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Wednesday, April 7, 2010 as of 11:14 AM ET

Pulte Homes

Pulte Homes, Inc () is a Bloomfield Hills, MI based company founded by Bill Pulte. Announced April 8, 2009, Pulte Homes has agreed to acquire Centex - creating the nation's largest homebuilding company in a stock transaction worth $3.1 billion, including $1.8 billion of debt.

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Tepid Economic Data Deliver a Reality Check

Investors received a dose of economic reality on Tuesday as a slew of indicators sent a reminder through the markets that while the U.

S. economy is staying afloat better than some had feared, it is hardly going gangbusters.This reminder was delivered through new data that showed U.S. home prices in metropolitan areas recently tumbled to February 2003 levels, consumer confidence took a surprise retreat in January and a Chicago-area manufacturing index moderated this month.At the same time, the Congressional Budget Office said the U.S. budget deficit will clock in at nearly $1.1 trillion in fiscal 2012, up from earlier estimates and marking the fourth-consecutive year of 13-digit shortfalls.While economic hopes helped drive the Dow to what will likely be its strongest January since 1997, Tuesday’s gloomy news weighed on equities. The benchmark index was off almost 0.5% in early afternoon action.“The improvements we’ve seen in many indicators are encouraging,” said Russell Price, senior e...

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  1. Turnaround Tuesday: Stocks Erase Losses

    FOX Business: The Power to ProsperCapping off a turbulent day on Wall Street, U.S. stocks erased a solid selloff on Tuesday to end with just slight losses as the bul...

  2. Union Protesters Disrupt Mortgage Bankers Conference

    WASHINGTON -(Dow Jones)- A rowdy group of about 200 union protesters shut down a Mortgage Bankers Association conference for about 10 minutes Wednesday, taking over ...

  3. Dow Notches New Two-Year High; Nasdaq Inches Lower

    FOX Business: The Power to ProsperOvercoming a pair of dreary economic reports, the Dow drifted slightly higher on Tuesday to land at a new 28-month high, but failed...

  4. Markets Drift to Pre-Christmas Stalemate

    FOX Business: The Power to ProsperWall Street limped to a very quiet deadlock on Thursday as an avalanche of mixed economic indicators failed to deliver a lump of co...

  5. Red Hot Banks Nudge Markets to New 2-Year Highs

    FOX Business: The Power to ProsperPowered by streaking financial stocks, Wall Street quietly landed on Wednesday at levels unseen in more than two years and the S&P ...

  6. Bears Stay on Sidelines: Dow Adds 107

    FOX Business: The Power to ProsperThe bulls on Wall Street continued their hot start to December by piling another 100 points onto the Dow on Thursday in response to...

  7. Nasdaq Slump Ends, Dow Lags Behind

    FOX Business: The Power to ProsperWall Street ended in a mixed picture on Wednesday as the Nasdaq Composite eked out a mini gain, but the Dow failed to bounce back f...

  8. Goldman Slaps Sell Rating on KB Home, Warns of 2011 Loss

    ReutersShares of KB Home ( KBH ) declined by more than 4% on Tuesday after Goldman Sachs told shareholders to dump the home builder’s stock amid concerns about more ...

  9. Stocks Unfazed by Looming Jobs Friday

    There's No Business Like FOX BusinessWall Street displayed virtually no jobs jitters on Thursday as the bulls used a string of decent economic indicators and improve...

  10. Stocks Suffer Mini Pullback

    There's No Business Like FOX BusinessThe bulls on Wall Street took a breather on Tuesday as the markets gave back a portion of Monday’s 200-point surge amid modest d...

  11. Time Warner: Highest Quarterly Profit Ever

    Time Warner delivered 1Q earnings coming in at $0.61 on an adjusted basis better than the expectation of $0.48, revenue up 5% to $6.3 B.

  12. Homebuilders Surge on New Homes Data

    Homebuilder stocks surged Friday after the  U.S. Department of Commerce reported new home sales jumped 27%, the highest increase in nearly 50 years.Builders had been...

  1. Detroit Entrepreneur Sees New Home Buying Model Forged From Crisis

    Mike Kalis thinks everyone has the potential to be an artist."Whether you're answering phones or managing or putting deals together, it's all the same. You just have...

  2. Making Smart Earnings Estimates

    Sri Rama, Thomson Reuters quantitative research analyst, on how he makes his earnings predictions, and his take on recent outlooks diminishing.

  3. Vice Chairman Timothy Eller Resigns From PulteGroup Board

    NEW YORK -( Dow Jones )- Vice Chairman Timothy R. Eller resigned from the board of builder PulteGroup Inc. (PHM) Thursday, the company said in a securities filing.Th...

  4. Existing Home Sales Slide to Six-Month Low

    Sales of existing homes slumped to a six-month low in May even as prices continued to drop, a new industry report showed on Tuesday, underscoring the deep hole the h...

  5. How to Profit Off of Weak Housing Data

    FBN's Sandra Smith breaks down where to put your money in the housing market.

  6. Dow Drowns in Sea of Crude, Dives 178

    FOX Business: The Power to ProsperIn Wall Street's steepest selloff in three months, the blue chips plunged almost 200 points and the Nasdaq Composite shed nearly 3%...

  7. Markets Brush Up Against Crucial Levels

    FOX Business: The Power to ProsperFollowing in the footsteps of the Dow, the S&P 500 touched the closely-watched 1300 level on Thursday for the first time in two yea...

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