Housing Giants - September 10, 2008 - (Page 12) moves hovnanian ShareholderS get rightS Plan Hovnanian Enterprises announced it has adopted a shareholder rights plan. Under the new rights plan, the company will distribute one right for each Class A and Class B common share. The plan would be triggered if any person or group acquires 4.9 percent or more of the outstanding shares of Class A common stock without approval of the board. The move comes after a year of substantial losses. Under U.S. tax rules, the losses may be used to offset future earnings and reduce federal income tax. If certain shareholders increase their ownership, it could be seen as an ownership change under the tax code and limit its ability to use the tax benefit. K. Hovnanian shares two years ago closed at $69.54. On Aug. 4, they closed at $6.61, losing more than 90 percent of their value. FAST FAcT: 1,500 Employees Weyerhaeuser Co. plans to cut about 1,500 employees, or 6.3 percent of its work force. This comes after the report of a $96 million net loss compared with a net income of $32 million earlier in the year. why Freddie, Fannie are Making More Money now We’ve heard a lot of negative news about Fannie Mae and Freddie Mac, but they actually made more money than they have in a decade. So what’s the deal? It’s more complicated than it seems. Bloomberg TV Watch Video investigates. Let Je hgn nnifer ews @re Powel l edb usin know ess. at: co GOT NEW S? m 12 HOUSING GIANTS.9.10.08 www.HOUSINGGIANTS.cOm http://www.khov.com http://www.weyerhaeuser.com http://www.clipsyndicate.com/video/play/677989 http://www.Housinggiants.com
Table of Contents Feed for the Digital Edition of Housing Giants - September 10, 2008 Housing Giants - September 10, 2008 Contents Viewpoint Moves Tech M&A Noted Recognition The Turnaround Housing Giants - September 10, 2008 Housing Giants - September 10, 2008 - Housing Giants - September 10, 2008 (Page Cover1) Housing Giants - September 10, 2008 - Housing Giants - September 10, 2008 (Page Cover2) Housing Giants - September 10, 2008 - Housing Giants - September 10, 2008 (Page 3) Housing Giants - September 10, 2008 - Housing Giants - September 10, 2008 (Page 4) Housing Giants - September 10, 2008 - Contents (Page 5) Housing Giants - September 10, 2008 - Contents (Page 6) Housing Giants - September 10, 2008 - Viewpoint (Page 7) Housing Giants - September 10, 2008 - Viewpoint (Page 8) Housing Giants - September 10, 2008 - Viewpoint (Page 9) Housing Giants - September 10, 2008 - Moves (Page 10) Housing Giants - September 10, 2008 - Moves (Page 11) Housing Giants - September 10, 2008 - Moves (Page 12) Housing Giants - September 10, 2008 - Moves (Page 13) Housing Giants - September 10, 2008 - Tech (Page 14) Housing Giants - September 10, 2008 - Tech (Page 15) Housing Giants - September 10, 2008 - Tech (Page 16) Housing Giants - September 10, 2008 - Tech (Page 17) Housing Giants - September 10, 2008 - M&A (Page 18) Housing Giants - September 10, 2008 - M&A (Page 19) Housing Giants - September 10, 2008 - M&A (Page 20) Housing Giants - September 10, 2008 - M&A (Page 21) Housing Giants - September 10, 2008 - M&A (Page 22) Housing Giants - September 10, 2008 - M&A (Page 23) Housing Giants - September 10, 2008 - Noted Recognition (Page 24) Housing Giants - September 10, 2008 - Noted Recognition (Page 25) Housing Giants - September 10, 2008 - The Turnaround (Page 26) Housing Giants - September 10, 2008 - The Turnaround (Page 27) Housing Giants - September 10, 2008 - The Turnaround (Page 28) Housing Giants - September 10, 2008 - The Turnaround (Page 29) Housing Giants - September 10, 2008 - The Turnaround (Page 30) Housing Giants - September 10, 2008 - The Turnaround (Page 31) Housing Giants - September 10, 2008 - The Turnaround (Page 32) Housing Giants - September 10, 2008 - The Turnaround (Page 33)
For optimal viewing of this digital publication, please enable JavaScript and then refresh the page. If you would like to try to load the digital publication without using Flash Player detection, please click here.