×

Capital Goods Building Products

  • GENEVA— Cement maker LafargeHolcim says Jan Jenisch will become its new CEO following the departure of Eric Olsen amid fallout from its admission that it had struck deals with armed groups in Syria. He cited "strong tensions" facing the Swiss-French company following the admission in March that it had made deals with unspecified groups in Syria.

  • NEW YORK— Sears is fighting back against vendors that it says are taking advantage of the department store as it navigates a precarious financial situation. Sears CEO Eddie Lampert also blasted the vendor, One World, in a blog post. Sears Holdings' grousing with its vendor underscores the challenges ahead for the retailer.

  • A worker carries lumber as he builds a new home in Petaluma, California.

    New tariffs on Canadian lumber announced by the Trump Administration on Monday are nothing more than "a paper cut," Bob Wetenhall said.

  • A superintendent of the West Fraser Timber Co. sawmill, monitors logs on the production line at the company's facility in Quesnel, British Columbia, Canada.

    Bob Wetenhall, RBC Capital Markets, dives into the impact of the Canadian lumber tariff on homebuilders and other sectors.

  • Trucks deliver raw lumber yard at the Resolute Forest Products mill in Thunder Bay, Canada, Ontario. Resolute Forest Products, the largest mill east of the Rockies, sends 90 percent of lumber produced south to supply the demand for housing construction for the U.S.

    CNBC's Diana Olick reports on the projected effects on the U.S. housing sector from the new tariff on imported Canadian lumber.

  • 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...

  • 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...

  • Design for Amazon's new Seattle headquarters

    Amazon's new dome-shaped headquarters is bringing renewable energy to the work space.