By Amina Niasse NEW YORK (Reuters) – While the increase in interest rates engineered by the Federal Reserve over the last two years put a damper on the overall U.S. housing market, it took a sledge hammer to home flippers from small contractors to reality TV stars. Just ask Tarek El Moussa, star of HGTV’s […]
Tag: Contractors
US home flipping malaise pinches reality TV stars to contractors
By Amina Niasse NEW YORK, March 23 (Reuters) – While the increase in interest rates engineered by the Federal Reserve over the last two years put a damper on the overall U.S. housing market, it took a sledge hammer to home flippers from small contractors to reality TV stars. Just ask Tarek El Moussa, star […]
Contractors paid $135k to remodel a Miami house disappeared after demolition, cops say
A Doral contracting couple who got half their $270,000 up front for a Miami home renovation disappeared after doing only the demolition part of the job, Miami police say. Then again, checking Florida Department of Business and Professional Regulation online records shows neither Luis Arvelo Teran nor Maria Rosales Solorzano were qualified to finish the […]
Full report details LANL contractor’s worker safety problems
Mar. 6—The full 2023 evaluation of Los Alamos National Laboratory’s primary contractor describes in more depth how worker safety incidents increased in severity that year, with one employee severing a fingertip, even though the contractor received the highest score in its tenure at the lab. The redacted report elaborates on the strengths and weaknesses of […]
Former interns, contractors of Rural Export Center demand director be reinstated
Feb. 10—FARGO — Nearly two dozen contract workers and interns who formerly worked at the Rural Export Center in Fargo are demanding in a letter that federal officials reinstate Heather Ranck as the center’s director. Ranck was placed on administrative leave in late June of 2023, and she remains on leave while she waits to […]
70 New York public housing employees took bribes from contractors, US alleges
By Jonathan Allen NEW YORK (Reuters) – Federal prosecutors charged 70 current and former employees of the New York City Housing Authority, the largest public housing agency in North America, on Tuesday with taking bribes in exchange for awarding no-bid contracts. Damian Williams, the U.S. attorney in Manhattan, called it “the largest single-day bribery takedown” […]
Video shows wild horses in Nevada roped, dragged by government contractors
LAS VEGAS (KLAS) — Video obtained by the 8 News Now Investigators shows wild horses being roped and dragged by contractors whom the federal government hired. The wild horses were being captured during a federal roundup in northern Nevada led by the Bureau of Land Management. The BLM began the East Pershing Wild Horse Gather […]
Biden administration announces steps to prohibit use of salary history for federal employees, contractors
The Biden administration announced on Monday two new steps to prohibit the use of salary history for federal employees and federal contractors. For federal workers, the Office of Personnel Management (OPM) announced a new regulation for agencies that will prohibit the use of salary history in setting pay for roles in the government. For federal […]
Lockheed Martin Eases, RTX Surges On Results; Views Mixed For Defense Contractors
Defense companies roll out earnings this week as conflict in the Middle East threatens to expand and the war in Ukraine rages on. RTX (RTX) jumped on results early Tuesday. Lockheed Martin inched lower after its report. Textron (TXT) reports Wednesday followed by Hexcel (HXL) Thursday. Booz Allen Hamilton (BAH) announces Q3 results Friday. X […]