DALLAS— Eagle Materials is moving further into the energy sector by buying a company that sells an ingredient crucial to the hydraulic fracturing techniques now widely used to extract oil and natural gas. "This acquisition will enable us to immediately serve the Permian basin, in particular, with increased production, while creating synergies with our other...» Read More
It's the first key economic report of the week. The National Association of Realtors is out with its October report on pending home sales. CNBC’s Diana Olick keeps on top of the data and here’s what she had to say on “Morning Call.”
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.