Terex Ends Acquisition Talks with Zoomlion, Will Still Sell Port Business to Konecranes

With a self-imposed deadline looming, Terex Corp. has called off talks with Zoomlion Heavy Industry Science and Technology Co. for the China-based equipment maker to acquire the U.S.-based company. Terex had announced on May 16 that it would be selling its material-handling and port-solutions [MHPS] business to Finland-based Konecranes for $1.3 billion, and that deal is expected to close in January 2017. 

Source: New feed

Searching for the Construction Benefits of HoloLens

Mixed reality holograms are the buzz this month as Microsoft released HoloLens devices. Different than previous, completely virtual experiences, HoloLens combines holographic technology with actual reality to create an environment where at-scale holograms can be projected into physical environments. For those of us who live in actual space—and not just in the video game realm—this has huge impacts on our ability to design, construct, operate and improve projects. 

Source: New feed

US Infrastructure Experts Seek Ways to Shrink Funding Gap

Infrastructure boosters rallied for their cause earlier this month at a series of gatherings in Washington, D.C. and other U.S. locations to find ways to shrink the estimated $1.4-trillion funding gap to upgrade aging highways, bridges, water systems and other public works.

Source: New feed

Labor Dept. Raises Overtime-Pay Threshold

New federal overtime regulations are long overdue and will raise wages for millions of workers, the Obama administration says. But construction groups say the final rule, released on May 18, could have unintended consequences.
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Tightly Focused WRDA Bill Introduced in House

The drive for a new Water Resources Development Act (WRDA) is gaining momentum on Capitol Hill with the rollout of a $5-billion proposal in the House.
Source: New feed