Shaw Group Makes Deal. “Construction firm The Shaw Group Inc. (SGR) will build a Lake Charles manufacturing plant and create 1,400 jobs as part of a state tax incentive deal worth $210 million to the company. The Fortune 500 firm has also agreed to keep its headquarters in Baton Rouge and expand that facility with an additional 1,500 jobs, Gov. Bobby Jindal and Shaw executives announced on Tuesday… Shaw will team with Westinghouse Electric Co. on the 600,000-square-foot Lake Charles plant, making structural, piping and equipment modules for Westinghouse's nuclear power plants.” (The Advertiser, Aug. 27)
Home Magazine a Victim of Housing Woes. “Lagardère SCA's Hachette Filipacchi Media U.S… is pulling the plug on its struggling Home magazine. The closure of Home comes less than a year after the demise of Condé Nast Publications Inc.'s House & Garden magazine and Martha Stewart Living Omnimedia Inc.'s Blueprint… HFM U.S., cited sharp declines in the "mid-market home sector" for the decision to close Home, which posted a 47% decline in ad pages in Q2… NAHB: Spending on home additions and alterations declined 5% in 2006 and an estimated 11% in 2007… National Directory of Magazines: This year, the number of home magazines is expected to decline for the first time in five years, after the number of titles increased by 57% between 2002-2007.” (WSJ, Aug. 21)
Columbia Forest Products Sells Formaldehyde-Free Plywood to Competitors. “Columbia Forest Products, which has kept a secret of making green, formaldehyde-free hardwood plywood to itself for more than three years, is now beginning to sell the product to its competitors who make wood composite panels… The move is especially timely because California is implementing increasingly stringent restrictions on formaldehyde off-gassing from building products over the next couple of years. It also comes at a time when more builders are looking to implement green building practices.” (Big Builder Online, Aug.21)
Seeking Alpha's Housing Tracker is a collection of housing-related excerpts from various sources, grouped by topic. Feel free to post any interesting links on the subject in the comments section below.
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