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  • ZURICH, April 23- LafargeHolcim is close to announcing that its chief executive Eric Olsen is to step down following an internal investigation into activities at a former Lafarge cement plant in Syria, a source familiar with the matter said on Sunday. The cement maker in March said one of its cement plants probably paid protection money to armed groups in Syria...

  • At the headquarters of hand and power tool manufacturer Snap-on Inc., Trump signed an order that that asks the government to propose new rules and changes that will stop what he called abuses in a visa program used by U.S. technology companies. Trump chose to sign the directive at Snap-on Inc., based in Wisconsin, a state he narrowly carried in November on the...

  • JOHANNESBURG, April 2- South Africa's Competition Commission said on Sunday that it had asked the Competition Tribunal to fine construction materials group Afrimat for allegedly "abusing its dominance by charging excessive prices." "The Commission is seeking an order from the Tribunal declaring that Afrimat... must pay the maximum fine allowable by law which...

  • A contractor moves steel rebar while working on the construction site in New York.

    Citi Research says government infrastructure spending will rise 3 to 5 percent annually the next few years.

  • *China official PMI seen unchanged at 51.6 in March. *Data due on March 31 at 0100 GMT. BEIJING, March 29- Activity in China's vast manufacturing sector likely grew for an eighth straight month in March as a surprise rebound in the property market added to a construction boom, boosting sales of building materials from steel to cement, a Reuters poll showed.

  • ZURICH, March 2- LafargeHolcim said one of its cement plants probably paid protection money to armed groups in Syria to keep the factory running in the war-torn country. French prosecutors are also investigating the cement group's activities in Syria. A judicial source in France told Reuters prosecutors were looking into the company's comments and could...

  • MEXICO CITY, March 1- Mexico's Cemex, one of the world's largest cement producers, is open to providing quotes to supply the raw materials for U.S. Trump repeated on Tuesday a vow that he would soon start building a barrier along the nearly 2,000- mile U.S.- Mexico border to prevent illegal immigrants and drugs crossing north. The U.S. Customs and Border Protection...

  • LONDON, Feb 14- European shares were slightly weaker on Tuesday, poised to snap a five-day streak of gains, as corporate earnings season kicked into high gear across the region. German building materials company HeidelbergCement was among the worst performers, down 2.1 percent after it reported a 4 percent fall in fourth-quarter revenue, missing expectations...

  • SHANGHAI, Feb 9- Shanghai stocks closed at a two-month high on Thursday, getting a boost from glass and cement makers after the government signalled it would reduce overcapacity in the construction materials sector. Cao Xuefeng, head of research at Huaxi Securities in Chengdu, said regulatory signals to cut overcapacity among construction materials makers...

  • SHANGHAI, Feb 9- China stocks hit eight-week highs on Thursday, getting a boost from glass and cement makers after the government signalled it would reduce overcapacity in the construction materials sector. Hong Kong stocks hit four-month highs, with resources and industrial stocks among the best performers. State media reported on Wednesday that Xu Lejiang,...

  • *China industrial profits +8.5 pct 2016, +2.3 pct y/y in Dec. BEIJING, Jan 26- Profits for China's industrial firms rose the most in three years in 2016 as a construction boom fueled a rally in prices of building materials from steel to cement, giving companies more flexibility to start chipping away at a mountain of debt. Strong profit growth of 8.5 percent last...

  • BEIJING, Jan 25- Profits for China's industrial firms rose 8.5 percent in 2016, the most in three years, as a construction boom fueled a months-long rally in prices of building materials from steel to cement, giving companies more flexibility to start chipping away at a mountain of debt. Strong profit growth last year suggests there may be a solid pick-up in...

  • Jan 5- Stanley Black& Decker Inc, in its second big acquisition in three months, agreed to buy Sears Holdings Corp's Craftsman brand, giving the company known mainly for power tools an entry into the lawn and garden equipment market. Stanley B&D has spent about $3.4 billion on more than 30 acquisitions since it was created through the $4 billion all-stock merger of...

  • Jan 5- Stanley Black& Decker Inc said on Thursday it would buy Sears Holdings Corp's Craftsman tool brand for $900 million, strengthening its portfolio of hand and power tools. Struggling Sears, whose shares were up 10.8 percent at $11.48 before the bell, said in May it wanted to expand the business housing its Craftsman, Kenmore appliance and DieHard vehicle...

  • *Lone Star beat Bain, Apollo and Blackstone- sources. FRANKFURT, Dec 1- Private equity group PAI Partners and funds managed by Goldman Sachs' investment arm have agreed to sell Germany- based building materials maker Xella to buyout group Lone Star. The deal is expected to be completed in the first half of 2017, after Lone Star beat Bain Capital, Apollo and Blackstone...

  • *Boral agrees to buy Headwaters for $1.8 bln. *Announces $1.5 bln share issue to fund deal. SYDNEY, Nov 21- Boral Ltd, Australia's biggest supplier of building materials, said it would buy Headwaters Inc for $1.8 billion in cash, doubling its U.S. presence at a time when President-elect Donald Trump plans a huge jump in infrastructure spending.

  • NEW YORK, Nov 10- What better business pursuit for the daughter of a plumbing equipment supplier than bathroom design? Since 1978, Barbara Sallick and her husband, Robert, have run the luxury bath and kitchen design company Waterworks, headquartered in Danbury, Connecticut. Their son Peter is currently chief executive of the company, while Barbara Sallick just...

  • NEW YORK, Nov 10- What better business pursuit for the daughter of a plumbing equipment supplier than bathroom design? Since 1978, Barbara Sallick and her husband, Robert, have run the luxury bath and kitchen design company Waterworks, headquartered in Danbury, Connecticut. Their son Peter is currently chief executive of the company, while Barbara Sallick just...

  • WUPPERTAL, Germany, Nov 6- For more than 130 years, Knipex, a family-owned company in western Germany, has made pliers for craftsmen around the world. It shows how companies in Europe's biggest economy are increasing their efforts to adapt to a long-heralded shortage of people of working age now that an economic upturn has driven employment and vacancies to...

  • ZURICH, Nov 4- LafargeHolcim is upbeat about the prospects for the U.S. construction market as cost savings and price increases let the world's largest cement maker cushion the impact of weaker sales volumes during its third quarter, it said on Friday. Despite a 5 percent decline in cement volumes in the United States, the Swiss construction materials giant said...