Finance - Articles - Page 66 | Engineering News-Record

Coronavirus and Construction

Update: Construction Tops Industries in Paycheck Protection Loan Volume

But SBA says all of the program's funding was exhausted by April 16

Tom Ichniowski

April 17, 2020

No Comments

Updated figures show construction companies received $44.9 million in PPP loans, more than any other industry.

Industry M&As Take COVID-19 Hit, But Deals Aren't Dead Yet

Debra K. Rubin

April 15, 2020

No Comments

Industry brokers say the virus has not cancelled transactions but has put the brakes on speed of completion, with valuation uncertainties; U.S. payroll loan could also complicate sales.

Energy, Power, Health Care Face COVID-19 Downgrades, Disruption

Mary B. Powers

April 15, 2020

No Comments

Energy majors, whose CEOs met with President Trump April 3 over falling prices, are among 300 firms in hard-hit sectors hit with ratings cuts, S&P Global Ratings said in an April 8 webinar.

Coronavirus and Construction

Update: After Senate Setback, Fate Of COVID Loan Program Unclear

Tom Ichniowski

April 9, 2020

No Comments

Schumer says a deal might be reached but McConnell, McCarthy continue to back PPP-only infusion.

Coronavirus and Construction

Treasury Eases Construction Firms' Path to COVID-19 Paycheck Protection Loans

New federal guidance changes earlier SBA rule

Tom Ichniowski

April 7, 2020

One Comment

Treasury's action responds to complaint from Associated General Contractors of America.

Financial Turmoil

AECOM and WSP Halt Talks to Create Megafirm, Sources Say

Value uncertainty created by COVID-19 pandemic is apparent reason

Debra K. Rubin

April 2, 2020

No Comments

Two giants won't confirm negotiations, but deal was close before COVID-19 projections, with talks that could pick up by summer, source says.

Financial Turmoil

Anticipating Possible Buyout Attempt, Fluor Announces Poison Pill

The company also cites the Covid-19 pandemic

Richard Korman

April 2, 2020

No Comments

Contractor outlines defensive measure against an unfriendly takeover bid.

Construction Eyes an Expected New Stimulus Bill

Tom Ichniowski

April 1, 2020

No Comments

The newly enacted $2-trillion stimulus package to ease the impact of the coronavirus outbreak has benefits for engineering and construction firms—and their client companies—through provisions for small-business loans and tax breaks, plus some funding.

Coronavirus and Construction