BEFORE THE BELL Alcoa, Pulte Homes, life insurers in the spotlight
MarketWatchBy Simon Kennedy, marketwatch US stock futures were slightly higher Wednesday as insurers got a boost from hopes for government assistance and home builders advanced following a merger, though Alcoa Inc. marked the start of earnings season with ...
Pulte Homes Merges With Rival
Fox5 KVVU, NVLAS VEGAS -- Pulte Homes, one of the largest home builders in southern Nevada, is buying rival Centex Corp. for $1.3 billion in stock. The transaction will create the biggest home construction company in America and expand Pulte’s reach in real estate ...
BEFORE THE BELL- Centex shares jump after Pulte buy
Forbes, NYNEW YORK, April 8 (Reuters) - Shares of Centex jumped 23 percent to $9.40 in premarket trade on Wednesday after the company agreed to be acquired by Pulte Homes for $1.3 billion in stock. For more, see Neither the Subscriber nor Thomson Reuters ...
Morning Watch, April 8
Forbes, NYHome builders got positive news this morning when Pulte Homes ( PHM) announced it would buy Centex ( CTX) for $1.3 billion in stock. Economic news is on the light side this week with traders focusing in on earnings results for the first quarter. ...
$3.1B "Pul-Tex" merger gets mixed reviews
Bizjournals.com, NCThe $3.1 billion “Pul-Tex†merger between Dallas-based Centex Homes with Pulte Homes, announced Wednesday, is generating a mixed reaction from local residential real estate analysts. It’ll be a tough pill for Dallas to swallow, experts said, ...
Lincoln National, Hartford Rally; Ryder Plunges
123Jump.com, FLRyder Systems led decliners in the S&P 500 index with a loss of 16.3% followed by losses in Manitowoc Company of 12.2%, in Pulte Homes Inc of 9.7%, in keycorp of 9.3%, in Comercia Inc of 8.8% and in suntrust Banks of 5.9%. Lincoln National Corp (LNC) ...
Stock Market Update
Briefing.com, CAAlso of importance, Pulte Homes (PHM) and Centex (CTX) announced they will merge their companies. The fact Pulte is paying a hefty premium for Centex suggests Pulte is confident it can achieve certain synergies. Alcoa (AA) unofficially began earnings ...
US Stk Futures Turn Higher, Reversing Early Downtrend
Wall Street JournalThe builders sector will get attention as Pulte Homes Inc. (PHM) said it was buying Centex Corp. (CTX) in an all-stock deal worth $1.3 billion. Centex shares rallied 31% in pre-market trade. Pulte slipped 2.5%. Life insurers may be active as The Wall ...
Talk of new government help dulls economic pain
ReutersPulte Homes (PHM.N) said it planned to buy rival Centex Corp (CTX.N) as it tries to save costs and withstand the housing downturn. Shares of major US life insurers soared after the Wall Street Journal reported that the Treasury Department may allow ...
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