Loading…
Monday, December 22, 2014
Current Weather
Loading Current Weather....
HomeNewsNation
Published: Tuesday, 5/1/2012

Construction spending advances 0.1% in month

BLADE STAFF AND NEWS SERVICES

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.



Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. If a comment violates these standards or our privacy statement or visitor's agreement, click the "X" in the upper right corner of the comment box to report abuse. To post comments, you must be a Facebook member. To find out more, please visit the FAQ.