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Construction Materials


  • Italy to Sue Autostrade in Blow to Abertis Deal Monday, 11 Dec 2006 | 2:53 AM ET

    The board of Italy's highways regulator, ANAS, has decided to sue highway operator Autostrade  for failing to make $2.7 billion in investments stipulated by its tollways license.

  • Sub-Prime Lenders Hit by U.S. Housing Slump? Friday, 8 Dec 2006 | 1:23 PM ET

    The slump in the U.S. housing market is having a major impact on the risky sub-prime loan business--and on the big financial firms that invest in it. CNBC's Steve Liesman had the details on "Power Lunch." Liesman said that Fitch Ratings has placed the mortgage service business Ameriquest--the nation's biggest private mortgage company--on what Fitch calls "ratings watch evolving."

  • The REIT Stuff: Prologis CEO Explains China Play Friday, 8 Dec 2006 | 12:38 PM ET

    REITs have been on a tear. Although glamorous properties are attracting attention from private equity, warehouse properties have been the standouts for investors. The world's largest industrial REIT is Prologis and today--the company announced an expansion of 3.3 million square feet of warehouse space in China, where it is already something of a trailblazer in the sector.

  • Analyst: Focus On Smaller, Cyclical Stocks Thursday, 7 Dec 2006 | 10:28 AM ET

    What do homebuilding, footwear and computer hardware stocks have in common? They're all good value plays, says Craig Callahan, president of ICON Advisors. He was on “Squawk on the Street” to talk with Mark Haines and Erin Burnett about his picks. ICON predicts steady growth for some companies in these areas.

  • CNBC's Pisani: Watching For U.S. Housing Bottom Thursday, 7 Dec 2006 | 9:41 AM ET

    Looking for signs of a bottom in the U.S. housing business has become a full-time obsession on Wall Street--but there's precious little evidence we are there. Credit Suisse put out their monthly survey of new and existing home sales trends this morning. Conditions remained unchanged in 62% of markets surveyed improved in 19%--and deteriorated in 19%.

  • Bouygues Third-Quarter Profit Jumps 36% Thursday, 7 Dec 2006 | 4:50 AM ET

    French construction and telecom company Bouygues said Thursday strong growth in its construction and road building businesses boosted profit by 36%  in the third quarter.

  • Italian Block of Autostrade Deal Upheld Thursday, 7 Dec 2006 | 4:03 AM ET

    An Italian administrative court has ruled in favor of a government decision to block Autostrade's deal with Spanish infrastructure company Abertis Infraestructuras, Autostrade said Thursday.

  • U.S. Stocks Falter in Late Trading Wednesday, 6 Dec 2006 | 3:40 PM ET

    A late look at stocks shows the Dow trading in a narrow 31-point range. Volume was light as well. Software, autos and gold were all under pressure. Homebuilders were trading up though on an increase in mortgage applications – which was boosted by the lowest mortgage rates in a year.

  • ritholtz_barry_120x90.jpg

    The money manager discusses stocks, housing and “burger flippers” with CNBC’s Tyler Mathisen in an exclusive cnbc.com interview.

  • Today On cnbc.com Wednesday, 6 Dec 2006 | 7:57 AM ET

    Good morning. A busy day ahead as we'll certainly focus on the Yahoo  management shuffle. The company hands an extended role to its Chief Financial Officer Susan Decker and several top execs will be leaving. Well start with our quote of the day from cartoonist Scott Adams...

  • Baby Boomers Creating Stay-At-Home Biz Monday, 4 Dec 2006 | 2:15 PM ET

    Baby boomers who don’t want to retire to a distant locale (some place warmer or cheaper) may be causing a long-term drag on the U.S. housing sector – and the economy. According to a survey done by Home Depot – 89% of older Americans want to stay in their present houses for as long as possible. But companies like Home Depot are seeing a business opportunity in reaching out to boomers who want to stay put.

  • They Get It! Lower your Price, Sell Your House Monday, 4 Dec 2006 | 2:13 PM ET

    Well, they finally get it.  The National Association of Realtors reports the largest national drop in median existing home prices ever in the month of October; prices down 3.5% across the board and even lower in certain regions of the country.  And guess what?  Sales bumped up for the first time since last February.  What a shocker!  Lower the price, and someone will buy your house.

  • Is U.S. Housing Market Stabilizing? Monday, 4 Dec 2006 | 1:24 PM ET

    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.”

  • Lafarge Sells Roofing Business for $3.16 billon Monday, 4 Dec 2006 | 7:41 AM ET

    French cement giant Lafarge SA said Monday it will sell its roofing business to private equity firm PAI Partners for $3.16 billion.

  • U.S. Manufacturing Data Down: Should The Fed Act? Friday, 1 Dec 2006 | 11:18 AM ET

    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.

  • "Morning Call" Preview on ISM Numbers Friday, 1 Dec 2006 | 8:34 AM ET

    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.

  • CNBC's Liesman: Putting The Numbers In Perspective Wednesday, 29 Nov 2006 | 11:22 AM ET

    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.

  • Rinker Rejects Cemex Bid Tuesday, 28 Nov 2006 | 10:24 PM ET

    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.