Construction spending during
February 2009 was estimated at a seasonally adjusted annual rate of $967.5
billion, 0.9 percent below the revised January estimate of $976.2 billion,
according to the Commerce Department. January construction spending fell 3.5
percent.
Wolseley, Reading, UK, parent of Newport News,
VA-based Ferguson, announced it is in the process of disposing of or exiting
its U.S. Materials Building business, Stock Building Supply, by August 1, 2009.
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