ATHENS, July 30- Buoyant sales in the United States helped Greece's second-largest cement maker Titan post a 26 percent rise in second-quarter profit on Thursday despite dire economic conditions at home. About 80 percent of Titan's revenue comes from the United States, where higher demand for building materials and a stronger dollar boosted performance in...» Read More
CHICAGO _ USG Corp. on Thursday reported second-quarter profit of $79 million. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 47 cents per share. Seven analysts surveyed by Zacks expected $998.7 million.
LONDON, June 2- British plumbing supplies group Wolseley posted a 20 percent rise in third-quarter trading profit and said it was on track to meet analysts' full-year expectations, helped by strong revenue growth in its largest market, the United States. The company, which operates the Plumb Center and Ferguson chains in the United States and Britain, said on...
May 26- Cement companies Holcim and Lafarge said on Tuesday that they have reached a binding agreement under which Irish cement maker CRH Plc will buy some of their assets for 6.5 billion euro. The deal, which will transform the Irish company into the world's third-biggest building materials supplier, was announced in February and includes assets in Europe,...
April 29- Eurocement Holding AG, Holcim Ltd's second-largest shareholder, said it supports the Swiss cement maker's planned merger with France's Lafarge SA. Eurocement, which has a 10.8 percent stake in Holcim, said it intends to keep actively participating in the work of the merged company. The backing from Eurocement is a boost to Zurich- based Holcim as it...
April 16- Industrial tools provider W W Grainger Inc said on Thursday that its board had approved a plan to buy back $3 billion in shares over the next three years. The company, which supplies material handling equipment, plumbing supplies, and power and hand tools, said it would fund $1.2 billion of the buyback with cash and the remainder through debt.
FORTUNE BRANDS TO BUY CABINET MAKER NORCRAFT FOR $441.4 MLN@. March 30- Fortune Brands Home& Security will acquire bathroom and kitchen cabinet maker Norcraft Cos Inc for $441.4 million. Fortune, which makes MasterBrand cabinets and Moen faucets, will pay $25.50 per share, a premium of 11.4 percent to Norcraft's Friday closing price.
March 26- Builders FirstSource Inc, a U.S. supplier of residential building products, is in discussions to acquire peer ProBuild Holdings Inc for approximately $1.5 billion, including debt, three people familiar with the matter said on Thursday. The negotiations between Builders FirstSource and privately held ProBuild are ongoing and may not lead to an...
DUBLIN, March 19- Irish cement firm CRH is assuming the merger of rivals Lafarge and Holcim will still happen, its chief said after CRH shareholders approved an asset purchase that depends on the deal. CRH has agreed to buy a number of mostly European assets from Lafarge and Holcim for 6.5 billion euros so the French and Swiss firms can get antitrust clearance for...
*Holcim wants to reopen talks on share ratio, governance. PARIS/ ZURICH, March 17- The boards of Lafarge and Holcim met separately on Tuesday to try and salvage their merger to create the world's biggest cement firm, two sources said. Holcim called a halt to the deal on Monday, pressing for the price and management structure to be changed from the original "marriage of...
Mike Kane, CEO of Boral, says significant cost cuts for the past 2 years and improving housing sectors in key markets like Australia and the U.S. helped the firm to return to profitability.
CNBC's Phil Han reports from the Battersea Power Station and finds out more about this multi-billion dollar redevelopment of the site.
Philip Parker, CIO of Altair Asset says he sold out of News Corp prior to the split, but would look at investing back in the company's 21st Century Fox business for U.S. dollar earnings exposure.
Stephen Sheung, VP & Investment Strategist, SHK Private tells CNBC's Cash Flow which sectors he likes in Europe at the moment.
David Goldberg, homebuilders and building products analyst at UBS, says after last year's U.S. homebuilders rally there is a lot of profit-taking, so investors who want to be long in housing now, have to go further up on the risk curve to less safer names.
Home supply stores are gearing up ahead of a severe blizzard headed for the Northeast, reports CNBC's Mary Thompson.
The housing recovery continues. Residential construction is strong, but the commercial business is still spotty.
Stephen Ross,The Related Companies chairman, discusses breaking ground on New York City's largest privately-funded building project.
CNBC's Courtney Reagan delivers the latest news on the damaged crane which is dangling in midtown Manhattan. Louis Coletti, Building Trades Employers' Association president & CEO, also weighs in.
Matthew Espe, Armstrong World Industries CEO, discusses the growth in remodeling for both commercial and residential construction, and a look at the slowly improving housing market.
Australian building products maker James Hardie Industries posted third-quarter profit below forecasts and gave a downbeat outlook, saying there were few signs of sustainable recovery in the key U.S. housing market.