Friday, Dec 09, 2016
One of America's Great Newspapers ~ Toledo, Ohio

Nation

Construction spending advances 0.1% in month

WASHINGTON -- U.S. construction spending ticked up 0.1 percent in March after two straight months of declines, the Commerce Department reported Tuesday.

The gain left construction spending at a seasonally adjusted annual rate of $808.1 billion. That's 6 percent above a 12-year low of $762.6 billion hit in March, 2011. Still, the level of spending is roughly half of what economists consider to be healthy.

Payless stores' owner agrees to $1.3B offer

NEW YORK -- Collective Brands Inc., which owns shoe store chains Payless and Stride Rite, is to be acquired for about $1.3 billion by a group that includes Wolverine Worldwide Inc., owner of Hush Puppies.

Also in the purchasing group are private investment firms Blum Capital Partners and Golden Gate Capital.

Click to comment

Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem?

Temporibus autem quibusdam et aut officiis debitis aut rerum necessitatibus saepe eveniet.

Copyright © 2015 Toledo Blade

To Top

Fetching stories…