Hedge-fund manager Todd Schoenberger once said "Homeownership is for suckers." It's way beyond that now, he says.» Read More
*Wisconsin Energy to buy Integrys for $9.1 bln. Financial data firm Markit's Composite Purchasing Managers' Index for the euro zone fell more than expected, though the HSBC/ Markit Flash China Manufacturing Purchasing Managers' Index rose into expansion territory for the first time in six months.
Toll Brothers' second-quarter profit more than doubled from a year ago thanks to the niche market it serves, the company's CEO said.
U.S. stocks started little changed on Wednesday after the S&P 500's record close the prior session.
Toll Brothers CEO Douglas Yearley, discusses the impact of interest rates on home builders and the overall state of the housing market.
*Valeant raises cash component of Allergan bid; shares fall. NEW YORK, May 28- U.S. stocks barely budged on Wednesday as an absence of economic catalysts put technicals in focus and kept the S&P 500 near its newest intraday record.
*Valeant ups cash component of Allergan bid; shares fall. NEW YORK, May 28- U.S. stocks slipped, with technicals in focus and scant key items on the U.S. economic calendar, as the S&P 500 hit yet another intraday record in early trading Wednesday.
*Toll Brothers, Michael Kors up after earnings; DSW drops. NEW YORK, May 28- U.S. stocks were set to open little changed on Wednesday, with technicals in focus and scant key items on the U.S. economic calendar, following yet another record close on the benchmark S&P 500 index.
U.S. stock index futures pointed to gains on Wall Street Wednesday, buoyed by a strong finish on Tuesday when the S&P 500 set a new record following a batch of better than expected economic reports.
*Toll Brothers, Michael Kors up after earnings; DSW drops. NEW YORK, May 28- U.S. stock index futures edged up on Wednesday, with technicals in focus and scant key items on the U.S. economic calendar, following yet another record close on the benchmark S&P 500 index.
May 28- Toll Brothers Inc, the largest U.S. luxury homebuilder, said quarterly profit more than doubled as it sold more homes at higher prices. Toll Brothers said its average selling price rose about 22 percent to $706,000 in the second quarter ended April 30.
Toll Brothers, the largest U.S. luxury home builder, said quarterly profit more than doubled as it sold more homes at higher prices.
May 28- Toll Brothers Inc, the largest U.S. luxury homebuilder, said quarterly profit more than doubled as it sold more homes at higher prices. The company's net income rose to $65.2 million, or 35 cents per share, in the second quarter from $24.7 million, or 14 cents per share, a year earlier.
With stocks hitting yet another high, the question is whether bond yields could be getting ready to lift off.
U.S. stock index futures added to gains Tuesday after the long holiday weekend as investors cheered a better-than-expected durable goods orders report.
Just because next week is a short week, doesn’t mean Jim Cramer intends to rest. Quite the opposite.
Talking Squawk, the official "Squawk Box" blog, provides tidbits, insights, and some sarcastic reflections on the WEEK THAT WAS and the WEEK TO COME.
Some of Thursday's midday movers:
NEW YORK, April 30- When it came time for Tom Moser and his wife to consider having his 83- year-old father move in with them, a house with a special multigenerational floor plan solved their problems- and may have saved his dad's life.
WASHINGTON, April 23- Sales of new U.S. single-family homes tumbled to their lowest level in eight months in March, dashing hopes for a quick turnaround for a sector that fell into a soft patch last summer. The Commerce Department said on Wednesday sales dropped 14.5 percent to a seasonally adjusted annual rate of 384,000 units.
Some of Wednesday's midday movers: