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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.
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Hyundai Motor Co. Postpones Czech Factory
AHN
One of worlds 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...
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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.
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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.
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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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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
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
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
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
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
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
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
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
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
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
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
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 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 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
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
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
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
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
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
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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