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Spain cuts growth estimate on investment outlook

  Bloomberg Spain’s caretaker government trimmed its growth outlook for next year, citing the prospect that investment in construction and equipment will contribute less to an economy that’s been expanding since the third quarter of 2013. The economy will grow 2.3 percent in 2017, compared with a previous estimate of 2.4 percent, the Economy Ministry said in an e-mailed statement. ...

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Tempur Sealy surges after US housing market helps results

  Bloomberg Tempur Sealy International Inc. shares jumped the most in almost four years after the mattress company’s earnings topped estimates, helped by a rise in U.S. home construction. Second-quarter profit rose to 92 cents a share, excluding some items, the Lexington, Kentucky-based company said on Thursday. That beat the 69 cents estimated by analysts, according to data compiled by ...

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NJ layoffs mount as standoff over roadwork funding persists

  Bloomberg New Jersey construction workers, engineers and even gas-station retailers urged legislators to approve a gasoline-tax increase to fund transportation projects and end a roadwork shutdown that has left thousands without jobs. Legislation opposed by Republican Governor Chris Christie passed the Senate budget committee on Friday. The panel’s chairman, Democratic Senator Paul Sarlo, told reporters he’s still working to ...

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