Ailing builder bets on N.J. (The Record)
New Jersey is the key to Tarragon Corp.'s survival, the real estate development company's top executive says. Tarragon has been slammed by the sinking real estate and credit markets, forcing the Manhattan-based company to default on payments to vendors and lenders....more...U.S. Stocks Fall, Led by Financials; Countrywide, Lennar Drop (Bloomberg.com)
Aug. 27 (Bloomberg) -- U.S. stocks fell after a report showed the glut of unsold homes rose to a 16-year high last month and analysts said reduced demand for mortgage securities may hurt earnings at Countrywide Financial Corp....more... Existing-Home Sales Fall Again in July (Builder Online)
For a fifth straight month, existing-home sales in the U....more... Tokyo stocks may drop after Wall Street fall (Reuters via Yahoo! Asia News)
TOKYO, Aug 28 (Reuters) - Japanese stocks are seen heading lower on Tuesday following falls on Wall Street and a stronger yen, with high-tech exporters such as Sony Corp and bank shares likely to be sold amid concerns about the U.S. economy....more... NFL owner wants to catch on in Hollywood (The State)
ASHBURN, Va. ? Washington Redskins owner Daniel Snyder is hoping to score with his new passion, Hollywood, which often is a risky game for outsiders. The 42-year-old?s business playbook includes making such TV shows as ?The Golden Globes? through Dick Clark Productions, financing Tom Cruise?s production company, control of Six Flags Inc. theme parks and ownership of Johnny Rockets restaurants. ......more... U.S. Stock-Index Futures Fall Before Housing Data; GE Retreats (Bloomberg.com)
Aug. 27 (Bloomberg) -- U.S. stock-index futures declined before a home-sales report today that may show the worst housing recession in 16 years remains a drag on the economy....more... Levitt asks $2 a share in rights offering (BizJournals)
Levitt Corp. has set a per-share price of $2 for its proposed rights offering of up to 100 million shares of its Class A common stock....more... U.S. Stock-Index Futures Drop; Toll Brothers, Home Depot Fall (Bloomberg.com)
Aug. 27 (Bloomberg) -- U.S. stock-index futures declined before a home-sales report today that may show the worst housing recession in 16 years continues, weighing down economic growth....more... Toll Brother 3Q Earnings Drop 84 Percent--and Still Beat Expectations (BuildingOnline)
HORSHAM, PA -- Luxury Homebuilder Toll Brothers posted an 84 percent decline in earnings during its latest quarter, a performance that still topped expectations from Wall Street. Toll's net income was $26.5 million, compared to $174.6 million during the same period last year....more... |