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REAL TIME CONSTRUCTION FINANCIAL NEWS, ECONOMIC & REGULATORY NEWS. FROM FLEET & LOGISTICS NEWS TO INSURANCE, BONDING,  AND PAYROLL NEWS & ANALYTICS.

Keystone XL Pipeline Developers Seek $15 Billion In Recovery For Revocation Of Permits

Washington, D.C. - Developers of Keystone XL Pipeline are pursuing to obtain $15 billion in recovery for the revocation of the pipeline’s building permit. President Biden has cancelled the permit for the border-crossing project after construction had already begun.             TC Energy Corp. & TC Pipelines of Calgary, Alberta opened one of
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OSHA Suspends Vaccine Mandate

Washington, D.C. - The Occupational Safety and Health Administration has suspended implementation and enforcement of the Biden administration’s vaccine mandate for private employers after a federal court blocked the measure. The OSHA website page dedicated to the COVID Vaccine Emergency Temporary Standard (ETS) reads: “While OSHA remains
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McKinsey Partner Charged With Insider Trading And The Company’s Long List Of Past Corruption

New York, New York - McKinsey partner, Puneet Dikshit, has been charged with securities fraud for suspected insider trading ahead of Goldman Sachs' $2.2 billion acquisition of online loans business GreenSky. He is accused of utilizing privileged knowledge to generate a profit of more than $450,000.00. On Sept. 15, the GreenSky merger was
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Carpenters Union In Washington Approve Contract Agreement, Bringing An End To Strike That Slowed Construction Work. AGC To Comment this Morning

Seattle, Washington - Carpenters in the Seattle area have approved a new contract with their employers following a nearly three-week strike that slowed construction across the region and exposed divisions within the union's 12,000 members. The Northwest Carpenters Union reported Monday evening that its members voted in favor of the deal by a
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U.S. Architectural, Engineering & Construction Industry Payroll Segments: Biggest Gains In Pre-Construction as Lumber Futures Jump 15% This Week

Washington DC - The Payroll Report from the BLS was far from optimistic across the board undermining the theory if unemployment benefits were cut payrolls would rise. Although the Nation as a whole saw a report that was far less then predicted the AEC related segments show promise. Segments in the construction related indicators compiled by
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PROCORE PAID $500M For LEVELSET? What? Why? And What You Need To Consider. Lets take A look…

Carpinteria, California - (NYSE: PCOR) Like everyone else you are probably asking yourself: why would Procore pay $500M for LevelSet? Don't worry you are not alone and most likely it's not why you would think. LevelSet is a platform for managing lien notice of intents, placements and payment collection for the United States. The construction
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