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FMI Index Reflects Uncertainty In Market

FMI, provider of management consulting and investment banking to the engineering and construction industry, announces the release of its Nonresidential Construction Index (NRCI) report for the third quarter of 2011.

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Komatsu Launches Complimentary Maintenance Program

Komatsu America Corp. now offers Komatsu CARE, a service and advanced product-support solution that comes standard with all construction-size Tier 4 Interim machines. Komatsu CARE can lower the cost of ownership whether it is rented, leased or purchased.

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Obama Demands Highway Bill

During a bus trip around the Midwest, President Obama urged Michigan factory workers to “tell Congress to get past their differences and send me a road construction bill,” along with pending free trade deals and other measures to help spur the economy and create jobs.

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U.S. Construction Machinery Exports Up 48 Percent

U.S. exports of construction equipment continued to grow in 2011 and ended the first half of the year up 48 percent compared to January-June of 2010.

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Housing Starts Down Slightly in July

Nationwide housing starts edged down 1.5 percent to a seasonally adjusted annual rate of 604,000 units in July, according to figures released by the U.S. Commerce Department. The slight decline comes on the heels of significant gains in housing production in June, and was attributable to a moderate drop-off on the single-family side while production of multifamily units continued upward.

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