Acquisition transactions in the engineering sector last year had a double-digit falloff to the lowest level since 2013 and the sharpest decline rate since the recession, according to a new analysis by one sector consultant and deal broker.
Three California utilities would spend a total of $1 billion building electric-vehicle infrastructure under plans submitted on Jan. 20 to the state Public Utilities Commission.
A federal probe into the July 2016 crane collapse at the Tappan Zee Bridge
replacement project, near New York City, faults the contracting team for numerous safety violations, resulting in a $12,675 fine from the U.S. Occupational Health and Safety Administration on Jan. 18.
Officials at BP’s U.S. Lower 48 business unit say they will relocate the multinational energy company’s headquarters to Denver from Houston, with the move expected to be complete in early 2018.