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Construction News

Construction news continually updated from thousands of sources around the net.

2 hrs ago | Penticton Herald

Hershey may make US$17-billion bid for Cadbury, topping Kraft, Journal reports

Hershey Co. may make a US$17-billion bid for UK candy company Cadbury PLC, topping the recent $16.5-billion hostile offer by Kraft Foods Inc., the Wall Street Journal reports Friday.

Comment?

Related Topix: Hershey, PA, Food, Hershey Foods, Kraft Foods, Warren Buffett, Berkshire Hathaway, Insurance, Investment Services

Fri Nov 20, 2009

ClipSyndicate

U.S. Stocks Fall as Dell, D.R. Horton Trailed Estimates: Video

Nov. 20 -- Bloomberg's Michele Steele reports on the performance of the U.S. equity market today.

Comment?

Related Topix: Horton D R, Financial Markets, Business News, Video

Bloomberg Business News

Housing Recovery in U.S. Is Set Back to 2010 With Market on `Life Support'

A recovery in U.S. housing will have to wait at least until next year. The outlook for the home market dimmed this week as residential construction and mortgage applications fell and loan delinquencies reached a record.

Comment?

Related Topix: Home, Mortgage, Personal Finance, Housing, Toll Brothers, Walnut Creek, CA, Foreclosures

WNED.org

D.R. Horton results miss estimates, shares drop

2 U.S. homebuilder, reported a much larger-than-expected quarterly loss on Friday, sending its shares down nearly 7 percent even though it also said orders increased.

Comment?

Related Topix: Horton D R

Reuters

Futures point lower after Dell, D.R. Horton results

U.S. stock index futures pointed to a lower open on Friday after worse-than-expected quarterly results from computer maker Dell and homebuilder D.R. Horton underscored that the road to recovery would not be smooth.

Comment?

Related Topix: Horton D R, Computers, Dell

ABC News - Brian Ross

D.R. Horton Fiscal 4th-Quarter Loss Narrows

FILE - In this May 7, 2009 file photo, homes built by D.R. Horton Inc. are shown in Cahndler,... FILE - In this May 7, 2009 file photo, homes built by D.R. Horton Inc.

Comment?

Related Topix: Horton D R

International Business Times

Stocks dip as tech outlook and housing take toll

U.S. stocks broke three days of gains on Wednesday following worrisome outlooks from two major software makers and a surprising drop in home construction last month.

Comment?

Related Topix: Financial Markets, Autodesk, Computer-Aided Design, Manufacturing and Engineering, Software, Startups, Salesforce.com, Pulte

Thu Nov 19, 2009

The Seattle Times

Sector Snap: Homebuilders follow Pulte higher

Shares of most homebuilders were mixed in Wednesday trading after two reports gave weak readings on the current housing market.

Comment?

Related Topix: Pulte, Financial Markets, Home, Mortgage

ABC News

Buffett's Berkshire Secures $8B Loan for BNSF Deal

Warren Buffett's company has lined up an $8 billion loan to help pay for its $26.3 billion acquisition of Burlington Northern Santa Fe Corp.

Comment?

Related Topix: Berkshire Hathaway, Insurance, Warren Buffett, Railroads, Burlington Northern Santa Fe, Investment Services

KOTA Television

Champion says Neb. workers safe in restructuring

Manufactured home and modular building maker Champion Enterprises Inc. says it is not planning any layoffs at its York, Neb., plant as part of its restructuring.

Comment?

Related Topix: Champion Enterprises, York, NE, Economics News, Bankruptcy

The Victoria Star

Dwindled demand causes Tembec to hit rock bottom

Tembec Inc. expects a gradual improvement in its financial performance after dwindled demand caused the forestry company to hit rock bottom.

Comment?

Related Topix: Tasty Baking, Food, Agriculture

MarketWatch

Goldman apologizes, offers small businesses help

Goldman Sachs said late Tuesday that it would provide $500 million to support small businesses, hours after its CEO Lloyd Blankfein apologized for the group's role in the global financial crisis.

Comment?

Related Topix: Investment Banking, Financial Services, Goldman Sachs Group, Investment Services, Small Business, Personal Finance, Warren Buffett, Berkshire Hathaway, Insurance

KTLA-TV Los Angeles

Shares of Jacobs Engineering slide as backlog shrinks, 2010 outlook short of Wall Street view

Jacobs Engineering Inc. shares were one of the biggest percentage decliners on the New York Stock Exchange Tuesday after the company said its backlog was shrinking and issued profit guidance for fiscal 2010 that was short of analysts' expectations.

Comment?

Related Topix: Jacobs Engineering Group, Pasadena, CA

Wed Nov 18, 2009

ClipSyndicate

Upgrades: Pulte Homes, Smith International

This morning, Citigroup upgraded shares of Pulte Homes from Hold to Buy as the stock has underperformed the sector lately.

Comment?

Related Topix: Pulte, Video, Real Estate

Fairbanks Daily News-Miner

Former Alaska lawmaker Kott wants corruption conviction dismissed

A lawyer for a former state lawmaker argued Tuesday that his client's corruption conviction should be thrown out because the same federal prosecutors in former U.S. Sen.

Comment?

Related Topix: US Politics, Ted Stevens, US News, US Senate, Republican, Juneau, AK, Federal Prisons, Prison

1010Wins

New Jersey Man Dies in Hudson River Dam Accident

Two General Electric contractors were thrown into the Hudson River after their boat went over an upstate dam, killing one of them.

Comment?

Related Topix: Boat Disaster, Architecture, URS Corporation, Lambertville, NJ

News-Star

Shaw awarded contract by Defense Department

BATON ROUGE - The Shaw Group Inc. announced it has been awarded a five-year Indefinite Delivery/Indefinite Quantity Multiple Award Construction Contract by the U.S. Department of Defense for construction services at Naval Facilities Engineering Command installations throughout California, Arizona, Nevada, New Mexico, Utah and Colorado.

Comment?

Related Topix: Shaw Group

The Detroit News

Kilpatrick loan was going to be $300,000

Detroit -- A fifth Metro Detroit businessman was once considered part of a plan to loan former Mayor Kwame Kilpatrick money after he resigned and got out of jail.

Comment?

Related Topix: Detroit, MI, Detroit Metro, Wayne County, MI, Auto Dealers, Compuware, Retail, Software

Tue Nov 17, 2009

9NEWS

Energy Dept. walks the walk with smart building

Homes and office buildings consume three-quarters of U.S. electricity, and the National Renewable Energy Laboratory wants to lower that figure by erecting what it believes will be the largest "net-zero" energy building in the world - one that produces as much power onsite as it uses.

Comment?

Related Topix: Department of Energy, Denver Metro

Fox News

Jacobs Engineering Falls On Soft Results

Shares of Jacobs Engineering tumbled more than 11% Tuesday morning amid disappointment with the construction services firm's quarterly results and outlook.

Comment?

Related Topix: Jacobs Engineering Group, Pasadena, CA, Business News

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