Ian Mccarthy News
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Compensation for the chief executive officer of Beazer Homes USA Inc. would rise 67 percent under a proposal by the company’s board.
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Beazer Homes USA Inc. ’s directors were sued by shareholders who contend the homebuilder’s executive compensation plan shortchanges investors by rewarding managers for shoddy performance.
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Beazer Homes USA Inc. Chief Executive Officer Ian McCarthy agreed to return $6.5 million in a clawback of compensation he received while the firm doctored financial statements as the housing crisis unfolded, the Securities and Exchange Commission said.
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Beazer Homes USA Inc., the builder that’s piled up $1.8 billion of losses since the collapse of the U.S. housing market, is buying time until the U.S. economy recovers by replenishing its capital with stock and bond sales.
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Harrison David, one of five Columbia University students arrested on drug charges in December, was sentenced to six months in jail and five years of probation yesterday.
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Federal Reserve Chairman Ben S. Bernanke may be about to get help in his attempt to boost the economy, from an industry at rock-bottom: housing.
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The U.S. Securities and Exchange Commission settled a suit with Beazer Homes USA Inc.’s former finance chief over stock-sale bonuses he got while the homebuilder’s accounting statements were out of compliance with federal law.
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Home prices dropped more than forecast in October, a sign housing will remain a weak link as the U.S. recovery accelerates into the new year.
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Construction spending in the U.S. unexpectedly rose in October, lifted by the biggest gain in residential projects in six months.
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Confidence among U.S. homebuilders was unchanged in December from a month earlier, indicating residential construction will stay near depressed levels.
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