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SAO PAULO (Reuters) - Mercedes Benz’s (DAIGn.DE) Brazil operation will hire some 600 contractors in 2019 on year-long contracts to work on commercial vehicles, adding to a workforce of 10,000, the company said on Tuesday. Brazil’s economy is slowly emerging from its worst recession in a century, with unemployment above 11 percent. The recovery mimics growth in the Brazilian auto industry, which has recovered in the past two years but lags behind its peak in 2012. Phillipp Schiemer, Mercedes’ chief executive for Brazil and Latin America, told journalists that about 12,000 people had already applied for 400 open positions. He said he was optimistic about the economy and about Mercedes, which has seen 30 percent growth in its truck business so far this year.

“It had been a long time since we were this optimistic,” Schiemer told journalists at an event in the company’s headquarters in Sao Bernardo stanford university sterling silver cufflinks do Campo, “If we get pension reform and tax reform through, I believe that we have a good chance that (economic recovery) will happen even faster.”, Schiemer also discussed commercial electric vehicles in Brazil, but said he did not expect to see them in the country any time soon, He said the company had already signed contracts to sell self-autonomous vehicles to be used in agribusiness..

(Reuters) - U.S. luxury home builder Toll Brothers Inc (TOL.N) on Tuesday reported its first fall in quarterly orders in more than four years as rising mortgage rates and higher home prices hit demand, sending its shares down as much as 10 percent. Toll’s results are the latest evidence of slowing housing demand after years of steady recovery following the housing crash of 2007-2008. The housing market has been a weak spot in a robust U.S. economy, with economists blaming the sluggish trend on rising mortgage rates, which have combined with higher prices to make home purchase less affordable for potential buyers.

Sales of new U.S, single-family homes plunged to a more than 2-1/2-year low in October, with sharp declines across regions, Toll, whose homes can cost upwards of $2 million, said orders, a key indicator of future revenue, dropped 13.3 percent to 1,715 units in the quarter ended Oct, 31, against the 6.5 percent rise expected by analysts, Those numbers also weighed on shares of other homebuilders, with D.R, Horton Inc (DHI.N), Lennar Corp (LEN.N) and PulteGroup Inc (PHM.N) all down 3-6 percent, Orders fell the most in California, Toll’s biggest market by stanford university sterling silver cufflinks revenue, declining 39.4 percent to 226 units in the quarter, the company said..

“Significant price appreciation over the past few years, fewer foreign buyers in certain communities, and the impact of rising interest rates, all contributed to this slowdown,” Chief Executive Officer Douglas Yearley said, referring to the California market. Pennsylvania-based Toll’s gross margins fell to 21.4 percent in the quarter from 22.3 percent a year earlier, coming in below analysts’ expectations of 22.4 percent. “We continue to find Toll in a particularly difficult position given its high California exposure, with unsustainably high gross margins in the state,” Barclays analyst Matthew Bouley wrote in a note.

Analysts also said Toll’s margins may have been hurt by higher marketing incentives offered by the company to lure buyers, stanford university sterling silver cufflinks Last month, No.1 U.S, homebuilder D.R, Horton (DHI.N) also said it was seeing a rise in incentives in the face of choppy demand as it forecast first-quarter home sales below analysts’ estimates, Toll forecast first-quarter homes sales in fiscal 2019 between 1,350 and 1,550 units, below the 1,554 units expected by analysts on average, according to IBES data from Refinitiv..

ZUG, Switzerland (Reuters) - Siemens (SIEGn.DE) wants to grow its building technologies business faster than the overall construction market next year, possibly with help from acquisitions, the business’ chief executive Matthias Rebellius said on Tuesday. The business, which has its head office in Zug, Switzerland, makes devices and software to control the heating, lighting, energy use and security in so-called smart buildings. Rebellius said he expected the overall construction market to grow by around 3 percent next year, with Siemens taking market share from rivals that include Johnson Controls (JCI.N) and Honeywell (HON.N).

“We want to grow 1 percentage point above the market,” he told journalists at an event in Zug, where the business is due to open an office building and production site on Wednesday after investing 250 million Swiss francs ($251 million), The division is targeting faster growth in Asia, where it currently gets around 10 percent of its sales, as well as focusing stanford university sterling silver cufflinks on digital buildings - which sense, collect and analyze data to improve their energy use, for example, During Siemens’ 2018 financial year, the building technology business’s profit slipped to 755 million euros from 784 million a year earlier, while its sales rose 6 percent to 6.6 billion euros, It achieved a profit margin of 11.4 percent, above its target range of 8 to 11 percent..

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