International Business News - MAS 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 Shares of building materials suppliers fell Monday after release of a government report showing a larger-than-expected drop in construction during October. http://www.ibtimes.com/articles/20081201/sector-snap-building-materials-suppliers-sliding.htm Mon, 01 Dec 2008 11:51:51 EST Among the premarket stories for Thursday, Nov. 20, from AP Financial News: NEW YORK (AP)--Ambac Financial Group Inc.'s agreement to reduce its exposure to troubled collateralized debt obligations late Wednesday led an analyst to reduce her projected losses for the struggling bond insurer. http://www.ibtimes.com/articles/20081120/premarket-roundup-ambac-charles-schwab.htm Thu, 20 Nov 2008 09:29:48 EST The dependence of Masco Corp., which makes home-improvement and building products, on residential remodeling led an analyst Thursday to cut his share price target and trim earnings estimates. http://www.ibtimes.com/articles/20081120/ahead-of-the-bell-masco-corp.htm Thu, 20 Nov 2008 07:57:52 EST Makers of building materials faced more bad news Wednesday as the U.S. government reported residential housing construction in October fell to its lowest pace ever. http://www.ibtimes.com/articles/20081119/sector-snap-building-materials-suppliers.htm Wed, 19 Nov 2008 15:26:00 EST Shares of building materials suppliers fell Thursday, along with the broader market, as analysts cut earnings estimates and a gravel and crushed rock supplier unveiled a big capital expenditure reduction. http://www.ibtimes.com/articles/20081113/sector-snap-building-materials-suppliers.htm Thu, 13 Nov 2008 14:01:50 EST Shares of construction materials suppliers fell Tuesday after two major customers issued downbeat reports and an analyst suggested that the sector's decline could continue. http://www.ibtimes.com/articles/20081111/sector-snap-suppliers-of-building-materials-fall.htm Tue, 11 Nov 2008 11:24:47 EST Standard & Poor's said Wednesday it is considering whether to lower its credit ratings on Masco Corp. after the building products maker reported a weak third quarter. http://www.ibtimes.com/articles/20081105/s-p-warns-of-possible-downgrade-for-masco.htm Wed, 05 Nov 2008 13:58:28 EST Among the earnings stories for Tuesday, Oct. 28, from AP Financial News: Top stories: http://www.ibtimes.com/articles/20081028/earnings-roundup-royal-caribbean-masco.htm Tue, 28 Oct 2008 10:57:27 EDT Among the earnings projection stories for Tuesday, Oct. 28, from AP Financial News: HOUSTON (AP)--Oilfield services company Smith International Inc. on Tuesday increased its full-year profit outlook, saying the integration of its acquisition of W-H Energy Services Inc. is proceeding well. http://www.ibtimes.com/articles/20081028/outlook-roundup-smith-international-bemis.htm Tue, 28 Oct 2008 10:56:43 EDT Executives at Sam's Club, Wal-Mart Stores Inc.'s warehouse club division, told investors Tuesday that the company plans to open a new Mas Club store that sells products imported from Mexico to cater to Hispanic customers. http://www.ibtimes.com/articles/20081028/sams-club-to-open-store-to-cater-to-hispanics.htm Tue, 28 Oct 2008 14:04:27 EDT Building-products maker Masco Corp. on Tuesday halved its full-year profit expectation and said sales have continued to fall. The company said it now expects to earn 25 to 30 cents per share for the full year, down from prior guidance of 50 to 65 cents per share. Analysts surveyed by Thomson Reuters were expecting a profit of 61 cents per share. http://www.ibtimes.com/articles/20081028/masco-slashes-outlook-as-sales-fall.htm Tue, 28 Oct 2008 09:06:55 EDT Building-products maker Masco Corp. said Tuesday third-quarter profit fell by almost 84 percent as the market for new homes stayed weak and consumers held back on home-improvement projects. The company slashed its profit guidance for the year. http://www.ibtimes.com/articles/20081028/masco-3q-profit-fell-84-percent-slashes-outlook.htm Tue, 28 Oct 2008 08:26:56 EDT Amid the turmoil on Wall Street, leaders from two global companies hard hit by economic and industrial upheavals were expected to unveil plans Monday for a national convention being held next year to discuss the future of manufacturing, technology, energy and the environment. http://www.ibtimes.com/articles/20080922/ford-dow-execs-announce-national-summit.htm Mon, 22 Sep 2008 08:51:04 EDT Fresh evidence Wednesday that the nation remains gripped by a severe housing downturn hammered shares of building materials suppliers. The Commerce Department said housing construction dropped a surprise 6.2 percent last month to a seasonally adjusted annual rate of 895,000 units. That's the slowest building pace since January 1991, another period when housing was going through a painful correction. http://www.ibtimes.com/articles/20080917/building-materials-suppliers-off-on-housing-report.htm Wed, 17 Sep 2008 19:54:26 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 Repairs and reconstruction needed for thousands of homes across Louisiana and Texas in the wake of hurricanes Gustav and Ike will boost sales for building material manufacturers, but not nearly enough to offset the effects of the nation's housing slump. http://www.ibtimes.com/articles/20080915/manufacturers-get-ike-boost-but-remain-in-slump.htm Mon, 15 Sep 2008 14:39:42 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 Home improvement and building supplies company Masco Corp. said Friday that it is raising its quarterly divided despite the drop in the housing market. http://www.ibtimes.com/articles/20080912/masco-corp-increases-quarterly-dividend.htm Fri, 12 Sep 2008 10:15:31 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