FRANKFURT/ LONDON, Dec 16- The battle for the assets cement firms Lafarge and Holcim must sell to get the go-ahead for their merger will likely be between three groups, several people familiar with the matter said. France's Lafarge and Swiss peer Holcim promised to sell overlapping assets worth about 12 percent of their combined revenues to secure European...» Read More
French cement giant Lafarge SA said Monday it will sell its roofing business to private equity firm PAI Partners for $3.16 billion.
ISM Manufacturing Data was released this morning. The index fell to 49.5 for November--down from 51.2 in October and signifying a contraction in U.S. manufacturing. Construction spending dropped by the most in five years in October--sliding 1 percent. Now eyes turn back to the Fed and how they'll react.
We're going to have the ISM numbers just as soon as they are released. The report-- from The Institute for Supply Management will probably show its manufacturing index for November was at 51.8. That compares with October's reading of 51.2-- which was the lowest since June 2003.
U.S. economic growth turns out to have been better in the third quarter than originally expected. But new home sales in October turned out to be a lot worse than expected. On Morning Call--CNBC’s Senior Economics Reporter Steve Liesman put the data in perspective.
Australian building materials maker Rinker Group formally rejected a $12 billion takeover bid by Mexico's Cemex on Wednesday as opportunistic, and said the company was worth nearly 40% more.