(C) Company News for March 09, 2011 – Corporate Summary
• Citi (NYSE:C) analyst Mark Mahaney upgraded online travel company Expedia (NASDAQ:EXPE) from “Hold” to “Buy ”rating with a target price of $29 per share • Home builders Pulte Group (NYSE:PHM)...
View Article(EU) Stock Market News for March 17, 2011 – Market News
Indices washed out most of the gains of 2011 and plunged significantly as benchmarks S&P 500 and Nasdaq moved into negative territory for the year and the Dow had its worst showing in eight months....
View Article(AOL) Company News for March 24, 2011 – Corporate Summary
• According to a regulatory filing, the Federal Reserve rejected Bank of America’s (NYSE:BAC) plan for a hike in its dividend in the second half of 2011 • Colgate Palmolive (NYSE:CL) announced its...
View Article(DHI) U.S. Housing Industry Still Struggling
The prolonged weakness in the housing industry has extended up to February 2011. Housing starts fell 22.5% year over year to a seasonally-adjusted annual rate of 479,000 units in February, in contrary...
View Article(KBH) Homes Crumble – Mortgage Applications Fall as Rates Rise
The rising mortgage rates in the U.S. have pulled down the total mortgage applications in the country, thereby discouraging home buyers. The 30-year fixed mortgage rate increased slightly to 4.93% from...
View Article(DHI) U.S. Existing Home Sales Up in April
The existing home sales in the U.S. rose in April, marking the second consecutive month of improvement in previously owned homes. Total purchases of existing houses stood at a seasonally-adjusted...
View Article(PCE) Stock Market News for May 31, 2011 – Market News
Investor sentiment was bolstered on Friday, as gas prices eased off and economic data struck a positive note. However, the modest gains ahead of the Memorial Day holiday were not strong enough to...
View Article(DHI) Double Dip in Housing is Official – ValuEngine.com Chief Market...
The latest Case-Shiller data–released today, confirms that housing prices in the U.S. are suffering from a double dip. Home prices fell 4.2% in the first quarter of 2011 and have a hit a new...
View Article(IMF) Stock Market News for June 22, 2011 – Market News
Markets ended in the green for the fourth consecutive day after Greece’s Prime Minister won a confidence vote which may help the nation avoid a sovereign debt default. While the technology and energy...
View Article(XLE) Stock Market News for June 23, 2011 – Market News
Markets ended their four-day winning streak, tumbling in the late session, as the Federal Reserve slashed its growth forecast and provided no indications of further economic stimulus. All the...
View Article(TOL) U.S. Housing: Past and Future
I recently came across this piece written by Larry Kudlow, the host of two shows on CNBC. It is from June 20, 2005: “Homebuilders led the stock parade this week with a fantastic 11 percent gain. This...
View Article(XLE) Stock Market News for June 29, 2011 – Market News
Markets moved significantly ahead on Tuesday, buoyed by optimism that the Greek debt-crisis was nearing a solution and positive economic data that suggested a surge in home prices for the first time in...
View Article(DD) July 28: Positive Labor Market Report – Economic Highlights
The debt ceiling debate continues to monopolize headlines, even as a barrage of earnings reports and a surprisingly positive labor market reading try to gain the market’s attention. Weekly Jobless...
View Article(DD) U.S. Posts Needed Positive Labor Market Report
The debt ceiling debate continues to monopolize headlines, even as a barrage of earnings reports and a surprisingly positive labor market reading try to gain the market’s attention. Weekly Jobless...
View Article(TOL) Toll Brothers Misses Profit Estimate
Toll Brothers Inc. (TOL) reported a net income of $42.1 million or 25 cents per share during the third quarter of fiscal 2011 compared with a net income of $27.3 million or 16 cents per share in the...
View Article(BAC) Company News for September 7, 2011 – Corporate Summary
• Lufkin Industries (NASDAQ:LUFK) said it had concluded an Asset Purchase Agreement to purchase virtually all the assets of Quinn’s Oilfield Supply Ltd for around $303 million • Shares of...
View Article(AXR) U.S. Home Builders Rated by ValuEngine.com
The housing market continues to struggle as news today indicates that new-home sales fell during July to the lowest level in five months. Sales decreased by 0.7% on a monthly basis to a seasonally...
View Article(DHI) Weakness Prevails in U.S. Housing
The weaknesses prevailing in the housing and construction industry in the U.S. have once again come to the fore as the National Association of Home Builders lowered its September outlook. Poor...
View Article(TOL) Toll Brothers Takes Over CamWest
Toll Brothers Inc. (TOL) recently announced that it has acquired CamWest Development LLC. The company did not disclose the financial terms of the deal but stated that it will start reaping benefits...
View Article(XHB) Stock Market News for December 20, 2011 – Market News
Benchmarks moved into the red zone on Monday after European debt crisis escalated following dismal comments by European Central Bank head Mario Draghi. Adding to the gloom was a Wall Street Journal...
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