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Construction and Engineering

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  • LONDON, Aug 20- Copper rose to a one-week high on Wednesday as robust U.S. housing data overnight boosted sentiment and buyers in top metals consumer China took advantage of low prices to build stocks. Copper is used mostly in the construction industry for cables, electric wiring, plumbing and in heating and ventilation systems.

  • Early Glance: Homebuilders companies Wednesday, 20 Aug 2014 | 12:21 PM ET

    DR Horton rose$. 05 or. 2 percent, to $21.87. Hovnanian Enterprises Inc. rose$. 02 or. 5 percent, to $4.30. Lennar Corp. fell$. 21 or. 5 percent, to $38.59.

  • Early Glance: Construction companies Wednesday, 20 Aug 2014 | 12:21 PM ET

    NEW YORK— Shares of some top construction companies are mixed at 10 a.m.:. Foster Wheeler fell$. 18 or. 6 percent, to $32.21. Quanta Services Inc. rose$. 14 or. 4 percent, to $35.46.

  • *Carillion ends pursuit of merger with Balfour Beatty. LONDON, Aug 20- British construction company Carillion said it had abandoned its pursuit of a merger with Balfour Beatty on Wednesday after Balfour rejected its advances for the third time.

  • LONDON, Aug 20- Copper rose on Wednesday in response to robust U.S. housing data overnight and buyers in top metals consumer China taking advantage of low prices to build stocks. Copper is used mostly in the construction industry for cables, electric wiring, plumbing and in heating and ventilation systems.

  • LONDON, Aug 20- British construction company Balfour Beatty rejected a third merger proposal from Carillion on Wednesday, saying a turnaround strategy centred on the sale of its U.S. engineering business was a better prospect for investors.

  • UPDATE 1-Balfour Beatty rejects third Carillion offer Wednesday, 20 Aug 2014 | 2:47 AM ET

    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.

  • Balfour Beatty rejects third Carillion offer Wednesday, 20 Aug 2014 | 2:16 AM ET

    LONDON, Aug 20- British engineering company Balfour Beatty on Wednesday rejected Carillion's third merger proposal, saying it failed to address its concerns over risks to the business.

  • *Euro/dollar at 9- month low, risks fall below $1.30. *Dollar/yen seen testing July peak of 103.15 yen. TOKYO, Aug 20- The dollar held firm near 11- month high against a basket of major currencies on Wednesday after strong U.S. housing data added to hopes of a firming recovery in the world's biggest economy.

  • Final Glance: Homebuilders companies Tuesday, 19 Aug 2014 | 6:08 PM ET

    DR Horton rose$. 69 or 3.3 percent, to $21.82. Hovnanian Enterprises Inc. rose$. 06 or 1.4 percent, to $4.28. Lennar Corp. rose $1.25 or 3.3 percent, to $38.80.

  • Final Glance: Construction companies Tuesday, 19 Aug 2014 | 6:08 PM ET

    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.

  • How the Dow Jones industrial average fared Tuesday Tuesday, 19 Aug 2014 | 4:58 PM ET

    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.

  • Home Depot and Lennar are big market movers Tuesday, 19 Aug 2014 | 4:23 PM ET

    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.

  • Midday Glance: Homebuilders companies Tuesday, 19 Aug 2014 | 4:03 PM ET

    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.

  • US stocks move higher; Home Depot rises Tuesday, 19 Aug 2014 | 12:00 PM ET

    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.

  • UPDATE 1-Carillion sweetens merger offer for Balfour Tuesday, 19 Aug 2014 | 10:55 AM ET

    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.

  • US stocks open higher; Home Depot rises Tuesday, 19 Aug 2014 | 9:38 AM ET

    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.