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News (35)


RPM Announces Record Q4, Staff Changes

Multinational holding company RPM International announced historic results for its fourth quarter in fiscal 2015, which ended May 31.


AkzoNobel Reports 'Solid' Q1

AMSTERDAM—Rising revenues and operating income across all businesses graced the first quarter of 2015, despite continuing economic headwinds, AkzoNobel reported Tuesday (April 21).


Hempel Seeking New CEO

LYNGBY, DENMARK—In an unusually public statement, Hempel A/S has announced both the impending retirement of its chief executive officer and the search for his successor.


Accidents Add Income Insult to Injury

If you shatter your leg (or worse) in a fall from a scaffold, who is going to shoulder the six-figure medical bills? And fill the income gap while you recover?


DOT Debars ‘Disadvantaged’ Millionaire

With an estimated net worth in excess of $13 million, Cindy Taylor Stewart and her company don't fit anyone's definition of disadvantaged—including Uncle Sam's.


Architectural Mission Goes Bankrupt

A visionary nonprofit that for 15 years mounted architectural and design solutions to global problems has shut down and plans to file for bankruptcy.


Industry Executives Feel a Pay Pinch

U.S. construction and engineering may be bouncing back, but one surprising player is not feeling the love: the boss.


Injury Reporting to Increase Jan. 1

It shouldn't take three employees hospitalized at once before an employer is required to report the accident that led to it, federal safety officials say.


AkzoNobel Joins ‘100 Cities’ Effort

Building on its own Human Cities urban renewal campaign, AkzoNobel has now thrown its support behind 100 Resilient Cities, a new global project of The Rockefeller Foundation.


Developer Gets 8 Years for Hit-Man Plan

His lawyer called it an "offhand comment," but the FBI heard Daniel Dvorkin’s secretly recorded conversations another way: as a clear plan have a hit man murder a creditor owed $8.2 million....


U.S. Toughens Injury Reporting Regs

Sharpening its focus on severe injuries in the workplace, the U.S. will step up accident reporting requirements for employers as of Jan. 1.


U.S. Focuses on Temp Worker Safety

Aiming to avert simple mistakes that can kill or maim untrained workers in their first day on a job, the U.S. has issued new guidance for employers charged with safety.


AkzoNobel to Revamp Performance Coatings

AkzoNobel will slim down and retool its sprawling Performance Coatings business, one of the company's three major divisions.


PPG Awards $340K in Scholarships

The PPG Industries Foundation has awarded more than $340,000 in scholarships in 2014 to 54 U.S students who live in communities where the company operates.


Prison to Be Construction Family Affair

The Fraziers, owners of C.E. Frazier Construction Co. Inc. and a variety of long-troubled spinoffs, are all going to jail.


Bill Hooks Contractors for Sub Pay

If your sub or labor temp agency is shortchanging its workers, is that your problem? It will be—at least, in California—if one legislator has his way.


Study: Workers Ready to Leave Jobs

Construction, engineering and building employers should step up their game if they want to head off a mass exodus of workers this year, a new survey suggests.


Contractor Settles Painter Wage Case

A longtime Pittsburgh-based industrial painting company has agreed to pay more than $25,000 in back wages and damages to 26 painters who were defrauded of their rightful pay, the Department ...


Mammoth Find Slows Project

At first, the crews thought it was a pipe or a tree root. But it looked so much bigger—mammoth, you might say—and so much older.


AkzoNobel’s No. 2 to Step Down

Keith Nichols, 53, the chief financial officer who led AkzoNobel during a turbulent period in 2012 and oversaw its largest acquisition, will leave his position June 30 “after eight highly su...


Prison, Massive Fines in Historic Fraud

Two former executives of a Pennsylvania bridge concrete manufacturer are headed to prison in what authorities call the largest Disadvantaged Business Enterprise scam in U.S. history.


Fines, Education Follow Wage Fraud

"Do as I say, not as I did" will be a Chicago contractor's message for peers, as the company pays a hefty fine and agrees to educate others after defrauding nearly 100 workers of their fair ...


Contractor Ends Minority Case for $875K

A U.S.-based multinational contractor will pay $875,000 to settle discrimination claims involving hundreds of African American, Hispanic and Asian American job applicants.


3rd CEO in 2 Years Joins Ben Moore

Paint maker Benjamin Moore & Company has appointed a career retailing executive as its third CEO in two years.


AkzoNobel Plans Global Restructuring

Having wrapped the sell-off of major segments of its architectural coatings division, AkzoNobel has announced plans to aggressively reorganize and streamline the rest of the business by the ...


Another CEO Fired at Benjamin Moore

For the second time in 15 months, Warren E. Buffett has abruptly canned the head of his paint and coatings business.


AkzoNobel Takes Sustainability Crown

Despite its recent setbacks, the world’s largest paint and coatings maker is also one of the world’s most sustainably driven companies, according to a widely respected new global ranking.


AkzoNobel Plans New Wave of Downsizing

AkzoNobel continues to shrink its European footprint, with a new plan to close more than half of its German offices in the wake of recent divestments.


Roofing Suit to Cost RPM $65M+

Carboline parent RPM International Inc. will pay more than $65 million to settle allegations that its Tremco business price-gouged and sold defective roofing materials to dozens of governmen...


OSHA Whistleblower Awarded $820K

The federal agency tasked with protecting corporate whistleblowers has just signed an $820,000 settlement with one of its own, who had accused the agency of complicity in underreporting inju...


Bid-Rigging Scandal Engulfs 15 Firms

Years of contract collusion involving six World Cup stadiums and hundreds of other public and private projects have 15 South African construction firms facing $140 million in potential fines...


Firm Told to Rehire Nuke Whistleblower

A senior engineer who was fired after raising safety concerns during construction at a Kansas nuclear power plant must be reinstated and compensated more than $260,000, federal regulators ha...


Standoff Grips $120M Problem Project

Not so fast. That's the word from Montgomery County, MD, which has advised Washington, D.C.'s transit agency that it cannot simply bail out of a troubled $120 million project that it ...


Agency Wants Out of Botched $120M Hub

Already $80 million over budget and more than two years behind schedule, a $120 million Maryland transit center will not be used as planned because its structural flaws are too expensive to ...


2 Coating Company Owners Get Prison

Two owners of a western Pennsylvania powder coating company have been sentenced to federal prison for bilking investors out of $1.4 million.


 
 
   

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