kb home

U.S. New-Home Sales Fell in Dec., Sales for Year Up

The housing market is back, but how strong will it be this year? New home sales were weaker than expected in December, down nearly eight percent from a year earlier. But the housing recovery for all of 2012 was surprisingly strong after the collapse that started four years earlier.

Wall Street this Week: Keep an Eye on RIMM, Homes, Cards, Schools

Here's some of what will shape the week ahead on Wall Street: BlackBerry-maker RIMM will make a sour report; homebuilder earnings will be up and down; University of Phoenix grades itself; and American Greetings gets a condolence card. Oh, and watch out for window dressing!

KB Home: Why This Homebuilder Will Never Be Great Again

Most homebuilders saw their shares pop higher Tuesday after heavyweight Lennar released better-than-expected quarterly numbers -- but not KB Home. In fact, its shares actually fell. Here's why KB isn't invited to the housing recovery party.

Former KB Home CEO Bruce Karatz Escapes Jail Sentence

Bruce Karatz, former CEO of KB Home (KBH), was find $1 million and given five years of probation for hiding backdated stock options from auditors and regulators. Karatz will serve no jail time, but will serve eight months of home detention with electronic monitoring and perform 2,000 hours of community services, Bloomberg News said.

Ron Burkle, Barnes & Noble Hit a Snag

Barnes & Noble and its second-largest shareholder, billionaire Ron Burkle, appears to be over. The two camps have reached a settlement that would give Burkle three board seats in exchange for dropping his lawsuit against the bookseller.

KB Home's First Profit Since 2007

In another encouraging sign for the real estate market, builder KB Home says it earned $100.7 million over the last few months -- its first quarterly profit since 2007. The company also expects to turn a profit this year.