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Aconex Signs $1.2 Billion Pact for Acquisition by Oracle

Tom Sawyer

December 20, 2017

California-based Oracle Corp. on Dec. 17 announced that it has entered into an agreement to buy Melbourne, Australia-based Aconex Ltd., a company that offers a cloud-based system for managing construction-team collaboration, for $7.80 per share in cash.

Utility Fire at Atlanta Airport Grounds About 1,400 Flights

December 20, 2017

A Sept. 17 fire in an underground Georgia Power utility tunnel knocked out power to Atlanta’s Hartsfield-Jackson International Airport, forcing the cancellation of more than 1,400 flights and stranding thousands of passengers in the terminal and aboard planes on the tarmac of the world’s busiest airport.

New Phase in U.S. Canada Lumber Trade Fight

Tom Ichniowski

December 20, 2017

The long trade battle over the pricing of Canadian softwood-lumber shipments to the U.S. has become more intense, after a U.S. trade panel’s Dec. 7 ruling that the exports have hurt domestic producers.

HITT Principals

Companies

Woman CEO Named at ENR Top 100 Contractor

Debra K. Rubin

December 20, 2017

Developer The Related Cos. hires Obama transportation officials to head new infrastructure investment arm

Companies

Energy Giants McDermott, CB&I Agree To $6-Billion Stock Swap Merger

Debra K. Rubin

December 20, 2017

Firms see $250 million in cost synergies, but their shares drop as market is cautious on the deal.

Safety and Health

Construction Jobsite Deaths Climb, Fatality Rate Holds Steady

Tom Ichniowski

December 19, 2017

Fatalities in private-sector construction were up 5%, to 991, last year, highest level since at least 2008.

Railroad Accidents

Probe Starts of Fatal Amtrak Derailment Near Seattle

Greg Aragon

December 19, 2017

Positive train control was not yet installed on the rail line.

Transportation

Soaring Costs for 55-km Bridge Linking Hong Kong to Mainland China

China's Ministry of Transport hikes estimate by $1.5 billion, to $6.4 billion

Saibal Dasgupta

December 18, 2017

Project will slice travel time from four hours by ferry now to one hour.

Risk Management

Litigation Funders See Big Future in US Construction

An opportunity to grow in an industry already busy with claims and legal conflict

Scott Van Voorhis

December 12, 2017

Should the costs of third-party lawsuit funding be recoverable, too?

Federal Spending

Averting Shutdown, Congress Approves New Stopgap Through Dec. 22

Tom Ichniowski

December 9, 2017

Two-week extension gives lawmakers more time to negotiate overall fiscal 2018 spending levels.

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