contractors win re-awarded A2 work
Completion due in October 2012, but road due to be 'trafficable' in time for Euro 2012 football championship.
Fluor growth accelerates
Revenues and profits rise, while large mine development contract wins take backlog to a record US$ 40.3 billion.
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