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Luxury builder Toll Brothers says quarterly sales drop 30%
Toll Brothers Inc. continued to wade through a tough housing market in its fiscal second quarter as preliminary revenue fell 30 percent.President and CEO Robert I. Toll said the just-ended spring selling season was weak and CFO Joel Rassman said the

Building construction drives up CGPI
The (CGPI) rose 0.5 percent in the March 2008 quarter, Statistics New Zealand said today. Higher construction prices for new houses and non-residential buildings were the main contributors to the rise. Four of the six asset groups in the CGPI rose in

US home builders' confidence sinks
US home builder confidence retreated in May, another negative sign for the feeble United States economy.

Too clever by half
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Rhymney riddle
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Construction firm's green award
words A Skewen company is playing its part in saving the planet.Derwen Construction won an award for sustainable practices at the recent Construction Skills Council prize-giving ceremony. Construction Skills is the sector skills council for construction

AKP's roadmap still under construction
ANKARA Turkish Daily News Officials from the Justice and Development Party (AKP) yesterday said the party still needs time to finalize the "roadmap" it will implement in the closure case against it. Prime Minister Recep Tayyip Erdoan completed his

Shares rise in Europe behind construction sector; BA climbs
LONDON (MarketWatch) - European shares moved higher in early trading on Friday, paced by the construction sector, with other standouts including British Airways after it produced solid first-quarter earnings and British Energy after it said that it's

Chinese nurse pulled to safety after 96 hours trapped in collapsed building
BEICHUAN, China: A Chinese state news agency says rescuers have pulled a nurse to safety after being trapped for 96 hours in the debris of a clinic after this week's massive earthquake. Xinhua News Agency said Friday that two other people were pulled out

Housing: Construction of 227,000 rural units until March 2008
rural housing units have been built and granted nationwide until late March 2008 as part of the five-year housing programme (2005-2009), said Thursday Housing and Town Planning Minister Noureddine Moussa. In reply to an oral question at the Council of

Chinese nurse pulled to safety after 96 hours trapped in collapsed building
BEICHUAN, China-A Chinese state news agency says rescuers have pulled a nurse to safety after being trapped for 96 hours in the debris of a clinic after this week's massive earthquake. Xinhua News Agency said Friday that two other people were pulled out

Cement, Steel Makers Agree to Cut Prices
NEW DELHI: Government's effort to contain inflation has yielded more results on Wednesday as secondary steel makers and cement manufacturers have agreed to cut prices. Secondary steel makers like Bhushan Steel and National Steel, which manufacture mainly

Europe Markets: Shares rise in Europe behind construction sector; BA climbs
LONDON (MarketWatch) - European shares moved higher in early trading on Friday, paced by the construction sector, with other standouts including British Airways after it produced solid first-quarter earnings and British Energy after it said that it's

Builders admit house price cuts needed
BUILDERS now accept that price cuts are needed in order to sell many new-build houses, according to a new survey on construction firms. The outlook for house selling prices has deteriorated significantly in the past six months, the latest Merrion

FAS says 50,000 job losses to hit construction sector
THOUSANDS more job losses in the construction sector were predicted last night as figures revealed the largest recorded decline in employment in the industry in 14 years. Employment in private construction firms fell by 11.7pc in March compared to the

Skanska lands £88m Two Kingdom Street job
Skanska has scooped its second landmark deal in London in as many years from Development Securities. The latest project is the Â£88m Two Kingdom Street project at Paddington Central. The contract involves a 13-storey building spanning 46,200m2,

Irish Construction: Numbers employed down 11.7% in March; 50% of building firms not building
Irish Construction: The builders survey was carried out by stockbroker Merrion, which said the results indicated that house builders now see the housing downturn being deeper and more prolonged than they previously had expected. The survey covered 26

Pakistan's Lucky Cement, Kuwaiti Firm Sign Clinker Mou
KARACHI, May 16 Asia Pulse - Lucky Cement has signed a Memorandum of Understanding (MoU) with Kuwait's Noor Financial Investment Company (Noor) for the supply of 500,000 tonnes clinker per annum for a period of five-years with additional option of

Italcementi's 'Baa1' issuer rating outlook cut to negative - Moody's? ? 1 hr ago
MUMBAI (Thomson Financial) - Moody's Investors Service said it has changed the outlook of Italcementi S.p.A.'s 'Baa1' issuer rating to negative, citing the weak results in Italcementi's Italian market, which, coupled with increased indebtedness and the

Italcementi's 'Baa1' issuer rating outlook cut to negative - Moody's? ? 60 mins ago
MUMBAI (Thomson Financial) - Moody's Investors Service said it has changed the outlook of Italcementi S.p.A.'s 'Baa1' issuer rating to negative, citing the weak results in Italcementi's Italian market, which, coupled with increased indebtedness and the

Post-L&T Concrete buy, Lafarge grabs 25% market share
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Chinese student pulled to safety after 80 hours trapped in collapsed building
BEICHUAN, China: A Chinese state news agency says rescuers have pulled a student to safety after being trapped for 80 hours in the debris of a school following this week's massive earthquake. Xinhua News Agency said Friday that rescuers could still hear

16-05-2008: Lafarge's 1Q net profit up 35%
KUALA LUMPUR: Cement maker Lafarge Malayan Cement Bhd's net income for its first quarter ended March 31, 2008 (1QFY08) rose 35.3% to RM62.18 million from RM45.96 million a year earlier mainly due to contributions from higher domestic sales but partly

City retail win propels Skanska to top in April
Business barometer St Botolph's development puts Swedish contractor ahead of Willmott Dixon Skanska's 150m deal with developer Minerva to build the 560,000ft2 St Botolph's office and retail scheme in the City of London propelled it to the top of the

Redrow slashes staff by 15% as housing reservations halve
Housebuilder acts to cut costs and blames shortages of mortgages for paralysing market Neil Fitzsimmons, chief executive of Redrow, has said the housebuilder has cut its workforce by 15% as a result of the credit crunch. Speaking after the company's

Owens Corning Named a Partner in the Environmental Protection Agency's Green Power Partnership
BUSINESS EDITORS 437 words TOLEDO, Ohio, May 15 'We are pleased to be a partner with the Environmental Protection Agency in contributing to the sustainability of our world,' said Frank O'Brien-Bernini, chief sustainability officer. 'Purchasing renewable

Shareholders Approve Proposals at Pulte Homes Annual Meeting Demanding Board Accountability
Sign up for action alerts & news. 15.8 percent of people in the United States don't have health insurance. Find the most up-to-date data available on working family issues. Search by: Nearly One-third of Shareholders Support Say on Pay AFL-CIO Calls on

Tongaat aggregate plant to boost Lafarge output
LAFARGE Aggregates and Concrete said yesterday it expected production capacity in KwaZulu-Natal to rise by nearly 150% to 500000 tons a year after the completion of its R62m aggregates crushing plant in Tongaat. Last month the company announced that it

Friday tips round-up: Balfour Beatty, Aer Lingus, BT
LONDON (SHARECAST) - 'Surprising' and 'cheeky' was how some analysts described contractor Balfour Beatty's 180m cash call yesterday. In a trading update, the group said the money is to fund acquisitions. Experts do not think there are any firm plans,

Lafarge's 1Q net profit up 35%
KUALA LUMPUR: Cement maker Lafarge Malayan Cement Bhd's net income for its first quarter ended March 31, 2008 (1QFY08) rose 35.3% to RM62.18 million from RM45.96 million a year earlier mainly due to contributions from higher domestic sales but partly