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Capital Goods Building Products

  • BUFFALO, N.Y. _ Gibraltar Industries Inc. on Friday reported a fourth-quarter loss of $7.8 million, after reporting a profit in the same period a year earlier. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 25 cents per share. For the current quarter ending in April, Gibraltar Industries expects its per-share...

  • 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...

  • WASHINGTON, Nov 2- China's GD Midea Air Conditioning Equipment Ltd is recalling about 4.3 million dehumidifiers after they caused a reported $4.8 million in damage from overheating and catching fire, the U.S. Consumer Product Safety Commission said on Wednesday. The unit of appliance mader Midea Group Co Ltd has received 38 reports of smoke and fire, with about...

  • LONDON, Nov 2- Growth in Britain's construction industry hit a seven-month high in October as housebuilding rose, but slowing order books and soaring prices for building materials darkened the outlook, a survey showed on Wednesday. "The downturn in the construction sector continued to ease in October, but it would be premature to conclude that the sector is back...

  • LONDON, Nov 2- Growth in Britain's construction industry hit a seven-month high in October as housebuilding rose, but slowing order books and soaring prices for building materials darkened the outlook, a survey showed on Wednesday. The Markit/CIPS UK Construction Purchasing Managers' Index rose unexpectedly to 52.6 from 52.3, confounding a Reuters poll...

  • SINGAPORE, Oct 24- During Singapore's full moon festival last month, employer John Kong was focused more on cost-cutting than celebrating. Not sending his clients traditional mooncake gift packages saved him S $14,000, and his 60 workers at building materials supplier M Metal Pte Ltd didn't get a pay rise either. Having grown at a break-neck pace that...

  • SINGAPORE, Oct 24- During Singapore's full moon festival last month, employer John Kong was focused more on cost-cutting than celebrating. Not sending his clients traditional mooncake gift packages saved him S $14,000, and his 60 workers at building materials supplier M Metal Pte Ltd didn't get a pay rise either. Having grown at a break-neck pace that...

  • SINGAPORE, Oct 24- During Singapore's full moon festival last month, employer John Kong was focused more on cost-cutting than celebrating. Not sending his clients traditional mooncake gift packages saved him S $14,000, and his 60 workers at building materials supplier M Metal Pte Ltd didn't get a pay rise either. Having grown at a break-neck pace that...