FORT WAYNE, Ind.-- Construction company Shambaugh& Son plans to expand its Fort Wayne operations by enlarging two facilities and adding workers. It has nearly 1,200 workers in Indiana, including about 525 in Fort Wayne. Company officials say they expect to add about 100 workers in Fort Wayne over the next couple years.
SCOTTSDALE, Ariz.-- AV Homes, which develops adult communities and other properties in Arizona and Florida, said Wednesday that private equity firm TPG is making a $135 million in investment in the company. The firm will own about 42 percent of AV Homes once the transaction closes. Shares of AV Homes Inc. jumped $2.67, or 18.4 percent, to $17.21 in morning trading.
NEW YORK-- Shares of some top construction companies are down at 10 a.m.:. Foster Wheeler fell$. 02 or. 1 percent, to $24.77. Quanta Services Inc. fell$. 03 or. 1 percent, to $27.08.
DR Horton fell$. 26 or 1.1 percent, to $24.12. Hovnanian Enterprises Inc. fell$. 05 or. 8 percent, to $6.38. Lennar Corp. fell$. 32 or. 8 percent, to $39.00.
WASHINGTON, June 19- Where have all the carpenters gone? "Right now I have framing material sitting on the job site with the foundation on the ground," said Stephen Paul, executive vice president at Mid-Atlantic Builders in Rockville, Maryland. "
DR Horton rose$. 12 or. 5 percent, to $24.38. Hovnanian Enterprises Inc. rose$. 06 or. 9 percent, to $6.43. Pulte Homes Inc. rose$. 07 or. 3 percent, to $21.49.
Fluor rose$. 97 or 1.6 percent, to $63.28. Foster Wheeler rose$. 72 or 3.0 percent, to $24.79. Quanta Services Inc. rose$. 53 or 2.0 percent, to $27.11.
DR Horton rose$. 13 or. 5 percent, to $24.39. Hovnanian Enterprises Inc. fell$. 05 or. 8 percent, to $6.32. Lennar Corp. fell$. 33 or. 8 percent, to $38.99.
NEW YORK-- Shares of some top construction companies are up at 1 p.m.:. Foster Wheeler rose$. 55 or 2.3 percent, to $24.62. Quanta Services Inc. rose$. 35 or 1.3 percent, to $26.93.
Some of the largest companies have had some difficulties securing land because of rising demand, and analysts with Citigroup see a healthy rebound ahead.
FRESNO, Calif.-- Several opposing groups have filed lawsuits against a broad, long-range plan to manage the ailing Sacramento-San Joaquin River Delta that was adopted in May. They follow a lawsuit filed by the Westlands Water District, one of the nation's largest water contractors, at the end of May.
DR Horton fell$. 25 or 1.0 percent, to $24.02. Hovnanian Enterprises Inc. fell$. 10 or 1.6 percent, to $6.27. Lennar Corp. fell$. 75 or 1.9 percent, to $38.57.
NEW YORK-- Shares of some top construction companies are up at 10 a.m.:. Foster Wheeler rose$. 53 or 2.2 percent, to $24.60. Quanta Services Inc. rose$. 09 or. 3 percent, to $26.67.
WASHINGTON, June 18- U.S. housing starts rose less than expected in May, likely reflecting labor and material constraints, but the overall trend remained consistent with strength in the housing market. The Commerce Department said on Tuesday housing starts rose 6.8 percent to a seasonally adjusted annual rate of 914,000 units.
DUBAI, June 18- Saudi billionaire Prince Alwaleed bin Talal says he is looking at the world's largest cities, including Shanghai, Moscow, London and New York, as possible locations to build a mile-high skyscraper that would be the world's tallest building by far.
DR Horton rose$. 37 or 1.5 percent, to $24.26. Hovnanian Enterprises Inc. rose$. 09 or 1.4 percent, to $6.37. Lennar Corp. rose$. 29 or. 7 percent, to $39.32.
Fluor rose $1.31 or 2.1 percent, to $62.31. Foster Wheeler fell$. 02 or. 1 percent, to $24.07. Quanta Services Inc. rose$. 31 or 1.2 percent, to $26.58.
Homebuilder stocks improved modestly Monday following an upbeat industry sentiment report. The National Association of Home Builders/Wells Fargo builder sentiment index released Monday showed that, for the first time in seven years, most U.S. homebuilders are optimistic about home sales.
DuckDuckGo CEO Gabriel Weinberg says web traffic on his search engine, billed as an alternative to Google that doesn't store your private information, surged 33 percent after the NSA news broke. Weinberg discusses the model of his search engine, and how the company makes money.
Wednesday, 19 Jun 2013 | 6:31 AM ETJohn Silvia, Wells Fargo Securities, and Barbara Marcin, Gabelli Dividend Income Fund, discuss whether investors should reconsider allocating their portfolios as the Fed wraps up its two-day policy meeting.
Wednesday, 19 Jun 2013 | 8:53 AM ETKen Langone, Invemed Associates chairman and president, called Fed Chairman Ben Bernanke a "lame duck."