Hovnanian Enterprises News

She sold her 12th-floor pad to a hedgie for $40 million and bought a fourth-floor apartment -- from home builder Ara Hovnanian -- for $33 million.

Philanthropist Lily Safra, widow of banker Edmond Safra, sparked a three-way trade of luxury Manhattan apartments, selling her place to hedge fund founder Ken Griffin and buying from homebuilding chief Ara K. Hovnanian.

From left: Lily Safra, Ken Griffin and 820 Fifth Avenue In a high-end game of musical chairs, socialite and philanthropist Lily Safra sold one cooperative apartment at 820 Fifth Avenue at 63rd Street for $40 million to a hedge fund manager and on the same day bought another in the same building for $33 million from home building CEO Ara Hovnanian.

Hovnanian Enterprises Inc. filed Annual Report for the period ended 2009-10-31. HOVNANIAN ENT.

Several stocks trading near $5 were poised to move on above-average volume during Thursday's session.

U.S. stock futures rose on Wednesday, along with oil and other commodity prices, ahead of a statement from the Federal Reserve that's expected to signal no major changes in monetary policy.

Residential construction firm Hovnanian Enterprises reported earnings after the close on Wednesday and reported a worse than expected loss.

Low interest rates, a stabilizing housing market and a potential shortage of new homes in the near future makes this a perfect time to buy a home for many people, according to a panel of experts who appeared Monday, Dec.

Homebuilder Hovnanian surprised analysts by reporting a wider than expected loss, but what's puzzling is why the market is surprised at all.

Shares of Hovnanian Enterprises Inc. were off about 10% in early trading Thursday after the company reported a deeper-than-expected quarterly loss.

Among the companies whose shares are expected to see active trade in Thursday's session are Citigroup Inc., First Solar Inc., General Mills Inc.

The following stocks were among those that moved substantially or traded heavily Thursday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE: Citigroup Inc., down 25 cents at $3.20 The bank priced a 5.4 billion stock offering at a nearly 9 percent discount in order to repay bailout aid.

On Dec. 16, a MarketWatch column about the after-hours trading session gave the incorrect forecast for Hovnanian Enterprises Inc.'s /quotes/comstock/13*!hov /quotes/nls/hov results.

U.S. stock futures fell Thursday, as a post-Fed hangover of worries over tightening policy helped dent sentiment as the dollar rallied.

Citigroup shares sank 3% in heavy after-hours volume Wednesday after a news report said the U.S. government would not sell some of its stake in the company alongside a separate secondary offering.

Hovnanian Enterprises Inc., one of the nation's largest homebuilders, reports fiscal fourth-quarter earnings on Wednesday.

Dallas, TX - Joy Global Inc. is forecast to report fiscal fourth-quarter earnings of $1.01 a share on $932.26 million of revenue.

Earnings released during business-cycle transition periods often offer investors visibility on the pace of recovery in specific sectors, but that's probably not the case with the homebuilders, especially Hovnanian Enterprises , reporting tomorrow, and arguably the worst positioned of any homebuilder heading into 2010.

The earnings reports keep on coming! I just went over seven companies that analysts see posting higher quarterly results this week than they did a year earlier.

The US economy will reward nerdiness more than muscle over the next 10 years, stressing education and training more than manual skills.