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SeekingAlpha.com (Free subscription) | 20/11/2009
Ockham Research submits: On Wednesday we wrote a piece talking about the strange upgrade of Pulte Homes ( PHM ) by an analyst at Citigroup ( C ). At that time ( Upgrade Trumps Macro-Economics for Homebuilders ), we reiterated our Overvalued stance on Pulte, the largest in the group thanks to its acquisition of Centex, as we have that stance on most homebuilder stocks right now. In the Citigroup analysts’...
SeekingAlpha.com (Free subscription) | 18/11/2009
Ockham Research submits: Wednesday morning the Commerce Department released figures that homebuilding activity in the U.S. had unexpectedly fallen in October. The reasoning was that increased joblessness in addition to doubts that the homebuyer tax credit would be renewed weighed on homebuilders. Homebuilders slipped to an annual pace of only 529,000 homes which is 11% lower than last year and the...
ABC News (Free subscription) | 18/11/2009
Shares of homebuilders follow Pulte higher, brushing off reports showing weak housing sector Pulte Homes - United States - Centex - Housing - Business
Market Watch (Free subscription) | 18/11/2009
BOSTON (MarketWatch) -- Citigroup analyst Josh Levin on Wednesday upgraded shares of Pulte Homes Inc. to buy from hold and lifted his target price by a dollar to $12. "Our upgrade is predicated largely on valuation," the analyst wrote in a report to clients. Based on the stock's roughly 20% underperformance since the Centex merger closed in August and conversations with investors, "we...
PR News Wire (Free subscription) | 13/11/2009
DALLAS, Nov. 13 /PRNewswire/ -- Lockton Dallas recently added Vice President and Producer Steve Pierce to its team of property and casualty experts in Dallas, Texas. He joins having served as the Executive Vice President of Guaranty California Insurance Services and previously as risk manager of Centex Homes.
Paramus Post (Free subscription) | 11/11/2009
— Small Number of Residences Remain at Monmouth County’s Premier Townhome Community — Pulte Homes’ Metropolitan New York/New Jersey Division has announced that at The Village at Chapel Hill, its impressive townhome community in Middletown, N.J. — acquired during the company’s recent merger with Centex — only a limited number of the community’s 120 luxury...
The Real Estate Bloggers (Free subscription) | 10/11/2009
With stimulus provided by the new homeowners tax credit, we saw an increase in home sales in the 3rd Quarter of 2009. That is the good news. The bad news, prices dropped 11.2 percent from 2008 levels, ones anyone who watches real estate know were anemic. Prices did rise in 30 of the 153 metro [...] Thanks for reading this post. If you would like to see more articles like this, please come visit The...
Green Car Congress (Free subscription) | 10/11/2009
ActaCell, a Li-ion battery spin-off from the University of Texas at Austin, was selected by the state of Texas, through the Austin Chamber of Commerce and the Central Texas Regional Center of Innovation and Commercialization (CenTex RCIC), to be awarded...
Business Wire (Free subscription) | 10/11/2009
AUSTIN, Texas--(BUSINESS WIRE)--ActaCell, an innovator in next generation high power lithium ion batteries, is proud to announce it was selected by the state of Texas, through the Austin Chamber of Commerce and the Central Texas Regional Center of Innovation and Commercialization (CenTex RCIC), to be awarded investment by the Texas Emerging Technology Fund (ETF). The ETF selection means a $250,000...
Detroit Free Press (Free subscription) | 08/11/2009
Pulte Homes Inc., the Bloomfield Hills-based homebuilder that bought competitor Centex Corp. in August, says it will cut 800 jobs in connection with the purchase. The restructuring will mostly be completed by early 2010, Pulte said Friday in a regulatory filing. Pulte has spent $31.8 million on severance costs and expects to spend a total of $42.5 million.
US News & World Report (Free subscription) | 06/11/2009
The Centex Humane Society’s Second Chance Animal Shelter in Killeen, Texas, suffered a terrible loss his past weekend when smoke from an early morning fire killed a third of the shelter’s residents – 15 dogs and nearly 100 cats. A dozen more suffered injuries so severe they had to be euthanized. The fire [...]
San Fransisco Chronicle (Free subscription) | 04/11/2009
The following stocks were among those that moved substantially or traded heavily Wednesday on the New York Stock Exchange: NYSE: Pulte Homes Inc., up 32 cents at $9.55 Pulte lost $361.4 million in the third quarter, but with the acquisition of Centex Corp.,... Pulte Homes - New York Stock Exchange - Centex - Business - Investing
The Nashville Business Journal (Free subscription) | 04/11/2009
Pulte Homes Inc. posted a third-quarter net loss of $361.4 million in part on expenses tied to its merger with Centex Corp. The company also attributed the loss to inventory impairments and other land-related charges. (PHM)
The Street (Free subscription) | 04/11/2009
Pulte Homes widens its loss in the third-quarter due to the acquisition of Centex.
Rocky Mount Telegram - Business (Free subscription) | 04/11/2009
Pulte completed its purchase of Centex in August, making the combined company the nation's largest b...
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