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...In recent years the company — founded by the Carano family of Reno, Nevada in the 1970s — spent roughly $4bn acquiring chains Tropicana Entertainment and Isle of Capri Casinos....
...In recent years the company — founded by the Carano family of Reno, Nevada in the 1970s — spent roughly $4bn buying chains Tropicana Entertainment and Isle of Capri Casinos....
...Toll Brothers lost 3.6 per cent for the week while Lennar slid 5.8 per cent....
...By 2007, Caesars, which had started out 70 years earlier as a single bingo hall in Reno, Nevada, had accumulated more than 50 properties in the US. Annual group revenue exceeded $12bn....
...Shares of Lennar rose as much as 2 per cent to $52.95 before paring back all gains to $51.59 by markets close....
...First-quarter results will also start to trickle out, with figures due from FedEx, Nike, Oracle, Lennar and General Mills....
...Lennar Corp and KB Home, two other US homebuilders, have also reported big jumps in order backlog in quarterly earnings....
...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....
...In other results news, Lennar, a Miami-based homebuilder, posted earnings of 17 cents per share compared with the 6 cents predicted by analysts polled by FactSet Research....
...Instead, markets focused on Lennar , the housebuilder, which beat analysts’ expectations when it announced third-quarter results before the opening bell....
...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....
...A similar trend was seen in cities like Reno-Sparks, Nev., with an 80 percent year-over-year increase in foreclosure activity, Prescott, Ariz., with a 77 percent increase, Jacksonville, Fla., with a 64 percent...
...Lennar, the homebuilder, dropped after Moody’s downgraded its debt, citing concerns about the company’s liquidity position. Its shares lost 5.4 per cent to $7.78....
...In November, in one of the earliest signs of the opportunities in distressed real estate, Lennar, the second biggest US homebuilder, offloaded about 11,000 home sites at a near 60 per cent discount to their...
...Lennar sold JPMorgan 11,000 lots of land at a large loss in December to raise cash....
...Lennar, the third-biggest house builder in the US, reported that it had raised its outlook for the year because of higher house prices. Its shares rose 2.2 per cent to $63.41....
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