International Business News - Building http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif A police official says at least 10 people died when an apartment building collapsed in the Egyptian port city of Alexandria. The police official says at least six other residents were wounded when the six-story building collapsed early Wednesday in downtown Alexandria. http://www.ibtimes.com/articles/20081008/official-10-dead-in-building-collapse-in-egypt.htm Wed, 08 Oct 2008 05:28:47 EDT An analyst on Wednesday downgraded NCI Building Systems Inc., which makes metal building products, because of a deteriorating outlook for nonresidential construction. http://www.ibtimes.com/articles/20081008/ahead-of-the-bell-nci-building-systems-downgraded.htm Wed, 08 Oct 2008 07:58:23 EDT Northrop Grumman Corp. is breaking ground on a new facility at Wallops Island in Accomack County on Virginia's Eastern Shore. The building will be the first in the Wallops Research Park, which is a joint effort to attract science, technology and educational organizations and provide high-tech jobs to the region. http://www.ibtimes.com/articles/20081002/northrop-grumman-to-build-new-virginia-facility.htm Thu, 02 Oct 2008 15:39:41 EDT A sudden financial jolt--such as the wave of layoffs that recently rattled the lives of some Wall Street workers--could leave you scrambling to pay rent and eking by on credit cards. http://www.ibtimes.com/articles/20080925/how-to-build-an-emergency-fund-in-tough-times.htm Thu, 25 Sep 2008 15:27:47 EDT Shares of companies that supply building materials were mostly higher Tuesday after the Federal Reserve left a key interest rate unchanged. The central bank said Tuesday it was keeping its target for the federal funds rate, the interest that banks charge on overnight loans, unchanged at 2 percent. http://www.ibtimes.com/articles/20080916/building-materials-stocks-edge-up-after-fed-moves.htm Tue, 16 Sep 2008 14:39:28 EDT Shares of building materials suppliers fell Tuesday after an analyst warned that the outlook for non-residential construction remains "challenging." Goldman Sachs analyst Terry Darling, in a note, said "given on-going deterioration in fundamentals, risk of estimate downgrades, and the historical precedent of peak-to-trough declines of about 50 percent for highly exposed non-residential stocks in the last two cycles, we believe investors should remain cautious on the group." http://www.ibtimes.com/articles/20080916/shares-of-building-materials-suppliers-fall.htm Tue, 16 Sep 2008 10:24:02 EDT A woman was arrested Monday for crashing her car through the gates of FBI headquarters in the Puerto Rican capital after guards refused to let her speak with the local director of the U.S. law enforcement agency. http://www.ibtimes.com/articles/20080915/woman-crashes-car-through-fbi-gates-in-puerto-rico.htm Mon, 15 Sep 2008 14:03:26 EDT Shares of building materials suppliers fell Monday as an analyst downgraded shares of a key lumber company and the broader stock market declined. RBC Capital Markets analyst Paul C. Quinn downgraded Louisiana-Pacific Corp. to "Underperform" from "Sector Perform," citing "the end of the traditional building season in September and continued uncertainty in U.S. housing and credit markets (which) are likely to lower future (oriented strand board) prices." http://www.ibtimes.com/articles/20080915/shares-of-building-materials-suppliers-fall.htm Mon, 15 Sep 2008 11:04:19 EDT A fire broke out early Thursday at an apartment building for the elderly and disabled, forcing firefighters to use a ladder truck to rescue residents from upper floors and leaving 16 people injured, authorities said. http://www.ibtimes.com/data/articleimgs/127865-apartment-building-fire.jpg http://www.ibtimes.com/articles/20080911/16-hurt-in-conn-fire-at-apartments-for-elderly.htm http://www.ibtimes.com/articles/20080911/16-hurt-in-conn-fire-at-apartments-for-elderly.htm Thu, 11 Sep 2008 17:19:33 EDT A construction worker was killed Wednesday when a partially built retail and residential building collapsed in a Richmond suburb, officials said. Emergency crews found the body of Scott Giordano, 38, of Disputanta, Va., about six hours after the collapse and continued to search for anyone else who might have been trapped, said Chesterfield County Fire Battalion Chief Robby Dawson. http://www.ibtimes.com/articles/20080911/crews-pull-body-from-collapsed-va-building-rubble.htm Thu, 11 Sep 2008 08:56:09 EDT A construction worker was killed Wednesday when a partially built retail and residential building collapsed in a Richmond suburb, officials said. Emergency crews found the body of Scott Giordano, 38, of Disputanta, Va., about six hours after the collapse and continued to search for anyone else who might have been trapped, said Chesterfield County Fire Battalion Chief Robby Dawson. http://www.ibtimes.com/data/articleimgs/127343-building-collapse.jpg http://www.ibtimes.com/articles/20080910/building-collapses-in-va-12-may-be-inside.htm http://www.ibtimes.com/articles/20080910/building-collapses-in-va-12-may-be-inside.htm Wed, 10 Sep 2008 21:01:42 EDT Shares of building materials suppliers rose Monday on a host of factors that could hasten a rebound in the U.S. residential housing market. In Washington over the weekend, the Treasury department said it will effectively nationalize Fannie Mae and Freddie Mac, which together own or guarantee about half the nation's home loans. http://www.ibtimes.com/articles/20080908/sector-snap-building-materials-makers-post-gains.htm Mon, 08 Sep 2008 12:14:22 EDT Shares of NCI Building Systems Inc., which makes metal products for commercial construction, could see increased activity Thursday after an analyst raised his price target on the stock. http://www.ibtimes.com/articles/20080904/ahead-of-the-bell-analyst-hikes-nci-price-target.htm Thu, 04 Sep 2008 08:17:42 EDT Construction products company NCI Building Systems Inc. said Tuesday its fiscal third-quarter earnings rose nearly 50 percent on increased sales and higher prices for its slate of steel products. http://www.ibtimes.com/articles/20080902/nci-building-systems-profit-rose-in-3q.htm Tue, 02 Sep 2008 17:24:31 EDT The developer of a Dubai skyscraper set to become the world's tallest building says the rising tower now stands at a "new record height" of 2,257 feet. http://www.ibtimes.com/articles/20080901/developer-dubai-tower-at-new-record-height.htm Mon, 01 Sep 2008 08:54:50 EDT China's tallest building, the 101-story Shanghai World Financial Center, will open to the public on Saturday, 14 years after its developer began the project. http://www.ibtimes.com/articles/20080828/chinas-tallest-building-to-open-to-public.htm Thu, 28 Aug 2008 10:51:42 EDT Shares of NCI Building Systems Inc., which makes metal products for nonresidential construction, fluctuated Monday after an analyst boosted his rating and price target on the stock. http://www.ibtimes.com/articles/20080818/nci-building-systems-rises-after-analyst-upgrade.htm Mon, 18 Aug 2008 19:52:53 EDT Building Materials Holding Corp. said Thursday it fell to a loss in the second quarter, as the nation's housing industry continued to falter. The maker of building products said it lost $31.9 million, or $1.10 per share, during the three months ending June 30. That compares with a year-ago profit of $19.4 million, or 66 cents per share. http://www.ibtimes.com/articles/20080814/building-materials-falls-to-2q-loss.htm Thu, 14 Aug 2008 17:00:36 EDT The Empire State Building is shining with Olympic spirit: Each of its top four sides are being lit with the different colors of 66 competing countries. http://www.ibtimes.com/data/articleimgs/108725-empire-state-building-lights.jpg http://www.ibtimes.com/articles/20080814/empire-state-building-shines-with-olympic-pride.htm http://www.ibtimes.com/articles/20080814/empire-state-building-shines-with-olympic-pride.htm Thu, 14 Aug 2008 07:45:13 EDT A five-story building in a crowded residential neighborhood of India's main financial city collapsed Wednesday after monsoon rains, killing at least 20 people. http://www.ibtimes.com/articles/20080813/police-say-11-killed-in-mumbai-building-collapse.htm Wed, 13 Aug 2008 09:38:56 EDT