NEW ORLEANS— Lawyers for people who say defective Chinese drywall wrecked their homes are again suing the manufacturers. District Judge Eldon Fallon held Taishan Gypsum Co. Ltd. and related defendants in contempt of court for ignoring court proceedings over harm done by the drywall.» Read More
May 8- Auto parts maker Visteon Corp reported a 7 percent rise in quarterly revenue as higher vehicle production boosted sales of its climate control products. Visteon did not give its own estimate on Thursday, but said higher production, particularly in Asia Pacific and Europe, boosted sales of its climate control products in the first quarter ended March 31.
*CEO says eyes acquisition opportunities from Lafarge/ Holcim merger. HEIDELBERG, Germany, May 7- HeidelbergCement could seize opportunities to snap up assets from rivals Lafarge and Holcim which may be forced into disposals to get the go-ahead from regulators for their planned merger.
FRANKFURT, May 7- German cement maker HeidelbergCement posted a more than five-fold increase in quarterly operating income that beat consensus thanks to mild winter weather in Europe and price increases in key markets.
May 2- Auto parts maker Visteon Corp said it would sell most of its automotive interiors business to private equity firm Cerberus Capital Management LP as it focuses on its fast-growing climate control and electronics operations.
WASHINGTON, April 10- The European packaging company Ardagh Group S.A. won U.S. antitrust approval to buy Saint-Gobain Containers Inc after agreeing to sell six of its nine glass container manufacturing plants in the United States, the Federal Trade Commission said on Thursday.
BANGKOK, March 27- Siam Cement PCL, Thailand's largest industrial conglomerate, aims to boost cement production and sales in Southeast Asia to offset a slowdown at home where political unrest has delayed spending on infrastructure projects.
*Eyes bolt-on acquisitions in U.S., UK, Canada. LONDON, March 25- British plumbing supplies group Wolseley is looking to buy more businesses in its core markets of the United States, Britain and Canada, the company said on Tuesday after posting an 8.8 percent rise in first-half trading profit.
*Procter& Gamble drags Dow, S&P after outlook. NEW YORK, Feb 12- U.S. stocks were little changed on Wednesday, as a decline in Procter& Gamble kept gains in check after a four-day rally left the S&P 500 within striking distance of a record high.
*Procter& Gamble dips after outlook. *Stocks rose in a broad rally on Tuesday as Congress agreed to advance legislation extending the borrowing authority of the United States and after the Federal Reserve's new chief Janet Yellen made no changes to the central bank's schedule for trimming stimulus.
Feb 4- Private equity-owned Continental Building Products Inc's initial public offering was priced at $14 per share, an underwriter told Reuters, significantly below its expected range of $16- $18.
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.
Stephen Kim, Barclays, explains why building products are not necessarily riding on the coattails of a growing housing industry.
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.