Finance - Articles - Page 87 | Engineering News-Record

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

April 15, 2020

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

Surveys: Hundreds of Design Professionals See Big COVID-19 Business Impacts

Bruce Buckley

Debra K. Rubin

March 28, 2020

One Comment

AIA, ACEC, ASCE analyses find professionals expect decline in new work but chance to reboot, while CEOs see 5% to 20% revenue impact in 2020.

UK Offers COVID-19 Financial Cushion to Firms, Workers

Peter Reina

March 27, 2020

No Comments

Government delays tax payments and offers corporate loans and small business cash grants while extending employee stipends to self-employed workers.

Economists Expect Steep Dip in GDP, Construction Markets Due to COVID-19

Alisa Zevin

March 26, 2020

No Comments

While construction impacts may be less in the short term than other industries, experts say there's more long-term risk that future projects will be slower to move forward.