NEW ORLEANS— With a hearing scheduled to decide how much money thousands of people are owed for Chinese drywall damage to their homes, the manufacturer has made payments required to participate, including $3.2 million to seven homeowners in Virginia. The April 28 hearing will determine damages to as many as 4,000 homes built or repaired in Virginia, Florida,...» Read More
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.
Dec 23- Germany's HeidelbergCement AG is negotiating to sell Hanson Building Products Ltd, a maker of concrete and clay building products, to private equity firm Lone Star Funds, according to people familiar with the matter. HeidelbergCement is weighing a sale to Lone Star as a way to shed the non-core unit more quickly than through an initial public offering,...
Delphi's Thermal Systems business has caught the eye of France's Valeo, Germany's Mahle and Japan's Denso and a sale could fetch more than $700 million. Delphi and South Korean companies Erae and Daewoo jointly hold a company called Kdac, which had sales of $1.2 billion in 2013, a quarter of which it generated in its heating, ventilation, and air conditioning...
CNBC's Phil Han reports from the Battersea Power Station and finds out more about this multi-billion dollar redevelopment of the site.
Oct 22- Ingersoll-Rand Plc, the maker of Trane airconditioners and Thermo King refrigeration units, reported a higher-than-expected quarterly profit as it sold more heating, ventilation and airconditioning systems. Ingersoll-Rand said revenue from the sale of Thermo King refrigeration systems rose by' a mid-teens percentage' in the third quarter as U.S....
Oct 16- Toshiba Corp said it had signed an agreement with United Technologies Corp to strengthen strategic collaboration through their joint venture, Toshiba Carrier Corp, which develops air-conditioning equipment. The deal will expand the venture's engineering and sales resources outside Japan and establish engineering centers in the United States...
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.
First things first -- your startup needs a name! This may seem a silly and frivolous task, but it may be the most important decision you make.
You're an entrepreneur in the making, seeking the holy grail of working for yourself. What you need to focus on is what is going to drive your business. Or, more precisely, what product is going to drive it.
These mistakes are big, costly and spectacular. What are some of the more notable architectural failures in modern history?