Toll Brothers News

NEW YORK The Dow and the Standard & Poor's 500 index closed at 13-month highs on Wednesday as an upbeat forecast from a top homebuilder and data from China pointed to a strengthening global economy.

The following stocks were among those that moved substantially or traded heavily Wednesday on the New York Stock Exchange: NYSE: Macy's Inc., down $1.57 at $17.86 The department store's third-quarter loss shrunk on inventory controls and localization, while it raised its full-year outlook.

This morning, Citigroup upgraded shares of the FPL Group from Hold to Buy. Analysts at the firm believe the company will boost earnings in the coming quarters as it is set to push through a rate increase in Florida.

The stock market resumed a broad advance as a slumping dollar lifted commodities and Federal Reserve officials signaled that borrowing would remain inexpensive.The advance Wednesday comes a day after stocks mostly fell in light trading after a week of steep gains.

Toll Brothers Inc. says buyers signed 42 percent more contracts to buy new homes in its fourth fiscal quarter, but revenue dropped because the luxury builder has fewer communities around the country.

There's not much to like about real estate these days. After five years of unprecedented home price appreciation, prices are falling back to their historical trend line.

High-end homebuilder Toll Brothers Inc. has been battered by the depressed housing market.

Robert I. Toll, Chairman and Chief Executive Officer of Toll Brothers, Inc. , the nation's leading builder of luxury homes, today announced the promotion of Douglas C. Yearley, Jr.

Toll Brothers, Inc. , the nation's leading builder of luxury homes, will make presentations to the investment community via live audio webcast at the UBS Building & Building Products 7th Annual CEO Conference on Wednesday, November 18, 2009 at 10:50 a.m. and at Citi's 6th Annual Small/Mid Cap Conference on Thursday, November 19, 2009 at 12:00 p.m.

Estimates were boosted through 2010. Company is seeing lower input costs. Neutral rating and new $60 price target.

This morning, TD Newcrest upgraded shares of Barrick Gold from Buy to Action List Buy as the company is the top pick among established gold producers.

MetLife Slumps: Financial troubles continue. Housing Help: Senate reaches homebuyer tax credit compromise.

Sales of new houses fell in September, sending many builders' stocks lower Wednesday.

As earnings results poured in over the past week and a half, all I could imagine were the emails from the CEOs of various American-based multinationals to our leaders in Washington.

Lenders trying to seize control of the parent company of two bankrupt Philadelphia newspapers won a judge's approval to use money owed to them as part of their bid, a move that could deliver the papers to their hands.

A super-prime mortgage crisis? Payments will rocket upwards on millions of well-off mortgage holders.

The housing market took a big step in its healing process in August as pending home sales soared by 6.4% to the fastest pace since March 2007, an industry group said on Thursday.

With regard to the stock market, legendary investor Bernard Baruch was sure of only one thing: "It will fluctuate." Baruch's remark is the stock market's only guarantee, and it's no less trueA for the various industries that make up the business environment.

Home-builder stocks were mixed on Tuesday as optimism over U.S. house values rising for the third straight month was tempered by a lackluster report on consumer confidence.

Toll Brothers, Inc. , today announced the preliminary results for the previously announced tender offer by Toll Brothers Finance Corp., a wholly-owned subsidiary, for up to $150 million in aggregate principal amount of its 6.875% Senior Notes due 2012 and 5.95% Senior Notes due 2013 and an amendment to the terms of such tender offer.