Toll Brothers Narrows Loss But Sees Grim 2009
Horsham, PA, Dec. 4, 2008-- Luxury homebuilder Toll Brothers Inc. reported a fourth quarter net loss of $78.8 million, or $0.49 per share, which included pre-tax write-downs totaling $175.9 million.
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Oil Prices Fall To Near Four Year Low
New York, NY, Dec. 4, 2008--Oil prices fell Thursday to lows last seen nearly four years ago as more bleak news from the world's largest economy raised fears crude could tumble below $40 by the end of the year.
Initial Jobless Claims Fall, Continuing Claims Up
Washington, DC, Dec. 4, 2008--Initial jobless claims fell to a one-month low, the Labor Department said Thursday.
Treasury Trying To Force Mortgage Rates Lower
Washington, DC, Dec. 4, 2008--The Treasury Department is developing a plan to try to reduce mortgage rates on home loans to 4.5 percent on typical mortgages.
DuPont Expects Loss in Fourth Quarter, Cuts Jobs
Wilmington, DE, Dec. 4, 2008--Chemical maker DuPont said on Thursday it expects to post a fourth-quarter loss and will cut 2,500 jobs as a steep drop in construction, car sales and consumer spending hurt its business.
Wal-Mart Sales Rise as Economy Sinks
Bentonville, AR, Dec. 4, 2008--Wal-Mart Stores said sales rose 3.4 percent in November at U.S. stores open at least a year.
Leonardo Academy Says Milliken Carbon Negative
LaGrange, GA, Dec. 3, 2008--Leonardo Academy has provided third-party carbon negative certification for the global operations of Milliken & Company without purchased offset credits.
Economy Losing Jobs Faster Than Expected
Roseland, NJ, Dec.3, 2008--The U.S. economy lost a quarter-million private-sector jobs in November, worse than economists expected.
Builder Kimball Hill Begins Winding Down Operation
Rolling Meadows, IL, Dec. 2, 2008--Kimball Hill Homes said it has suspended new construction starts and is winding down its operations as it tries to find a buyer for the business.
Mortgage Applications Surge as Rates Fall
Washington, DC, Dec. 3, 2008--Mortgage applications filed last week rose a seasonally adjusted 112.1%, compared with the week before, as borrowers rushed to lock in lower rates.