The museum retained a construction company to shore up the 40-foot-wide sinkhole that formed early Wednesday and repair the building where the floor caved in, Executive Director Wendell Strode said.
STORY: Watch sinkhole swallow 8 Corvettes
About 25 cars were on display inside the Sky Dome, a separate building joined by a hallway to the main museum, before the collapse. All but the eight that tumbled into the hole were moved to safety.
"The vehicles at the National Corvette Museum are some of the most significant in automotive history," Mark Reuss, executive vice president of General Motors Global Product Development said in a statement from his offices in Warren, Mich. "There can only be one 1 millionth Corvette ever built. We want to ensure as many of the damaged cars are restored as possible so fans from around the world can enjoy them."
Best Gold Stocks To Watch Right Now: Forge Group Ltd (FRGXF)
Forge Group Limited is engaged in construction, commercial building, engineering, maintenance and workshop fabrication. Forge is the holding company of Cimeco Pty Ltd, Webb Construction West Africa Ltd, Abesque Engineering Ltd (Abesque) and CTEC Pty Ltd, which provide a range of engineering and construction services to a diverse range of clients particularly to the resource and oil and gas sectors through its operating entities. Cimeco provides construction services across a range of disciplines, including, commercial building, civil, concrete, structural, mechanical, piping, tanks and electrical. Webb specializes in structural, mechanical and pipe installation, tank fabrication and erection. Abesque specializes in the provision of engineering design, project management services to the resources sector, including base metals, gold and iron ore. In January 2014, Forge Group Limited announced that BlackRock Inc. and subsidiaries had ceased to be the substantial holder of the Company. Advisors' Opinion:- [By MARKETWATCH]
LOS ANGELES (MarketWatch) -- Australia stocks started solidly lower Tuesday, weighed by large losses on Wall Street, with the S&P/ASX 200 (AU:XJO) retreating 0.8% to 5,248.90. Globally sensitive stocks were among the leading decliners after a 1.3% pullback for the S&P 500 (SPX) in the U.S., with financial major Macquarie Group Ltd. (AU:MQG) (MCQEF) falling 2.2%, News Corp. (AU:NWS) (NWS) -- the parent of MarketWatch, publisher of this report -- off 1.4%, and construction-material firm James Hardie Industries SE (AU:JHX) (JHIUF) 1.2% lower. Miners came under pressure, with BHP Billiton Ltd. (AU:BHP) (BHP) down 0.9% and Oz Minerals Ltd. (AU:OZL) (OZMLF) dropping 1%, while Forge Group Ltd. (AU:FGE) (FRGXF) tumbled 12.8% after issuing a profit warning. On the upside, mild gains overnight for Comex gold futures helped the fortunes of some gold extractors, helping Newcrest Mining Ltd. (AU:NCM) (NCMGF) and Evolution Mining Ltd. (AU:EVN) (CAHPF)
Best Construction Companies To Own For 2014: Wolseley PLC (WOS)
Wolseley plc is a specialist trade distributor of plumbing and heating products to professional contractors and a supplier of building materials in North America, the United Kingdom and Continental Europe. The Company operates in seven segments: USA, UK, Canada, Nordic, France, Central and Eastern Europe, and Group. On September 1 2009, the Company acquired Decorative Product Source, Inc, a company engaged in the distribution and supply of construction materials and services. On January 8, 2010, the Company disposed of 100% of Wolseley Ireland Holdings Limited, which comprised all the Company's businesses in the Republic of Ireland and the Brooks business in Northern Ireland. In November 2011, the Company announced that it had completed the sale of its remaining interest in Stock Building Supply to The Gores Group. In April 2012, the Company sold its Brossette, the French Plumbing and Heating business to Saint Gobain. In October 2012, the Company acquired Davis & Warshow, Inc. Advisors' Opinion:- [By Inyoung Hwang]
Wolseley Plc (WOS) added 3.1 percent to 3,296 pence, its largest gain in more than five weeks. The world�� biggest distributor of plumbing and heating products said so-called trading profit in the 12 months through July climbed to 725 million pounds ($1.2 billion) from 665 million pounds a year earlier. Analysts had predicted earnings of 704 million pounds, according to the average of 20 estimates compiled by the company. Wolseley proposed a special dividend payout of 300 million pounds.
Best Construction Companies To Own For 2014: Granite Construction Inc (GVA)
Granite Construction Incorporated (Granite), incorporated on January 24, 1990, is a diversified heavy civil contractors and construction materials producers in the United States. The Company operates in four segments: Construction, Large Project Construction, Construction Materials and Real Estate. The Company operates nationwide, serving both public and private sector clients. Within the public sector, it primarily concentrates on heavy-civil infrastructure projects, including the construction of roads, highways, mass transit facilities, airport infrastructure, bridges, dams and other infrastructure related projects. Within the private sector, it performs site preparation and infrastructure services for residential development, commercial and industrial buildings, and other facilities. The Company owns and leases substantial aggregate reserves and own a number of construction materials processing plants. It also has contractor-owned heavy construction equipment fleets in the United States. In December 2012, it purchased 100% interest of Kenny Construction Company (Kenny).
Construction
Revenue from its Construction segment was approximately 47% of its total revenue during the year ended December 31, 2012. Revenue from its Construction segment is derived from both public and private sector clients. The Construction segment performs various heavy civil construction projects with a large portion of the work focused on new construction and improvement of streets, roads, highways, bridges, site work and other infrastructure projects. These are typically bid-build projects completed within two years.
Large Project Construction
Revenue from its Large Project Construction segment was 41.4% of its total revenue in 2012. The Large Project Construction segment focuses on large, complex infrastructure projects, which typically have a longer duration than its Construction segment work. These projects include major highways, mass transit facilities, bridges, tunn! els, waterway locks and dams, pipelines, canals and airport infrastructure. This segment primarily includes bid-build, design-build and construction management/general contractor contracts. It participates in joint ventures with other construction companies mainly on projects in its Large Project Construction segment. Joint ventures are typically used for large, technically complex projects, including design/build projects, where it is desirable to share risk and resources. Joint venture partners typically provide independently prepared estimates, shared financing and equipment and often bring local knowledge and expertise.
The Company also utilizes the design/build and construction management/general contract methods of project delivery. Under the construction management/general contract method of delivery, it contracts with owners to manage the design phase of the contract with the understanding that it will negotiate a contract on the construction phase when the design nears completion. Revenue from design/build and construction management/general contract projects represented 74.5% of Large Project Construction revenue in 2012.
Construction Materials
Revenue from its Construction Materials segment was 11.1% of its total revenue in 2012. The Construction Materials segment mines and processes aggregates and operates plants that produce construction materials for internal use and for sale to third parties. It has aggregate reserves that it has acquired by ownership in fee or through long-term leases. Aggregate products used in its construction projects represented approximately 42.7% of its tons sold during 2012.
Real Estate
Granite Land Company (GLC) is an investor in a diversified portfolio of land assets and provides real estate services for other Granite operations. GLC�� investment portfolio consists of residential, as well as retail and office site development projects for sale to home and commercial property developers. The range! of its i! nvolvement in an individual project may vary from passive investment to management of land use rights, development, construction, leasing and eventual sale of the project. Generally, GLC has teamed with partners who have local knowledge and expertise in the development of each property. GLC�� investments are located in Washington, California and Texas. Revenue from GLC was 0.2% of its total revenue in 2012.
Advisors' Opinion:- [By James E. Brumley]
Last week, the headlines reporting the U.S. Census Bureau's construction numbers for November were a little alarming. Overall construction spending� fell 03% -- a big deal for this particular industry -- suggesting heavy construction stocks like MasTec, Inc. (NYSE:MTZ) and Granite Construction Inc. (NYSE:GVA) were in big trouble after a lackluster 2014. The headlines were a little (perhaps more than a little) misleading, though.
- [By Wallace Witkowski]
Some of the companies most dependent on government for revenue are Harris Corp. (HRS) �with 80% of revenue government-derived; Granite Construction Inc. (GVA) �with 58%; Flir Systems Inc. (FLIR) �with 54%; and Waste Management Inc. (WM) � and Republic Services Inc. (RSG) �both with 50%, according to Goldman Sachs.
- [By Louis Navellier]
If we look at the sector using Portfolio Grader, we see that many of the big names in the group like Flour (FLR), Granite Construction (GVA) and KBR incorporated (KBR) are rated ��ell.��The anticipated spending for both government and private industry simply hasn�� materialized, and the companies are not seeing revenue or profit growth.
Best Construction Companies To Own For 2014: Opus International Consultants Ltd (OIC)
Opus International Consultants Limited is a supplier of multidisciplinary consultancy and project management services across a range of disciplines including, civil, mechanical and electrical engineering, and planning, environmental, architectural and property management. The Company operates in four segments: New Zealand, United Kingdom, Australia and Canada. Services supplied support asset development and asset management activities of the Company�� clients. Asset management services include property management and asset maintenance services predominantly using our engineering and environmental specialists. Asset development services include civil, mechanical and electrical engineering, planning, environmental and architectural work. Effective September 3, 2013, Opus International Consultants Ltda majority-owned unit of Opus Group Bhd acquired Stewart, Weir & Co Ltd. Advisors' Opinion:- [By John McCamant]
Nektar Therapeutics (NKTR) is expected to get FDA approval this year for its lead drug naloxegol, a once-a-day pill for opioid-induced constipation (OIC). The drug is licensed to AstraZeneca. NKTR will receive up to $245 million in milestone payments, plus royalties.
Best Construction Companies To Own For 2014: Stanley Black & Decker Inc.(SWK)
Stanley Black & Decker, Inc. manufactures tools and engineered security solutions worldwide. The company?s Security segment provides a range of mechanical and electronic security products and systems, as well as various security services consisting of security integration systems, software, and related installation, maintenance, monitoring services; automatic doors, door closers, and exit devices; healthcare storage and supply chain solutions; patient protection products; hardware; and locking mechanisms. This segment sells its products to retailers; educational, financial, and healthcare institutions; and commercial, governmental, and industrial customers through direct sales forces and third party distributors. Its Industrial segment offers mechanics tools and storage systems, including wrenches, sockets, electronic diagnostic tools, tool boxes, and industrial storage and retrieval systems; engineered healthcare storage and retrieval systems; hydraulic tools and accessor ies; plumbing, heating, and air conditioning tools; assembly tools and systems; and specialty tools. This segment sells its products to industrial customers through third party distributors and direct sales forces. The company?s Construction & Do-It-Yourself segment manufactures hand tools, including measuring and leveling tools, planes, hammers, demolition tools, knives and blades, saws, chisels, and consumer tackers; consumer mechanics tools; storage units comprising plastic and metal tool boxes; and pneumatic tools and fasteners for use in construction, remodeling, furniture making, pallet and manufacturing applications. This segment sells its products to professional end users and consumers through retailers, including home centers, mass merchants, hardware stores, and retail lumber yards. The company was formerly known as The Stanley Works and changed its name to Stanley Black & Decker, Inc. in March 2010. Stanley Black & Decker was founded in 1843 and is based in New B ritain, Connecticut.
Advisors' Opinion:- [By Caroline Bennett]
The Board of Directors for industrial tool producer Stanley Black & Decker (NYSE: SWK ) has approved an increase to its quarterly dividend. The company's payout will go up $0.01 to a total of $0.50 per share, and will be payable on Sept. 17 to recorded shareholders as of Sept. 6.
- [By Laura Brodbeck]
Wednesday
Earnings Expected From: Bank of New York Mellon Corporation (NYSE: BK), Stanley Black & Decker, Inc. (NYSE: SWK), US Bancorp (NYSE: USB), Bank of America Corp (NYSE: BAC), Pepsico, Inc. (NYSE: PEP), American Express Company (NYSE: AXP), eBay Inc. (NASDAQ: EBAY) Economic Releases Expected: US Beige Book, Canadian manufacturing sales, US CPIThursday
- [By Motley Fool Staff]
Power tools for the handy pop
As much as I'd love to fill my closet with another dated paisley print tie off the discount rack, what I'd really like are some new tools in the shed and shares of�Stanley Black & Decker� (NYSE: SWK ) in my portfolio.� - [By Jim Jubak]
Blankfein's less than confident tone, of course, raises that issue at Goldman, but you can see it even more clearly in Stanley Black & Decker's (SWK) third quarter report from October 16, before the market opened in New York. On the news, the shares fell 14.25% on the day, as the company missed on revenue for the quarter, and then lowered guidance for the full 2013 year that ends with the December quarter. The new guidance looks for earnings per share of $4.90 to $5.00, well below the company's previous guidance of $5.40 to $5.65.
Best Construction Companies To Own For 2014: Fomento de Construcciones y Contratas SA (FCC)
Fomento de Construcciones y Contratas SA (FCC) is a Spain-based company, which is primarily engaged, together with its subsidiaries in the construction and environmental services sector. The Company�� activities include the collection, treatment and elimination of solid urban waste, street cleaning, sewer system maintenance, green areas and buildings maintenance, urban transport, treatment and elimination of industrial waste, full-service water supply management and cement manufacture. The Company is also active in the real estate development, as well as in the renewable energy industry. In addition, the Company is a parent of Grupo FCC, a group which comprises a number of controlled entities. Advisors' Opinion:- [By Quick Pen]
The Federal Communications Commission (FCC) and the Department of Justice (DoJ) do not want the number of players in the telecom sector to shrink below four ��Verizon, AT&T, Sprint, and T-Mobile. To this Sprint�� Son argues that the industry already has four players ��Verizon that purchased Vodafone�� stake in it, AT&T which plans to acquire DirecTV (DTV), and Comcast (CMCSA); Sprint would be the fourth one. But these antitrust issues have been a challenge for Sprint.
- [By Live Investor]
What does the FCC have to say? The regulator�� reaction is nothing surprising. After Son met the Federal Communications Commission (FCC) to convince them about the prospects of the proposed deal, Reuters reported that FCC chairman Tom Wheeler wasn�� quite impressed and had dubious thoughts on it.
Best Construction Companies To Own For 2014: Caesarstone Sdot-Yam Ltd (CSTE)
Caesarstone Sdot-Yam Ltd. (Caesarstone), incorporated on December 31, 1989, through its subsidiaries, is engaged in the manufacturing of engineered quartz surfaces sold under its premium Caesarstone brand. Caesarstone�� products consist of engineered quartz slabs, which are sold in 42 countries. The Company�� products are primarily used as kitchen countertops in the renovation and remodeling end markets. Other applications include vanity tops, wall panels, back splashes, floor tiles, stairs and other interior surfaces that are used in a range of residential and non-residential applications. On May 18, 2011, the Company completed the acquisition of 75% of the shares of U.S. Quartz Products, Inc.
During the year ended December 31, 2011, it acquired its former United States distributor, Caesarstone USA. As of December 2011, the Company has subsidiaries in Australia, Singapore, Canada and the United States, which is engaged in the marketing and selling of the Company�� products in different geographic areas. Through its design and manufacturing processes it offers a range of colors, styles, designs and textures. Its four diverse collections include Classico, Supremo, Motivo and Concetto. Kibbutz Sdot-Yam owns 70.1% of the Company�� outstanding shares.
Advisors' Opinion:- [By Lisa Levin]
CaesarStone Sdot-Yam (NASDAQ: CSTE) shares climbed 10.43% to $48.49. The volume of CaesarStone Sdot-Yam shares traded was 348% higher than normal. CaesarStone Sdot-Yam reported better-than-expected Q2 results.
- [By John Udovich]
After the bedroom, the kitchen is probably the place where we spend the most time awake in our homes with small cap kitchen stocks Caesarstone Sdot-Yam Ltd (NASDAQ: CSTE) and American Woodmark Corporation (NASDAQ: AMWD) along with diversified midcap Fortune Brands Home & Security Inc (NYSE: FBHS) all putting in a good performance. After all, any sort of housing recovery with more new homes being sold will�help kitchen stocks and so will increased sales of older or foreclosed homes that need to have their kitchens remodeled. But which is the better kitchen stock for investors? Here is�closer look at all three:
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