The gauge has been above 50, the level separating expansion from contraction, since May. The median estimate of economists in a Bloomberg News survey was for a gain to 59.5. Residential construction was the strongest performing building sector last month, expanding at its fastest pace since November 2003, Markit said. The Bank of England has pledged to keep the http://www.ihireconstruction.com benchmark interest rate at a record low of 0.5 percent at least until the unemployment rate , now at 7.7 percent, drops to 7 percent, something it doesnt see happening until the end http://www.ihireconstruction.com of 2016. Money market rates show investors are betting on an earlier increase. Two-year gilt yields rose one basis point, or 0.01 percentage point, to 0.45 percent.
Santa Monica plane crash: Construction firm mourns loss of CEO, son
It specializes in reinforced concrete and steel. The Benjamins were believed to have been aboard the twin-engine Cessna Citation that flew in from Hailey, Idaho, Sunday evening. The jet, authorities said, lost control and veered off the runway, crashing into a hangar where it burst into flames. Two other passengers also died in the crash. Two cats and a dog were also pulled from the wreckage Tuesday. The victims identities have yet to be confirmed by Los Angeles County coroner’s officials, who will have to use dental records, officials said. Officials of the National Transportation Safety Board said Tuesday that their investigation into the crash had been suspended due to the federal government shutdown.
Primoris Subsidiary James Construction Group Announces New Contract Work Valued at over $100 Million
The blaze destroyed the hangar and did minor damage to two other buildings. “It was a total loss,” Fire Department spokeswoman Bridgett Lewis said. News helicopters showed all but the tail of the plane trapped under a collapsed section of the small building. Investigators could not immediately say whether anyone was inside the hangar at the time of the crash. A plume of smoke rising above the airport could be seen in the twilight sky over the neighborhoods surrounding the airport in the hours after the crash. After hearing a loud boom, several neighbors ran toward the airport and saw the fire. “It was very, very terrifying, it was sad to see just so much smoke, and the building collapse and the loud boom, you just put it all together and it’s scary,” witness Alyssa Lang told KABC-TV.
Markets close in 5 hrs 35 mins Primoris Subsidiary James Construction Group Announces New Contract Work Valued at over $100 Million Press Release: Primoris Services Corporation 2 hours 55 minutes ago -0.28 DALLAS–(BUSINESS WIRE)– Primoris Services Corporation (NASDAQ Global Select: PRIM) (Primoris or Company) today announced recent major contract awards totaling over $100 million. The new contracts and work authorizations were secured by James Construction Group, a Primoris subsidiary and part of the East Construction Services segment. James Construction Groups Industrial and Infrastructure/Maintenance groups teamed together to secure new contract work related to significant expansions at two industrial facilities in south Louisiana. The projects involve the construction of major new nitrogen and ammonia plants along with the relocation and erection of a methane reformer. All of the work should be substantially complete by the end of 2014.