LandSource to Emerge from Chapter 11 as Newhall Land Development; Lennar Corp. to Own Part of Debt-Free Land Company Jul 21, 2009
MIAMI, July 20 /PRNewswire-FirstCall/ -- Lennar Corporation (NYSE: LEN and LEN.B) announced today that the U.S. Bankruptcy Court in Wilmington, Delaware has confirmed the plan of reorganization for LandSource Communities Development LLC. LandSource will emerge from bankruptcy as a reorganized company called Newhall Land Development, LLC. Today's confirmation clears the way for the reorganized company to emerge from Chapter 11 with more than $90 million in cash and free of debt ... Lennar... (PR Newswire)
Wall Street futures signal higher open Jun 25, 2009
Four Scompanies are scheduled to report quarterly results on Thursday: Lennar Corporation (LEN.N), McCormick c (MKC.N), Micron Tech (MU.N) and ConAgra Foods (CAG.N). Economic data include final Q1 GDP and corporate profits as well as weekly jobless claims, all at 1230 GMT, and the Kansas City Fed's June manufacturing survey at 1500 GMT (11 a.m. EDT). (Yahoo News -- Press Releases)
Lennar Corporation Declares Quarterly Dividends Apr 16, 2009
MIAMI, April 15 /PRNewswire-FirstCall/ -- Lennar Corporation (NYSE: LEN and LEN.B), one of the nation's largest homebuilders, announced that its Board of Directors has declared a quarterly cash dividend of $0 ... Lennar Corporation, founded in 1954, is one of the nation's leading builders of quality homes for all generations ... SOURCE Lennar Corporation. (PR Newswire)
Lennar Reports First Quarter Results Apr 1, 2009
Lennar Corporation (NYSE: LEN and LEN.B), one of the nation's largest homebuilders, today reported results for its first quarter ended February 28, 2009 ... Stuart Miller, President and Chief Executive Officer of Lennar Corporation, said, "The housing market continued its downward trend throughout our first quarter. Despite historically low interest rates and some indicators pointing toward market stabilization, low consumer confidence, increased unemployment and growing foreclosure rates... (PR Newswire)
ACPT Reports Results for 2008 Apr 1, 2009
Numerous factors could cause results to differ, including but not limited to, changes in market demand and acceptance of the Company products, impact of competitive products and pricing, dependence on third-party customers (specifically Lennar Corporation), dependence on third-party suppliers, changes in government regulations, the normal cyclical nature of the real estate industry and development economy and changes in our tax status. Although the Company believes the expectations reflected in... (PR Newswire)
