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Big rise in core inflation spooks Wall Street
YAHOO
Reuters - A big jump in energy costs pushed consumer prices up sharply last month, while rising rents led to a surprisingly steep gain in core prices, according to a government report on Wednesday that spooked financial markets.
Construction News
Hyundai Motor Co. Postpones Czech Factory
AHN
One of world’s leading car manufacturer, Hyundai Motor Co., is indefinitely postponing construction of a car factory in the Czech Republic, according to reports. UPI notes that despite a delay in breaking ground, Hyundai said...
Construction News
April housing starts, permits drop
YAHOO
Reuters - The pace of U.S. housing construction slowed in April for the third month running as groundbreaking on both single-family and multifamily homes dropped, the government said on Tuesday in a report signaling more moderation in the market.
Construction News
Home Depot posts higher quarterly profit
YAHOO
Reuters - Home Depot Inc. , the world's largest home improvement retailer, on Tuesday reported higher quarterly profit, aided by the recent acquisition of construction materials provider Hughes Supply.
Construction News
Lafarge Q1 sales surge on buoyant construction
YAHOO
Reuters - Lafarge , the world's biggest cement maker, posted a better-than-expected 28.1 percent rise in first-quarter sales on Tuesday, helped by higher selling prices and better weather conditions for construction work.
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Construction News Consumer Confidence Highest in 4 Years
YAHOO
AP - Consumers shrugged off higher gasoline prices in April and sent a widely watched barometer of consumer confidence to its highest level in almost four years, a private research group said Tuesday.
Sources: YAHOO
Construction News Ingersoll-Rand Q1 profit rises
YAHOO
Reuters - Diversified conglomerate Ingersoll-Rand Co. Ltd. on Friday said its first-quarter profit rose 13.5 percent on demand for small construction equipment and security technology, and raised its full-year forecast.
Sources: YAHOO
Construction News March housing starts, permits decline
YAHOO
Reuters - The pace of U.S. housing construction slowed more than expected in March as both the rate of starts and permits declined to their lowest levels in a year, the government said on Tuesday in a report suggesting further cooling in the market.
Sources: YAHOO
Construction News Chinese Bank Denies Talks With Bear Stearns
AHN
China Construction Bank Corp., one of the country's largest state banks, denied a newspaper report on Monday that it is in early talks with Bear Stearns Cos. that could lead to it taking a minority stake in the Wall Street investment bank....
Sources: AHN
Construction News Chinese bank denies in talks on Bear Stearns stake
YAHOO
Reuters - China Construction Bank Corp. (0939.HK), one of the country's largest state banks, denied on Monday a newspaper report it is in early talks with Bear Stearns Cos. that could lead to its taking a minority stake in the Wall Street securities firm.
Sources: YAHOO
Construction News Singapore Going Underground To Boost Economy
AHN
Singapore announced it would create underground rock caverns on Jurong Island to house and support its ever-expanding chemicals and petrochemicals operations. According to Channel News Asia, construction is set to commence...
Sources: AHN
Construction News H&R Block Reports Gains in Tax Clients
YAHOO
AP - H&R Block Inc. said it saw a 5.4 percent increase in the number of income tax customers during the second half of March, and estimated 30 percent of taxpayers had yet to file their income tax forms for the year.
Sources: YAHOO
Construction News World Bank Withholds Paper Mill Money
AHN
Hector Duarte Jr. - AHN Staff Reporter Montevideo, Uruguay (AHN) – The World Bank will withhold $400 million for the construction of two controversial Uruguayan paper mills. It says it will do so to allow further investigation into the potential environmental impact the facilities will...
Sources: AHN
Construction News Shaw Group second-quarter net income soars
YAHOO
Reuters - Engineering and construction company Shaw Group Inc. on Monday said its profit for the fiscal second quarter nearly tripled on strength across sectors, particularly environmental and infrastructure.
Sources: YAHOO
Construction News Ferrovial Offer Rejected By BAA
AHN
UK airports group BAA rejects a £8.75bn ($15.2bn) bid from Spanish construction group Ferrovial. In a statement, BAA said the offer was "at the same price that the board has already emphatically rejected as not beginning to reflect the true...
Sources: AHN
Construction News US jobless claims fall unexpectedly last week
YAHOO
Reuters - New claims for U.S. jobless aid unexpectedly fell 5,000 last week and longer-term unemployment slid in late March to its lowest level in more than five years, a government report showed on Thursday.
Sources: YAHOO
Construction News Manufacturing survey softens, construction jumps
YAHOO
Reuters - U.S. manufacturing growth moderated in March and February data released on Monday showed an unexpectedly large spike in construction spending but a drop in pending home sales.
Sources: YAHOO
Construction News Construction Spending Hits Record in Feb.
YAHOO
AP - Construction spending rose to a record level in February as home building hit an all-time high despite a weakening in home sales, the government said Monday.
Sources: YAHOO
Construction News Construction spending jumps 0.8 percent in Feb
YAHOO
Reuters - U.S. construction spending rose 0.8 percent in February, double expectations, as private residential spending surged 1.3 percent to a record high, offsetting a drop in public construction, a government report showed on Monday.
Sources: YAHOO
Construction News Home Depot completes Hughes Supply acquisition
YAHOO
Reuters - Home Depot Inc. on Friday said it had completed its $3.2 billion acquisition of construction materials supplier Hughes Supply Inc. , stepping up the home improvement retailer's move into professional markets.
Sources: YAHOO
Construction News Nokia looks to firm place in networks league: report
YAHOO
Reuters - Nokia aims to be the clear number two in the construction of mobile telecommunication networks behind Ericsson , a senior executive was quoted as saying on Saturday.
Sources: YAHOO
Construction News Chairs sold at Wal-Mart recalled after injuries
YAHOO
Reuters - Wal-Mart Stores Inc. is recalling about 643,000 rocking chairs after reports that poor construction and over-curvature of the their runners caused 45 injuries, U.S. regulators said.
Sources: YAHOO
Construction News Housing starts, permits dip; still strong
YAHOO
Reuters - The pace of U.S. housing construction slowed in February as permits, starts and completions fell, the government said on Thursday in a report pointing to moderation after a five-year rally in the housing market.
Sources: YAHOO
Construction News Housing Slowdown Ripples Through Economy
YAHOO
AP - The five-year housing boom is indeed over, judging from growing statistical evidence and the performance of some of the nation's leading builders, and the slowdown is already rippling through the economy.
Sources: YAHOO
Construction News Housing starts near 33-year high
YAHOO
Reuters - Construction of homes in the United States soared in January to the highest in nearly 33 years thanks to mild winter weather, the government said on Thursday in a report showing unexpected strength in housing.
Sources: YAHOO
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