Red Bank News
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Starts of new U.S. homes fell more than forecast in April to a five-month low, indicating a pause in the industry’s progress as builders slowed work on apartments. Building permits surged to an almost five-year high.
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Housing starts in the U.S. probably fell in April from an almost five-year high, indicating a pause in the industry’s progress as builders slowed work on apartment buildings, economists said before a report today.
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High-frequency firms deploying fast computers made $7.2 billion in trading profits in 2009. After the May 6 10-minute crash, regulators are studying how to put the brakes on.
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Blackstone Group LP’s credit arm agreed to acquire a group of housing development sites from Hovnanian Enterprises Inc. with plans to sell them back to the homebuilder under a $125 million deal.
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A cowboy-hat-wearing robot with “Sell” emblazoned across its chest adorns a wall-length mural in the lounge of RGM Advisors LLC in Austin, Texas. Another robot, with “Buy” on it, wobbles toward a green Wall Street sign as two machines tote spark-emitting high-speed cables.
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Hovnanian Enterprises Inc., the best-performing U.S. homebuilder stock in the past 12 months, reported a narrower loss for its fiscal first quarter as sales and orders increased amid a housing rebound.
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New residential construction probably increased in February, pointing to more progress in the housing industry that’s helping power the U.S. expansion, economists said before a report today.
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Construction hiring jumped in February by the most in almost six years, highlighting the benefits to the U.S. economy from a revitalized housing market.
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Hovnanian Enterprises Inc., the best-performing U.S. homebuilder stock this year, reported a narrower loss for its fiscal fourth quarter as sales increased in a recovering U.S. housing market.
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Hovnanian Enterprises Inc., the largest homebuilder in New Jersey, plans to sell 25 million shares to buy debt.
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