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Author Archives: Rick Benedict

Lennar 1Q loss widens as revenue drops

ALEX VEIGA AP Real Estate Writer Homebuilder Lennar Corp. said Monday its fiscal first-quarter losses ballooned 77 percent as it booked charges to adjust land and inventory values, while home deliveries and new orders plunged despite stepped-up buyer incentives. Chief ...

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Dubai shrinks, softens amid hard times

BRIAN MURPHY AP Writer Dubai, United Arab Emirates — To someone not used to its grandiose ways, Dubai’s downsizing might not look so bad. Construction cranes still tower over the city, though there are fewer. Hummers still crowd the highways, ...

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