Crude Awakening
Shell shares dipped into the red as it revealed the impact of navigating recent market volatility.
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Yahoo
11 minutes ago
- Yahoo
Tutor Perini nabs $1.87B NYC bus terminal job
This story was originally published on Construction Dive. To receive daily news and insights, subscribe to our free daily Construction Dive newsletter. Award: Bus terminal staging and storage facility and ramp Value: $1.87 billion Location: New York City Client: Port Authority of New York and New Jersey Tutor Perini has won a $1.87 billion guaranteed maximum price contract to construct the staging and storage facility and ramp structure components of the Midtown Bus Terminal Redevelopment in New York City, according to a June 30 news release from the Los Angeles-based company. The project is designed to replace the existing 75-year-old, functionally obsolete facility and to improve the commuter experience at the world's busiest bus terminal, per the release. When complete, the new station will include a new main terminal, a separate storage and staging building and new ramps leading into and out of the Lincoln Tunnel. The Port Authority of New York and New Jersey is funding the bulk of the construction costs. Tutor Perini's scope of work includes building a seven-floor steel-clad storage and staging facility, which will accommodate indoor storage for up to 350 buses and will serve as a temporary bus terminal during future construction of a new main bus terminal, per the release. The job entails the construction of the core and shell of the staging and storage facility, and Tutor Perini will procure the remainder of the components through a series of competitive bid processes closer to the time needed in order to reduce cost risk and ensure price certainty, per a Port Authority news release. The project scope also includes the construction of a ramp encompassing the block that will allow buses to move into and out of the above-grade bus levels of the replacement facility to and from the Lincoln Tunnel, according to the release. Overall, the project is expected to create approximately 6,000 union construction jobs, according to the project website. The Dyer Avenue deck-overs portion broke ground at the end of May. In August 2022, the Port Authority tapped Chicago-based A. Epstein & Sons International and London-headquartered Foster+Partners to design and engineer the new facility. AECOM Tishman is serving as construction manager for the Dyer Avenue deck-overs project, the New York City-based firm announced in January 2025. Tutor Perini expects to begin work in the fall, with completion of the currently scheduled and funded work anticipated in the fall of 2028. The overall project is expected to wrap in 2032. Recommended Reading $10B NYC Port Authority bus terminal moves forward
Bloomberg
15 minutes ago
- Bloomberg
Equities Hold Gains Ahead Close
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Caroline Hyde, Carol Massar and Tim Stenovec. (Source: Bloomberg)
Yahoo
20 minutes ago
- Yahoo
Trump's newest tariffs, Merck & Verona, X CEO resigns
Yahoo Finance's John Hyland recaps some of the top stories on Wall Street in under 60 seconds on this episode of Market Minute. President Trump has announced new country-specific tariff rates for Algeria, Libya, Iraq, and the Philippines. Merck (MRK) is buying Verona Pharma (VRNA) in a $10 billion deal. Linda Yaccarino is stepping down as CEO of X (formerly Twitter) after two years leading the social media platform owned by Elon Musk. Stay up to date on the latest market action, minute-by-minute, with Yahoo Finance's Market Minute. It's time for Yahoo! Finance's Market Minute. US stocks are trading in the green today as investors monitor the latest trade headlines out of Washington. President Trump said he would levy specific rates on goods from various countries, including a 30% rate on Algeria, Libya and Iraq, and a 20% rate on goods from the Philippines. Meanwhile, Merck announcing a $10 billion deal to buy biotech firm Verona Pharma, which sells a new lung disease drug that analysts expect to be a blockbuster. And Linda Yaccarino, who was hired two years ago by Elon Musk as the CEO of X, is stepping down. This comes three months after the social media platform was absorbed by Musk's AI startup. Over the course of her tenure, Yaccarino was tasked with reversing an advertiser exodus from the platform. And that's your Yahoo! Finance Market Minute. For more on what's trending on Yahoo! Finance, scan the QR code below to track the best and worst performing stocks of the trading session.
