KB Home posts quarterly loss
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KB Home  on Thursday posted a  fiscal third quarter loss, as the U.S. home market suffered a  deepening decline in demand, a swelling supply of homes for  sale and tighter standards in the mortgage market.
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Struggling doughnut shop chain Krispy Kreme Doughnuts Inc. (KKD.N: Quote, Profile, Research) on Monday reported a quarterly net loss because of impairment charges and store closing costs.
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KB Home  on Thursday posted a fiscal third quarter loss, as the U.S. home market suffered a deepening decline in demand, a swelling supply of homes for sale and tighter standards in the mortgage market.
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The company said it expects to post its second quarterly loss in more than 50 years because of a hefty one-time charge.
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The electronics company posts a big loss amid a variety of problems the company says are "self-induced." It also warns it expects an operating loss for the current quarter, which includes the rest of the holiday selling season.
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Countrywide Financial Corp, the mortgage lender that agreed this month to be acquired by Bank of America Corp, posted a larger-than-expected $421.9 million quarterly loss on Tuesday, as more homeowners fell behind on payments.
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KB Home , a leading U.S. home builder, on Tuesday posted a smaller-than-expected quarterly net loss after a $343.3 million noncash for declining land values, sending its shares up 1.6 percent.
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Upscale home builder Hovnanian Enterprises Inc  reported a quarterly loss on Thursday and warned that conditions in most of the regions it operates in remain challenging, suggesting the housing market slump that has hit the industry hard is far from over.
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Countrywide Financial Corp ,  the battered mortgage lender being acquired by Bank of America  Corp , posted a $422 million fourth-quarter loss on  Tuesday, hurt by mounting defaults in a sinking housing market.
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Existing home sales in August dropped 4.3 percent and the homebuilder Lennar posted the largest quarterly loss in its history.
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The company said its quarterly loss ballooned to $302.6 million as it struggled with its mortgage lending arm and said it is trying to renegotiate the sale of the unit.
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Countrywide Financial Corp , the mortgage lender being acquired by Bank of America Corp , posted a larger-than-expected $421.9 million quarterly loss on Tuesday as more homeowners fell behind on payments.
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Accredited Home Lenders Holding Co. , a California subprime mortgage lender, reported a fourth-quarter loss on Wednesday, hurt by worsening conditions in the market for loans to people with weaker credit histories.
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U.S. stock futures edged lower on   Friday, pointing to a second straight day of losses on concern   about weakening growth after KB Home KBH.N warned of   unfavorable conditions in the housing market.
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KB Home  on Thursday posted a loss on write-downs for land values, and revenue fell 32 percent, reflecting the swelling supply of homes and tighter standards in the mortgage market that kept potential buyers on the sidelines.
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By ALEX VEIGA  LOS ANGELES - KB Home reported a loss in its fourth quarter Tuesday as the homebuilder absorbed a series of charges related to inventory and land options and saw the number of net orders for homes decline sharply amid a tough housing market.
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As expected, the athletic-shoe retailer posts a loss in the first quarter.