Friday Jun 26 | Blogging Stocks
Lennar's Q2 doesn't convince me to buy
Lennar , whose colleagues include Toll Brothers and D.R. Horton , reported earnings for the second quarter on Thursday.
Friday Jun 26 | Philadelphia Business Journal
Highest-paid CEOs' comp bucks downturn
While many of their companies saw major declines in net income and stock price, the average total compensation for the 100 highest-paid public company CEOs declined just slightly last year to $3.56 million from $3.64 million in 2007, according to the Philadelphia Business Journal's annual rankings of CEO pay.
Demand driving Toll Brothers to build anew in Philly
Toll Brothers Inc. broke ground on a $100 million, second phase of its Naval Square development in the Grays Ferry neighborhood of Philadelphia, Pa.
Housing Starts, Permits Above Expectations
Home construction climbed in May far above expectations, with single-family starts rising a third month in a row and giving more evidence of stability in the housing sector.
Toll Brothers Adopts Shareholder Rights Plan to Preserve Value of Net Deferred Tax Assets
Toll Brothers, Inc. , the nation's leading builder of luxury homes, announced today that its board of directors adopted a shareholder rights plan to help preserve the value of the Company's net deferred tax assets, by reducing the risk of limitation of net operating loss carryforwards and certain other tax benefits under Section 382 of the Internal ...
Homebuilder confidence dips one point in June
Decline reflects unease over how quickly sector can recover from slump Confidence among U.S. homebuilders fell unexpectedly in June, indicating that a recovery from the housing slump will be slow to develop.
U.S. Stocks Advance on Housing Starts, Permits; Toll Brothers Shares Gain
U.S. stocks gained and the Standard & Poora s 500 Index rebounded from its biggest drop in a month as housing starts topped economistsa estimates in May and higher oil prices lifted energy shares.
Homebuilder Confidence in U.S. Unexpectedly Declines in NAHB Market Index
Confidence among U.S. homebuilders fell unexpectedly in June, indicating that a recovery from the housing slump will be slow to develop.
The Woodlands lures the biggest luxury home builder
Toll Brothers, the luxury home builder that's been hammered by the nation's housing slump, is entering the Houston market.
What's new in the business scene
The Dutchess County Regional Chamber of Commerce will host a ceremony at 11:30 a.m. Friday at One Civic Center Plaza in Poughkeepsie to thank the various businesses and organizations that came together to beautify the downtown Main Street corridor with flower pots.
Homebuilders across the country say they are seeing solid signs the dour, three-year-long housing downturn is ending.
Toll Bros. enter Houston market
Toll Brothers will be building homes such as the St. Michael Provincial in Creekside Park at The Woodlands.
SAIC Net Rises; Toll Brothers Net Loss
SAIC, Inc first quarter revenues rose 12% to $2.65 billion and net income rose 13% to $116 million or 28 cents a share.
Toll Brothers, Sallie Mae, JetBlue are big movers
Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and Nasdaq Stock Market: NYSE Toll Brothers Inc., down $1.29 at $18.24 The luxury homebuilder said it lost $83 million in the second quarter as sales dropped by half and didn't give a profit outlook.
Cardinal Health, CIT Group, Invesco, JetBlue, Valero: U.S. Equity Movers
Shares of the following companies had unusual moves in U.S. trading . Stock symbols are in parentheses and prices are as of 4 p.m. in New York.
The U.S. District Court for the Eastern District of Texas on Tuesday found that a software "workaround" that EchoStar came up with still infringes on TiVo's patents.
Toll Brothers posts narrower loss for Q2
Toll Brothers Inc. said it lost $83.2 million, or 52 cents a share, in its fiscal second quarter as the luxury home builder continues to reduce the value of land and unsold homes on its books to reflect current prices.
Stocks to Watch: Stocks in focus for Wednesday
Among the companies whose shares are expected to see active trade in Wednesday's session are Williams-Sonoma Inc., Toll Brothers Inc., and SAIC Inc.
Wall Street rises for 4th day on housing data
Stocks rose for the fourth straight day on Tuesday as an upbeat report on sales of previously owned U.S. homes bolstered hopes for an economic recovery.
Toll Bros. opening new section of homes in South Barrington
Toll Brothers is hosting a grand opening Friday through Sunday for its newest section of homes at The Woods of South Barrington.