NOGALES, Ariz.-- A bipartisan group of senators crafting a sweeping immigration bill vowed Wednesday that they would be ready to unveil it when Congress reconvenes in less than two weeks after getting a firsthand look at a crucial component of their legislation: security along the U.S.- Mexico border.
DENVER-- Biofuel Energy Corp. is exploring strategic options, including potentially selling one or both of its ethanol plants, after receiving a notice of default from lenders. Denver- based Biofuel Energy said Tuesday that it has engaged Piper Jaffray& Co. as its financial adviser to help it explore its options.
DENVER-- Colorado's largest water utility is poised to declare a Stage 2 drought, meaning mandatory watering restrictions would kick in Monday. Denver Water's board intends to make the declaration Wednesday.
The Englewood, Colo., company said Wednesday that it now expects adjusted earnings between $2.05 and $2.15 per share, on revenue in a range of $740 million to $760 million. CSG said that about 20 percent of its total revenue in 2012 came from Comcast. CSG said that the new contract with Comcast runs through Feb. 28, 2017, with an extension option.
*In a previously undisclosed case, prosecutors are examining whether JPMorgan Chase& Co failed to fully alert authorities to suspicions about Bernard Madoff, according to several people with direct knowledge of the matter.
NEW YORK, March 26- By one measure, the U.S. housing market turned a significant corner early this year: Prices are on the rise everywhere. Definitely we're seeing more evidence of a rebirth of the housing market, "index co-creater and Yale economics professor Robert Shiller told Reuters Insider."
NEW YORK, March 26- By one measure, the U.S. housing market turned a significant corner early this year: Prices are on the rise everywhere. "Definitely we're seeing more evidence of a rebirth of the housing market," index co-creater and Yale economics professor Robert Shiller told Reuters Insider. "
*S&P ends less than 1.5 points below 2007 record closing high. NEW YORK, March 26- U.S. stocks rallied on Tuesday, with the Dow climbing more than 100 points to another record close and the S&P 500 coming within striking distance of its all-time closing high, as strong data on home prices and manufacturing fed optimism about the economy.
NEW YORK, March 26- U.S. stocks rose on Tuesday, pushing the S&P 500 within striking distance of its all-time high, as strong data on home prices and manufacturing fed optimism about the economy, although the improvements were seen as slow.
NEW YORK, March 26 Fitch Ratings has assigned initial credit ratings to Forest City Enterprises, Inc. as follows:. --Bank revolving credit facility' BB-';. FCE's leverage was high at 11.9 x for the nine months ended Oct. 31, 2012.
NEW YORK-- Shares of Molycorp tumbled to an all-time low Tuesday, after a Stifel Nicolaus analyst cut his earnings estimates for the rare earth mineral company and said its results will continue to be pulled down by high costs.
*DuPont gains broad licensing of Monsanto technology. *Deal throws out $1 bln court verdict DuPont owed Monsanto. *DuPont shares fall, Monsanto's rise on news.
*Netflix shares jump after analyst raises price target. NEW YORK, March 26- U.S. stocks rose on Tuesday, driving the S&P 500 within striking distance of its all-time high, as strong data on home prices and manufacturing fed optimism about the economy, although the improvements were seen as slow.
*DuPont gains broad licensing of Monsanto technology. *Deal throws out $1 bln court verdict DuPont owed Monsanto. *DuPont shares down 0.6 percent; Monsanto up 3.8 percent.
The Nasdaq Composite Index was up 8.70 points, or 0.27 percent, at 3,244.. **D.R. HORTON INC, $24.31, down 1 pct** PULTEGROUP INC, $20.17, down 1 pct** TOLL BROTHERS INC, $35.13, down 0.1 pct** LENNAR CORP, $41.61, up 0.1 pct** KB HOME, $22.02, up 0.1 pct. The Commerce Department said on Tuesday sales dropped 4.6 percent to a seasonally adjusted annual rate of 411,000 units.
**GOLDMAN SACHS GROUP, $147.34, up 1 percent. Goldman Sachs Group Inc will give Berkshire Hathaway millions of shares in the company in place of warrants that date to the financial crisis, a deal that saves Berkshire money upfront and reduces dilution risk for Goldman. **ZIOPHARM ONCOLOGY INC, $1.90, down 62 percent.
**GOLDMAN SACHS GROUP, Monday close $146.11, up 1 percent premarket. **BERKSHIRE HATHAWAY, Monday close $153,784.00. Goldman Sachs and Berkshire Hathaway have amended the warrants Berkshire holds as part of the lifeline it gave Goldman during the financial crisis, a change that Goldman said would ensure Berkshire remains a long-term investor in the bank.
March 26- Standard& Poor's on Tuesday released its Standard& Poor's/Case-Shiller home price index for January. NOT SEASONALLY SEASONALLY ADJUSTED ADJUSTED.
The benchmark S&P 500 index traded just a quarter point below its all-time closing high on Monday, then retreated as investors cashed in gains in the wake of news out of Europe. **ZIOPHARM ONCOLOGY INC, Monday close $5.13, down 60 percent premarket. **RF MICRO DEVICES, Monday close $4.91, up 5 percent premarket.
*Texas/ Okla Panhandles and southwest Kansas wheat likely harmed. CHICAGO, March 26- A deep freeze early this week likely harmed some of the U.S. "It was well within the parameters of damage in southwest Kansas, the west Oklahoma Panhandle, far northwest Texas and southeast Colorado," said Don Keeney, meteorologist for MDA Weather Services.