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The FDIC chair defends her mortgage modification crusade, bank bailouts, and more.
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Sector takes off as overall market rallies on news that bond insurer will maintain top credit rating.
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Package would give company $135 million in much needed cash to keep the business operating while management attempts to restructure.
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In a conference call, Pulte execs said the company generated $780 million cash through sales of built-out land and homes, some of them spec.
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Big Builder's bi-weekly blog roundup for Jan. 31.
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Markets drop more than 1% at open on a jump in jobless claims and flat consumer spending in December.
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Loss widens to $893.3 million with a $622 FAS 109 charge, but company ends the year with $1.1 billion in cash and nothing on its revolver.
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Analysts will be fixed on whether the company hit its goal of having $1 billion in cash on hand as of the end of 2007.
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Takes funds rate down to 3%; meets street expectations; stocks rise, but builders fall, on the news.
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According to CEO Timothy Eller, though the industry has not yet seen a stabilization of pricing or inventory levels, the company
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The economy nearly stalled in the fourth quarter with a growth rate of just 0.6 percent, capping its worst year since 2002.
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Sales drop 10%, closings drop 20% and prices drop 11%; company takes $554 million in impairments and other charges and $500 million in a FAS 109 deferred tax write-down.
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Jan. 29--WESLEY CHAPEL -- The developers of Wiregrass Ranch confirmed Monday that Pulte Home Corp. has pulled out as the massive project's master builder.
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In a confernce call with analysts, company executives provide details on 12 active joint ventures as they accentuate the positives in fourth-quarter results.
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Company announces agreement with majority of creditors as it seeks to continue operating as it restructures its equity and all its unsecured debt.
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Company reports a 50% drop in net income to $67.3 million for the fourth quarter and a decline of 43% to $333.9 million for all of 2007, both compared to the same period in 2006.
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Case Shiller Index records an 8.4% annual decline through November, the biggest drop since it was created.
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Company writes off $202 million but maintains positive cash flow and reduces debt.
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Big Builder blog roundup for January 28, 2008
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Annual sales rate falls to lowest level in more than 12 years; sales for the year off 26.4% to 774,000. Median price falls 10.85%.