International Business News - LEN http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif A government report on new home construction and building permit applications for June is forecast to show declines as builders scrapped development plans amid the ongoing housing slump. http://www.ibtimes.com/articles/20080717/ahead-of-the-bell-housing-starts.htm Thu, 17 Jul 2008 05:52:15 EDT A reading of housing developers' sentiment about the U.S. market is expected to remain at its all-time low in July. The National Association of Home Builders/Wells Fargo housing market index for the month is scheduled to be released Wednesday at 1 p.m. EDT. http://www.ibtimes.com/articles/20080716/ahead-of-the-bell-builder-sentiment.htm Wed, 16 Jul 2008 05:58:27 EDT Housing stocks mostly rose Tuesday despite a report that showed pending home sales fell to their third-lowest level in May, as investors found some relief in remarks from the Federal Reserve chief. http://www.ibtimes.com/articles/20080708/sector-snap-housing-stocks-mostly-rise.htm Tue, 08 Jul 2008 12:29:13 EDT Data to be released on Tuesday is expected to show a decline in pending home sales in May. The National Association of Realtors' index of pending home sales is designed to predict completed transactions. http://www.ibtimes.com/articles/20080707/on-the-watch-pending-home-sales.htm Mon, 07 Jul 2008 18:03:47 EDT Housing stocks plunged Monday after a media report said a Federal Reserve official expects home prices and construction spending to continue to fall well into 2009. http://www.ibtimes.com/articles/20080707/housing-shares-drop-after-fed-officials-comment.htm Mon, 07 Jul 2008 13:26:55 EDT In a July 1 story about a JP Morgan analyst note on homebuilders, The Associated Press erroneously reported two of analyst Michael Rehaut's statements. http://www.ibtimes.com/articles/20080702/correction-jp-morgan-homebuilders-story.htm Wed, 02 Jul 2008 09:09:04 EDT JP Morgan analyst Michael Rehaut said downward pressure on housing stocks is likely to persist because of higher interest rates, less help with down payments and declining company cash flow. http://www.ibtimes.com/articles/20080701/analyst-note-homebuilders-face-headwinds.htm Tue, 01 Jul 2008 18:22:20 EDT Among the stock activity stories for Tuesday, July 1, from AP Financial News: NEW YORK (AP)--Lennar Corp. shares fell to a nearly eight-year low Tuesday, continuing a downward trend, after the company reported dismal fiscal second-quarter results last week. http://www.ibtimes.com/articles/20080701/movers-roundup-lennar-avocent.htm Tue, 01 Jul 2008 15:22:55 EDT Lennar Corp. shares fell to a nearly eight-year low Tuesday, continuing a downward trend, after the company reported dismal fiscal second-quarter results last week. http://www.ibtimes.com/articles/20080701/lennar-shares-hit-8-year-low.htm Tue, 01 Jul 2008 18:52:04 EDT A government report due Tuesday is forecast to show that construction activity fell 0.5 percent in May, as pain in the housing sector continued to outweigh gains in other parts of the economy. http://www.ibtimes.com/articles/20080701/ahead-of-the-bell-construction-spending.htm Tue, 01 Jul 2008 06:17:08 EDT Oil near $143 on view dollar will keep falling NEW YORK (AP)--Oil futures climbed to a new record near $143 a barrel Friday as the dollar weakened against the euro, confirming expectations that the falling greenback, a major factor in crude's stratospheric rise, will extend its decline and add to oil's appeal. http://www.ibtimes.com/articles/20080627/business-highlights.htm Fri, 27 Jun 2008 18:06:24 EDT Among the stock activity stories for Friday, June 27, from AP Financial News: NEW YORK (AP)--Shares of Christopher & Banks hit a 52-week low Friday after the women's apparel retailer reported a weak fiscal second-quarter outlook amid a difficult retail environment. http://www.ibtimes.com/articles/20080627/movers-roundup-christopher-banks-lennar.htm Fri, 27 Jun 2008 14:41:00 EDT The Standard & Poor's 500 Index wobbled at midday Friday following the previous session's steep drop, as investors remained jittery over a fresh record in oil prices but got some relief from a Commerce Department report that personal spending rose. http://www.ibtimes.com/articles/20080627/midday-leaders-laggards-s-p-500.htm Fri, 27 Jun 2008 12:27:09 EDT Shares in Lennar Corp. plunged toward a 52-week low Friday, continuing a sharp decline started Thursday after the builder reported poor second-quarter results. http://www.ibtimes.com/articles/20080627/lennar-shares-continue-to-slide-after-big-loss.htm Fri, 27 Jun 2008 11:43:34 EDT KB Home's latest quarterly results capped a week of discouraging trends for the homebuilding sector Friday. The Los Angeles-based builder reported a larger second-quarter loss and a 55 percent drop in revenue. And the housing slump continued to eat away at the value of its assets, prompting it to book charges to account for the lower value of unsold homes, joint venture deals and land option contracts. http://www.ibtimes.com/data/articleimgs/80710-kb-home.jpg http://www.ibtimes.com/articles/20080627/home-losses-widen-255-fiscal.htm http://www.ibtimes.com/articles/20080627/home-losses-widen-255-fiscal.htm Fri, 27 Jun 2008 17:23:19 EDT Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and Nasdaq Stock Market: NYSE http://www.ibtimes.com/articles/20080626/lennar-citigroup-rite-aid-among-big-movers.htm Thu, 26 Jun 2008 18:54:11 EDT Nonprofit groups are battling with the Bush administration over whether to kill programs that allow homebuyers without the money for a down payment to get funds from sellers that are channeled through charities. http://www.ibtimes.com/data/articleimgs/79781-home-loan-assistance-fight.jpg http://www.ibtimes.com/articles/20080626/home-loan-aid-programs-could-be-cut-in-housing-bill.htm http://www.ibtimes.com/articles/20080626/home-loan-aid-programs-could-be-cut-in-housing-bill.htm Thu, 26 Jun 2008 13:55:58 EDT Housing stocks faltered Thursday after a major builder reported a quarterly loss and data showed home prices continued to fall last month. Lennar Corp. paced the decliners, falling 10 percent to $13.12 in morning trading. The Miami builder reported a fiscal second-quarter loss and said it expects the housing market to deteriorate more in 2008. http://www.ibtimes.com/articles/20080626/sector-snap-homebuilders-slide-on-price-data.htm Thu, 26 Jun 2008 11:44:50 EDT KB Homes reports fiscal second-quarter earnings Friday. The following is a summary of key developments and analyst opinion related to the period. OVERVIEW: The Los Angeles-based homebuilder is expected to report another quarterly loss as the housing sector continued to contract during what is typically one of the busiest selling seasons. http://www.ibtimes.com/articles/20080626/earnings-preview-kb-home.htm Thu, 26 Jun 2008 10:35:00 EDT Homebuilder Lennar Corp. said Thursday it managed to narrow its second-quarter loss, but CEO Stuart Miller gave a dour outlook for the industry, saying the housing market has yet to hit bottom and ruling out the prospects of a recovery this year. http://www.ibtimes.com/data/articleimgs/79957-earns-lennar.jpg http://www.ibtimes.com/articles/20080626/lennar-2q-loss-narrows-sees-worsening-conditions.htm http://www.ibtimes.com/articles/20080626/lennar-2q-loss-narrows-sees-worsening-conditions.htm Thu, 26 Jun 2008 16:48:50 EDT