CTX

Investors are expecting Wall Street to continue its recent winning ways. Stocks are poised to open higher as investors await March retail sales data and the weekly unemployment report. Markets in Europe and Asia were higher. Retail sales, though weak, may not be as bad as investors had feared....

Is creating the largest homebuilder amidst the worst real estate market in decades such a hot idea? Wall Street seems to say "yes." Pulte Holmes Inc. (PHM) agreed to buy Centex Corp. (CTX) for $1.38 billion in an all-stock deal. As the Associated Press notes, "the transaction, which also includes...

Pulte Homes, Inc. (PHM) and Centex Corporation (CTX), two of the largest home builders, are merging. It remains to be seen whether this move will save the companies during what is perhaps the worst downturn in the market in over a century. The companies announced that they had entered a definitive...