Hints and tips:
...Lennar Corp was 1.1 per cent lower to $39.27, KB Home fell 2 per cent to $16.66 and DR Horton declined 0.7 per cent to $19.95....
...Lennar Corp and KB Home, two other US homebuilders, have also reported big jumps in order backlog in quarterly earnings....
...The Japanese group already has irrevocable undertakings to accept its offer from shareholders representing 47.71 per cent of ProStrakan’s equity, including Warburg Pincus, Aberforth, LMS Capital and Schroders...
...Mr Golden is a partner at Revolution LLC, an investment group, and Mr Wilson heads up the Graduate Management Admissions Council, a not-for-profit education association....
...Lennar gained 2 per cent to $18.78, while KB Home declined 0.5 per cent to $16.27. The sector is broadly up 19 per cent year-to-date on a rebound in new home sales....
...DR Horton and KB Home rallied 5.6 per cent to $13.92 and 4.1 per cent to $21.16, respectively....
...KB Home, the fourth-largest US housebuilder, said deteriorating lending conditions could affect the projected recovery in housing....
...KB Home, one of this year’s star performers on the stock market, fell 1 per cent to $75.00 after Credit Suisse First Boston reduced the homebuilder from “neutral” to “underperform”....
...Shinsei said on Thursday that LTCB Investment LLC, Ripplewood Holdings Special Interest LP, PaineWebber Capital, KB Japan and 92 others plan to offer a part of the shares they receive to the public....
International Edition