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  • *Hewlett-Packard shares soar after announcing job cuts. NEW YORK, May 23- The S&P 500 closed at a record high on Friday, buoyed by a rally in housing stocks after better-than-expected home sales and a jump in Hewlett-Packard shares a day after the personal computer maker said it would cut more jobs.

  • NEW YORK, May 23- The S&P 500 closed at a record on Friday, boosted by a better-than-expected reading on the housing market, which gave a lift to homebuilding stocks. Hewlett-Packard's stock, which was the S&P 500' s best performer, rallied a day after the personal computer maker reported results and said it may cut up to 16,000 jobs.

  • NEW YORK, May 23- The S&P 500 was on track for a record closing high on Friday, boosted by a better-than-expected reading on the housing market, which gave a lift to homebuilding stocks. Shares of Lennar Corp, the second-largest U.S. homebuilder in terms of revenue, shot up 3.4 percent to $40.33.

  • WASHINGTON, May 23- Sales of new U.S. single-family homes rose in April and the stock of houses on the market hit a 3-1/ 2 year high, but economists said the market was still not clearly gaining steam.

  • NEW YORK, May 23- U.S. stocks rose modestly on Friday, after a better-than-expected reading on the housing market, as the S&P held just below its record intraday high. The S&P is 0.2 percent from its record intraday high of 1,902.17 set on May 13 and is above its record closing high of 1,897.45 set on the same day.

  • WASHINGTON, May 23- Sales of new U.S. single-family homes rose more than expected in April and the stock of houses on the market hit a 3-1/ 2 year-high, further signs the sputtering housing recovery was poised to regain steam.

  • *Aeropostale stumbles before the bell after outlook. NEW YORK, May 23- U.S. stocks were poised to open flat on Friday, ahead of data on the housing market, with the S&P 500 on track to notch its first weekly gain in the past three. New home sales data for April is due at 10:00 a.m..

  • *Aeropostale stumbles before the bell after outlook. NEW YORK, May 23- U.S. stock index futures inched higher on Friday, ahead of data on the housing market, with the S&P 500 on track to score its first weekly gain in the past three. *New home sales data for April is due at 10:00 a.m..

  • $60M Texas high school stadium deemed unsafe Tuesday, 20 May 2014 | 1:56 PM ET
    The $60 million high school stadium that got national attention for its grandeur _ and its price tag _ will be shut down indefinitely just 18 months after its opening, North Texas school district officials said Thursday, Feb. 27, 2014, for an examination of cracking in the concrete of the stadium's concourse.

    One of the most expensive high school football stadiums in America will be closed this fall because its concrete is cracking.

  • May 20- Home Depot Inc, the world's largest home improvement chain, said its sales were "robust" in May and that it expected to realize in the current quarter most of the sales lost in the first quarter due to a severe winter in the United States.

  • May 20- Home Depot Inc reported lower-than-expected quarterly sales as its spring selling season got off to a slow start after a severe winter in many parts of the United States. Spring is also an important time for Home Depot, as households prepare their gardens and get set for the barbecue season. Home Depot shares fell 1.4 percent in premarket trading.

  • Industrialist Villar Mir glimpses new dawn in Spain Tuesday, 20 May 2014 | 7:38 AM ET

    MADRID, May 20- Billionaire industrialist Juan Miguel Villar Mir has been buying into Spain's battered property and wind power sectors, marking a change in domestic sentiment after a six-year crisis. The 82- year-old Villar Mir, the chairman of builder OHL and its private conglomerate parent Grupo Villar Mir, prospered abroad during the crisis.

  • KABUL, May 19- A bored security guard, a Kalashnikov rifle over his shoulder, stands guard alone outside an idle construction site for a 10- story building in downtown Kabul, one of more than a dozen concrete shells with not a single construction worker in sight.

  • KABUL, May 19- A bored security guard, a Kalashnikov rifle over his shoulder, stands guard alone outside an idle construction site for a 10- storey building in downtown Kabul, one of more than a dozen concrete shells with not a single construction worker in sight. However, business has now ground to a halt across much of Afghanistan.

  • WASHINGTON, May 16- U.S. housing starts jumped in April and building permits hit their highest level in nearly six years, offering hope the troubled housing market could be stabilizing. Groundbreaking for homes surged 13.2 percent to a seasonally adjusted annual pace of 1.07 million units, the highest since November 2013, the Commerce Department said.

  • *Starts increase 13.2 percent, up in all four regions. WASHINGTON, May 16- U.S. housing starts jumped in April and building permits hit their highest level in nearly six years, offering hope that the troubled housing market could be stabilizing.

  • WASHINGTON, May 16- U.S. housing starts jumped in April and building permits hit their highest level in nearly six years, offering hope that the troubled housing market could be stabilizing.

  • Land Securities pre-tax profit doubles     Thursday, 15 May 2014 | 5:30 AM ET

    Robert Noel, CEO of Land Securities tells CNBC that the group is beginning to "reap the rewards" from the "bold call" it made to build new buildings with no rental agreements in place.

  • SAO PAULO, May 14- Brazilian homebuilder MRV Engenharia e Participacoes SA missed profit expectations for the first quarter due in part to sales cancellations, although it managed to continue generating free cash flow while cutting debt.

  • BEIJING/ BANGALORE, May 15- As China's economy continues to cool, companies are waiting longer and finding it harder to get paid for goods and services they've already sold, leading to record amounts of receivables- and potential write-offs- on corporate balance sheets.