Martha Stewart Omnimedia (MSO) and KB Home (KBH) will launch a line of green homes. The announcement was made in conjunction with Builder magazine. The project is officially known as the “KB Home GreenHouse: An Idea Home Created with Martha Stewart.”
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Bruce Karatz, former CEO of KB Home (KBH), was fined $1 million and given five years of probation for hiding backdated stock options from auditors and regulators.
Karatz will face no jail time but will serve eight months of home detention with electr…
A bitter proxy fight climaxed at Tuesday’s shareholder meeting. In the end, B&N Chairman Len Riggio’s defeat of dissident shareholder Ron Burkle was more fait accompli than 11th-hour surprise. And it left lots of questions unan…
KB Home (KBH) reported a quarterly loss of 2 cents per share, compared with 87 cents per share a year earlier.
Revenue was $501 million in the quarter ended Aug. 31, the company said in a statement. That’s a 9% increase from a year earlier.
The company incurred $3.3 million of inventory impairment of land option contract abandonment charges in the quarter, compared with $47.7…
Continue reading KB Home Posts Narrower Earnings Loss
KB Home Posts Narrower Earnings Loss originally appeared on DailyFinance on Fri, 24 Sep 2010 08:45:00.
Filed Under: Company News, Earnings, Real Estate, Credit
Housing data is in the financial spotlight this week, along with an FOMC meeting, the leading economic indicators index and quarterly reports from a number of companies including Adobe, AutoZone and Lennar.
Con…