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Dec 27, 2015
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Kobelco Construction Machinery and Kobelco Cranes announced plans to merge the businesses at the start of its new fiscal year in April 2016, reports Vertikal.net. Owner Kobe Steel separated out the crane business in 2004 after its Kobelco construction equipment business teamed up with Case New Holland to build excavators. It recently decided to re-merge
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Dec 27, 2015
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Alabama’s construction share of the gross state product during 2014 was higher than the national average. According to the National Association of Home Builders, Alabama’s construction share of gross state product was between 4 and 5 percent during 2014. According to a report from the National Association of Home Builders, the construction share of Alabama’s
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Dec 27, 2015
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High above East Memphis in early November, Memphis businessman Andy Cates delivered a presentation he titled “Memphis Rising,” showing that $2.4 billion worth of “major recreational, medical, educational, tourism, and lifestyle oriented projects” have either been recently completed or are in progress and will significantly affect the quality of life in Memphis. Had he
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Dec 26, 2015
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It’s hard to know just what constitutes naughty or nice in a survival scenario, where good and bad are blurred in the fight for continued existence. But Raptor Claus knows the difference. Improperly shaped for the traditional Santa costume but compensating well with the hat, sleigh and as-yet-uneaten reindeer, the Raptor is now visible
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Dec 26, 2015
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Rendering of Park Grove at 2701 S. Bayshore Dr. Miami-based luxury developer Related Group secured $359 million in construction loans for three projects under development in Miami and Fort Lauderdale. The company closed a $159.5 million loan Wednesday from an affiliate of Mack Real Estate Credit Strategies for its 50-condominium Park Grove development on 5.2
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Dec 25, 2015
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U.S. stocks closed higher Tuesday, helped by some stabilization in oil prices and recovery in hard-hit areas of the market this year. ( Tweet This ) The Dow Jones industrial average closed up about 166 points after earlier gaining nearly 200 points in afternoon trade. Contributing most to gains, Caterpillar closed up about 4.86
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Dec 23, 2015
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Parent Kobe Steel has announced that its Kobelco Construction Machinery and Kobelco Cranes subsidiaries will merge, effective April 1. The Kobelco construction equipment business spun off the crane business in 2004, after which the two companies focused on their individual global markets. Kobe Steel says it considers the merger “necessary to further strengthen its
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