News: Lennar Corp (LEN.N)

Wed, Mar 20 2013

US STOCKS-Wall St gains as Fed leaves stimulus in place

* Federal Reserve sticks to stimulus in statement * Cyprus banking crisis a reminder of global risks * Homebuilders' stocks jump after Lennar earnings * Dow up 0.4 pct; S&P 500 up 0.7 pct; Nasdaq up 0.8 pct By Caroline Valetkevitch NEW YORK, March 20 - U.S. stocks climbed on Wednesday, with the S&P 500 snapping a three-day losing streak as the Federal Reserve reassured investors that it would keep supporting the economy. The housing sector's stocks ranked amo

US STOCKS-Wall St extends gains as Fed leaves stimulus in place

* Federal Reserve sticks to stimulus in statement * Cyprus banking crisis a reminder of global risks * Homebuilders' stocks jump after Lennar earnings * Dow up 0.5 pct; S&P 500 up 0.7 pct; Nasdaq up 0.8 pct By Caroline Valetkevitch NEW YORK, March 20 - U.S. stocks added to gains after the Federal Reserve said it was pressing forward with aggressive efforts to stimulate the economy. In their statement, Fed officials said unemployment remains too high and noted

US STOCKS-Wall St extends gains as Fed leaves stimulus in place

* Federal Reserve sticks to stimulus in statement * Cyprus banking crisis a reminder of global risks * Homebuilders' stocks jump after Lennar earnings * Dow up 0.5 pct; S&P 500 up 0.8 pct; Nasdaq up 0.8 pct By Caroline Valetkevitch NEW YORK, March 20 - U.S. stocks added to gains after the Federal Reserve said it was pressing forward with aggressive efforts to stimulate the economy. In their statement, Fed officials said unemployment remains too high and noted

Lennar beats estimates on surging home sales

- No. 3 U.S. homebuilder Lennar Corp reported a first-quarter profit well above market expectations as lower interest rates and rising rents encouraged consumers to buy new homes, sending its shares up as much as 5 percent.

UPDATE 3-Lennar beats estimates on surging home sales

March 20 - No. 3 U.S. homebuilder Lennar Corp reported a first-quarter profit well above market expectations as lower interest rates and rising rents encouraged consumers to buy new homes, sending its shares up as much as 5 percent.

US STOCKS-Wall St up ahead of Fed statement, eyes on Cyprus

* Federal Reserve seen sticking to stimulus * Cyprus banking crisis a reminder of global risks * Homebuilders' stocks jump after Lennar earnings * FedEx shares slide after results * Dow up 0.4 pct; S&P 500 up 0.5 pct; Nasdaq up 0.5 pct By Rodrigo Campos NEW YORK, March 20 - The Dow industrials hit a record intraday high on Wednesday as U.S. stocks resumed their rise ahead of a statement from the Federal Reserve expected to reinforce the view that the Fed will

BRIEF-Lennar up in premarket after Q1 results

NEW YORK, March 20 - Lennar Corp : * Up 1.3 percent to $41.97 in premarket after Q1 results

Lennar profit surges on higher home sales

March 20 - Homebuilder Lennar Corp's quarterly profit jumped nearly three-fold as home sale closings rose 28 percent.

TEXT - Fitch rates Lennar proposed senior notes offering

Jan 30 - Fitch Ratings has assigned a 'BB+' rating to Lennar Corporation's (NYSE: LEN) proposed offering of a new issue of senior notes due 2018 and an additional amount of its 4.750% senior notes due 2022. These issues will be ranked on a pari passu basis with all other senior unsecured debt. The notes will be guaranteed by some of Lennar's subsidiaries, but those guarantees may be suspended or released under certain circumstances. Net proceeds from the notes offering will be primarily used f

Lennar to enter apartment rental business

- Lennar Corp , the No. 3 U.S. homebuilder, plans to venture into the apartment rental market to take advantage of a supply crunch, even as rising sales of its single-family homes underlined a strong housing recovery.

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