Construction Materials


  • Subprime Woes "Hurt" Housing Says Zuckerman Tuesday, 6 Mar 2007 | 3:16 PM ET

    Mort Zuckerman is not only the owner of U.S. News and World Report and the Daily News, he is also a major player in the business world as chairman of Boston Properties. He's also one of the savviest and most successful real estate magnates around. Zuckerman spoke with...

  • Builders' Supplier Grafton 2006 EPS Up 15% Thursday, 1 Mar 2007 | 4:23 AM ET

    Irish building supplies firm Grafton Group posted a slightly better-than-expected 15% rise in 2006 earnings on Thursday and said it was confident about the future after a satisfactory start to 2007.

  • Cement Maker Holcim Reports 39.2% Profit Increase Wednesday, 28 Feb 2007 | 1:46 PM ET

    Cement maker Holcim reported a 39.2% increase in net profit for 2006 on Wednesday, saying its recent expansion in India, strong markets and efficiency gains helped boost its performance.

  • Bouygues Reports Surprise 50% Profit Growth in 2006 Wednesday, 28 Feb 2007 | 4:06 AM ET

    France's Bouygues  said Wednesday its net profit rose a higher-than-expected 50% last year, thanks to strong growth from its construction and road-building divisions, and despite losses in its mobile phone operations.

  • A Price Point Tuesday, 27 Feb 2007 | 1:07 PM ET

    There’s a lot of data out today on existing home prices across the U.S., and I want to quickly make a little sense of it for you. First we get results from the National Association of Realtors, which reports that the median existing home price in the U.S. is $210,600, down 3.1% from January of 2006.

  • Ferrovial Says 2006 Profit Tripled Monday, 26 Feb 2007 | 8:35 AM ET

    Grupo Ferrovial  said Monday its full-year net profit more than tripled, thanks to asset sales and incorporation of recently acquired companies such as British airport operator BAA.

  • Schindler Says Full-Year Net Income Rose Monday, 26 Feb 2007 | 7:44 AM ET

    Schindler Holding, a Swiss elevator maker fined by the EU last week for taking part in a cartel, said Monday that full-year net income rose 29% as the company boosted sales of elevators and escalators.

  • Has Spring Sprung in Housing? Friday, 23 Feb 2007 | 12:21 PM ET
    U.S. Department of Commerce

    I’m getting frustrated with two words: “Housing Market.” For weeks now I’ve been getting the questions from my friends, the pitches from so-called housing experts and the assignments from my bosses: How is the Housing Market this Spring??

  • HeidelbergCement Sales Up 18% in 2006 Wednesday, 21 Feb 2007 | 9:05 AM ET

    German cement maker HeidelbergCement said Wednesday that sales in 2006 grew 18% as the company benefited from growing economies.

  • Skanska Reports 22% Fall In Fourth Quarter Net Profit Thursday, 15 Feb 2007 | 5:48 AM ET

    Swedish construction company Skanska on Thursday reported a 22% fall in fourth-quarter net profit on the back of lower sales and tougher conditions on the Danish market.

  • KB Earnings Tell it All Tuesday, 13 Feb 2007 | 3:18 PM ET
    KB Home

    A bright spot in today’s earnings report from KB Home, one of the nation’s largest home builders: prices on their homes are coming down this quarter. While the company posted some nasty earnings for the fiscal fourth quarter and is showing a 48% cancellation rate, that fact bodes well for the usually busy spring season.

  • Commercial property development in Britain grew at its slowest rate in 13 months in January due to the first contraction of work on public sector projects in 19 months, data showed on Monday.

  • When--Or If--Housing Ever Hits Bottom Floor Friday, 9 Feb 2007 | 1:51 PM ET

    This week HSBC Holdings admitted that it would be spending more money than originally anticipated to cover subprime loan defaults -- $1.76 billion more than analysts predicted. Now there’s concern over the mortgage-backed securities that go along with these riskier credit advances, and even more concern over the housing market in general.

  • Housing Bubble Doesn't Have To Burst--Just Exhale Thursday, 8 Feb 2007 | 4:06 PM ET

    Economists sure didn’t call the housing bubble as it inflated – and now as the air is let out, no one seems to know what’s next. What goes bubble must go burst, right? Not so fast says Yale economist Robert Shiller. He was on “Street Signs” to discuss an op-ed piece he wrote in today’s Wall Street Journal about the housing boom.

  • Morning Call: Five Stocks to Watch This Week Monday, 5 Feb 2007 | 10:24 AM ET

    This morning on "Squawk on the Street" Mark Haines and Erin Burnett spoke to Jon Hilsenrath of The Wall Street Journal about his stocks of the week. This is part of our regular "Five for Five" segment, where we give you, the investor, a list of five stocks to keep your eye on.

  • Sweden's Atlas Copco in Deal to Buy Dynapac Monday, 5 Feb 2007 | 5:01 AM ET

    Swedish engineering company Atlas Copco said Monday it agreed to buy paving equipment company Dynapac for 6.3 billion kronor (695 million euros; $902 million) from the Altor 2003 Fund.

  • January Jobs Data: Slightly Soft or Oh, So Sweet? Friday, 2 Feb 2007 | 11:18 AM ET

    This morning investors are trying to figure out what today’s jobs report means for the economy and interest rates. According to the U.S. Labor Department, employers added only 111,000 jobs last month, below the 150,000 that had been expected. The reports also says our nation’s unemployment rate reached 4.6%, that’s a four-month high.

  • Fed Speak And "Irrational Behavior" For China Investors Wednesday, 31 Jan 2007 | 8:14 AM ET
    Henry Paulson, Treasury Secretary

    Stocks in the U.S. are pointing lower this morning. The Fed's statement, important economic data and earnings could all drive the markets today. President Bush speaks on the economy on Wall Street and Treasury Secretary Hank Paulson appears before Senate Banking on the Chinese currency issue.

  • U.S. Housing And The Gamble Of Subprime Loans Tuesday, 30 Jan 2007 | 9:17 AM ET

    Prices for existing home sales nationwide rose just barely over 1% last year. That's not much compared with the double digit appreication in the previous years. And regionally--neighborhood to neighborhood--prices dropped and continue to fall.

  • BAA Cuts Cost Estimate of New Stansted Runway Tuesday, 30 Jan 2007 | 4:52 AM ET

    Airport operator BAA said on Tuesday it had cut the planned cost of a new runway and terminal at its London Stansted airport by 17.5 % to 1.4 billion pounds ($2.7 billion).