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Ferrovial Awarded $1.2 Bln In Construction And Maintenance Contracts In US And Canada
(RTTNews) - Infrastructure company Ferrovial SE (FRRVY.PK, FRRVF.PK) announced Friday that through its construction subsidiary Webber, it was awarded nine new contracts totaling $1.2 billion for construction and maintenance projects in the U.S. and Canada. The work includes roadway improvements, bridge construction, expansion of water treatment plants, and road maintenance.
Ferrovial secured its first contract in Tennessee, expanding its presence in the U.S., the company's largest market.
Ferrovial acquired Houston-based construction company Webber in 2005. Over the past 20 years, the company has grown to improve roads, bridges and water infrastructure across more than 10 states in the U.S.
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U.S. Consumer Sentiment Rebounds Much More Than Expected In December
Preliminary data released by the University of Michigan on Friday showed consumer sentiment in the U.S. has improved much more than anticipated in the month of December. The University of Michigan said its consumer sentiment index climbed to 53.3 in December from 51.0 in November. Economists had expected the consumer sentiment index to rise to 52.0.
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U.S. Consumer Prices Increase In Line With Estimates In September
A long-delayed report released by the Commerce Department on Friday showed consumer prices in the U.S. increased in line with economist estimates in the month of September. The Commerce Department said its personal consumption expenditures (PCE) price index climbed by 0.3 percent in September, matching the growth seen in August along with economist estimates.
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EU Fines X 120 Mln Euros For Breaching Transparency Obligations Under DSA
The European Commission on Friday has issued a fine of 120 million euros to Elon Musk's social media platform X for breaching its transparency obligations under the Digital Services Act. The breaches include the deceptive design of its 'blue checkmark', the lack of transparency of its advertising repository, and the failure to provide access to public data for researchers.
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Warner Bros. To Be Bought By Netflix In $72 Bln Equity Deal
In a merger of majors, streaming video firm Netflix, Inc. is acquiring media and entertainment giant Warner Bros. Discovery, Inc. for a total enterprise value of approximately $82.7 billion, or an equity value of $72.0 billion. The move follows the planned separation of Warner Bros. Discovery's Global Networks division into a new publicly-traded company. In the pre-market activity, Netflix shares
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EU Secures TikTok's Commitments On Ad Transparency As Per DSA
The European Commission announced Friday that it has secured TikTok's commitment to provide advertising repositories that ensure full transparency around ads on its services, as required by the Digital Services Act. The agency launched the probe in February 2024 after it found the China-based ByteDance's video platform's algorithmic system may stimulate behavioral addictions.
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Bay Street May Extend Gains; Canadian Jobs Data, US PCE Reading In Focus
Canadian stocks may move higher on Friday, tracking firm gold and silver prices. Canadian jobs data and U.S. PCE reading may also play a key role in setting the trend.
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FTSE 100 Up Marginally; 3i Group, Melrose Move Up 3%
The U.K. stock market gained marginal ground in positive territory Friday morning as investors picked up stocks, expecting an interest rate cut by the Federal Reserve next week.
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CAC 40 Advances For 3rd Straight Session
France's CAC 40 climbed higher on Friday, extending gains to a third straight session, amid rising hopes the Federal Reserve will lower interest rate by 25 basis points next week.
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