LONDON, Aug 20- British engineering company Balfour Beatty on Wednesday rejected Carillion's third merger proposal, saying it failed to address the risks in the deal and only represented a small increase in value.» Read More
Fluor fell$. 31 or. 4 percent, to $73.67. Foster Wheeler fell$. 07 or. 2 percent, to $32.39. Quanta Services Inc. rose$. 17 or. 5 percent, to $35.32.
U.S. stocks gained Tuesday after investors got some encouraging news about home building, inflation and corporate earnings. Investors were encouraged by a bounce in home construction last month and news that consumer prices rose at the slowest pace in five months.
NEW YORK— Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market:. Home Depot Inc., up $4.64 to $88.23. Lennar Corp., up $1.25 to $38.80.
DR Horton rose$. 60 or 2.8 percent, to $21.73. Hovnanian Enterprises Inc. rose$. 08 or 1.9 percent, to $4.30. Lennar Corp. rose $1.26 or 3.3 percent, to $38.81.
Furthermore, the solid activity reported in new construction and by Home Depot Inc in its quarterly report on Tuesday may in part be due to activity delayed by bad weather in the first quarter.
*Carillion raises merger offer for third time. LONDON, Aug 19- British construction firm Carillion ramped up the pressure on Balfour Beatty to reopen merger talks on Tuesday, making a third offer which valued the engineering company at 2.1 billion pounds.
NEW YORK— U.S. stocks are moving higher in midday trading after investors got some encouraging news about home building and corporate earnings. Home Depot jumped 6 percent after its income surged thanks to a rebound in its spring selling season. Lennar and KB Home each rose 3 percent.
LONDON, Aug 19- British construction firm Carillion on Tuesday raised for the third time its merger proposal for engineering company Balfour Beatty, with new terms that value its rival at 2.1 billion pounds.
NEW YORK— Better news on home building and corporate earnings are sending stocks higher. Home Depot rose 4 percent after reporting that its quarterly income surged thanks to a rebound in its spring selling season. Lennar and KB Home each rose 3 percent.
*Home Depot climbs after earnings, outlook. NEW YORK, Aug 19- U.S. stocks were poised for a higher open on Tuesday, putting the S&P 500 on track for a second straight day of gains, after solid earnings from Home Depot and supportive economic data on inflation and the housing market.
WASHINGTON— U.S. home construction rebounded in July, rising to the fastest pace in eight months and offering hope that housing has regained momentum after two months of declines. Construction increased 15.7 percent in July to a seasonally adjusted annual rate of 1.09 million homes, the Commerce Department reported Tuesday.
WASHINGTON, Aug 19- U.S. housing starts and building permits rebounded strongly in July, suggesting the housing market recovery was back on track after stalling in the second half of last year.
*Home Depot climbs after earnings, outlook. NEW YORK, Aug 19- U.S. stock index futures advanced modestly on Tuesday, putting the S&P 500 on track for a second straight day of gains, after solid earnings from Home Depot and ahead of data on inflation and the housing market.
WASHINGTON— The Commerce Department reports on U.S. home construction in July. The report will be released at 8:30 a.m. Eastern time Tuesday. The National Association of Home Builders/Wells Fargo builder sentiment index rose in August to 55, up two points from a revised 53 for July.
The Standard& Poor's 500 index closed within six points of its all-time high Tuesday, less than two weeks after slumping on concerns about rising tensions in Iraq and Ukraine. Home Depot, the nation's largest home improvement retailer, rose after raising its annual profit forecast following a strong spring selling season.
NEW YORK— Don Pardo,' Saturday Night Live' announcer whose voice was part of cultural fabric, dies at 96..
Fluor rose $1.73 or 2.4 percent, to $73.98. Foster Wheeler rose$. 24 or. 7 percent, to $32.46. Quanta Services Inc. rose$. 56 or 1.6 percent, to $35.15.
DR Horton rose$. 29 or 1.4 percent, to $21.13. Hovnanian Enterprises Inc. rose$. 25 or 6.3 percent, to $4.22. Lennar Corp. rose$. 61 or 1.7 percent, to $37.55.
*Dollar General offers to buy Family Dollar. NEW YORK, Aug 18- U.S. stocks surged on Monday, with the Nasdaq closing at a 14- year high as increasing homebuilder confidence and hopes for receding tensions in Russia gave investors reasons to make bigger bets on the equity market.
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