New Construction Starts in April Slide 8 Percent

The value of new construction starts in April fell 8% from the previous month to a seasonally adjusted annual rate of $608.3 billion, according to Dodge Data & Analytics
Source: New feed

Terex Ends Acquisition Talks with Zoomlion, Will Still Sell Port Business to Konecranes

With a self-imposed deadline looming, Terex Corp. has called off talks with Zoomlion Heavy Industry Science and Technology Co. for the China-based equipment maker to acquire the U.S.-based company. Terex had announced on May 16 that it would be selling its material-handling and port-solutions [MHPS] business to Finland-based Konecranes for $1.3 billion, and that deal is expected to close in January 2017. 

Source: New feed