Construction News

Officials of Tesoro Corp. say they don't know when the refinery will be back on line. via KPUA-AM Hilo

The limestone grinding mill people of Oglebay Norton Co. are back knocking on Lorain's door. via The Morning Journal

“We are going to run the business as if this slowdown will continue through 2008 and into 2009.”

WCI Communities Inc. posted a net loss of $69.7 million, or a loss of $1.66 a share, in the quarter ended Sept. via News Press

“For Centex to get (the prison contracts), this had to happen.”

A company owned by the son of former House Speaker Jim Black won pest control contracts at the state's newest prisons, although competing bidders offered the same work at less than half of Black's price, ... via Wral.com

“These awards represent important contracts from two large, nationally-recognized and well-respected customers”

Kratos Defense and Security Solutions, Inc. , a leading national defense and security solutions provider, today announced that it has been awarded contracts from two leading national digital infrastructure ... via Freshnews

Beazer Homes USA said after the close on Monday that it's planning to take a $230 million fourth-quarter non-cash pre-tax charge to abandon land option contracts, to recognize inventory impairments and to ... via Market Watch

DAYTON, Ky. - City and Northern Kentucky officials will break ground at noon for Grant Park, a new development of 70 single-family homes priced from the $220,000 by Fischer Homes. via The Cincinnati Enquirer

“We are very grateful to the industry for candidly sharing hundreds of comments-these provided the feedback we needed to address all parties' concerns”

The American Institute of Architects today introduced its 2007 Update to AIA Contract Documents, which have defined the contractual relationships in the design and construction industry for 120 years. via The American Institute of Architects

“I've never had a problem with them”

Beazer Homes USA will delay paying subcontractors in at least one city where it builds homes, as the company struggles to ride out one of the most severe housing slumps in recent history.

The Observer obtained a letter dated Nov. 5 and signed by Beazer Nashville division President David Hughes, who said 'effective immediately' the company would hold up payments.

'It is unfortunate, but we cannot continue the prompt payments you have received in past years,' the letter stated.

It is unclear how this policy specifically differs from Beazer's previous payment schedule, and if it extends beyond Nashville. Read more

“We're very excited about these outstanding communities and pleased to be forging ahead with construction and new leadership”

Maplewood Homebuilders LLC, of Rahway, a joint venture between New Jersey real estate developer Glen Fishman and an entity affiliated with the hedge fund Plainfield Asset Management LLC, has entered the New ... via Courier News Online

“We are looking at adding new buildings in Columbus and perhaps outside the Columbus area as well.”

Raleigh Durham International Airport could be in the running to land an expansion or perhaps even the relocation of NetJets, a global operator of hundreds of small corporate jets. via Local Tech Wire

Close vote again signals companies need to work more closely with workforce BURNABY, BC, Nov. via Canada NewsWire

When times get tough, everyone looks for someone to blame, and for the housing industry, the glut of unsold homes must be the media's fault. via Palm Beach Post

“But that shouldn't be interpreted that we'll run out in two weeks, because that's not the case”

Storm damage hits gas supply Tesoro is uncertain when a refinery unit will again be able to produce The state's largest refinery said its lone gasoline-producing unit was damaged Sunday during a storm-related ... via Honolulu Star-Bulletin

“Specifically, BZH ended the year with a cash balance of $459.5 million, well above our estimate and company guidance of roughly $300 million”

Beazer Homes USA announced late Monday, Nov. 5, that it has suspended its quarterly dividend of $0.10 per share and cut its work force by 650, or 25%, in October to match lower demand and help preserve cash to ... via Tools of the Trade

“We believe that at current market prices, Aaon stock is substantially undervalued”

Production rises at plants in Tulsa and Longview, Texas. Aaon Inc.'s record sales pace continued in the third quarter, but the maker of rooftop heating and air-conditioning units faces an order backlog and ... via TulsaWorld.com - Business

Vulcan Materials Co. expects to close its acquisition of Florida Rock Industries Inc. via Greensboro Business Journal

“Demand continues to be unpredictable from week to week, and we saw an increase in defaults and cancellations during the third quarter”

Florida home builder WCI Communities Inc., which just announced a 575-worker layoff, swung to a deep loss in the third quarter as more potential buyers canceled orders for condominiums, sending revenue ... via HeraldTribune.com

“We'll know in three years if they'll be able to make it work”

Louisiana is offering International Paper Co. a state sales tax reduction that should cover most costs of converting its Bastrop mill from paper-making to pulp production, Louisiana Economic Development ... via MSNBC

“Fluor is delivering strong results and growth in 2007, and we expect these positive trends to continue throughout 2008”

Irving-based Fluor Corp. reported on Wednesday that its third-quarter profit more than tripled, but shares fell by the most in 20 months after results rose less than analysts expected. via Quick