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Big writedowns and merger costs, combined with an $800 million tax refund, bring the Michigan-based builder close to breaking even.
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Pulte, now the biggest builder in the country, increases its yearly savings estimates from $350 million to $440 million.
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Newly merged home builder taps auto industry marketing expert Deborah W. Meyer to strengthen the company's brands.
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Shareholders of the two home builders approve a merger, creating the largest home building company in the U.S.
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CEO Dugas sees positives and negatives in the company's second quarter earnings.
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But merging with Centex might push the company into the black by next year.
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But many appear to think the merger makes sense.
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Moody's and S&P quickly put watches on the $6.2 billion in debt that will be carried by a combined Pulte-Centex, but Fitch takes a more positive view.
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The combination gives the new home building company a better chance of returning to profitability sooner, according to executives.
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Combined firm could control Atlanta, Chicago, Las Vegas, and Riverside-San Bernardino markets and exert big influence in others.