Beacon Roofing Supply Inc. has adopted a poison pill defense as the building products company pushes back against a hostile takeover approach from QXO Inc.

Beacon Roofing Supply has started soliciting interest from potential buyers as it looks to fend off an $11 billion takeover bid from rival QXO Inc., people familiar with the matter said.

FedEx Corp. is planning a major van facility in Louisville as it expands and modernizes its ground service, according to documents on file with the Louisville Planning Department.

Unexpected declines in U.S. new-home construction and building permits in April indicate the market is off to a weak start this quarter, government data showed May 16.