Construction News

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.

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

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.

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.

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.

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.

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.

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

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.

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.

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

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.

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.

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

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.

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

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.

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.

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.

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