Homebuilder Lennar Corp. has reported a larger-than-expected loss for its fiscal third quarter, blaming its financial outcome on sluggish home sales and the weak economy in general. However, Lennar has expressed optimism that it will be able to return to profitability by the next fiscal year on the back of improving orders and a significant backlog.
 
Lennar’s marked optimism comes as a surprise to many analysts at a time when home builders are suffering through one of the worst industry downturns in decades. The signs of recovery in the home market have started to appear, though, with potential homebuyers encouraged by …read more

Most people remember Tyco’s name in relation to the scandalous exploits of Tyco International’s CEO Dennis Kozlowski and CFO Mark Schwartz, but fortunately for Tyco Electronics, the future is looking bright. The stronger dollar, along with increased sales and higher revenue, has led to a more optimistic fiscal third-quarter outlook.
Tyco Electronics’ shares are up 19 percent this year so far, jumping 7.2 percent in after-hours trading today to $20.65. The news probably comes as a surprise and a relief to Tyco investors and executives who, earlier in the year, expressed concern over a general lack of demand in its products …read more