D.R. Horton posts $1.3 billion loss; cuts dividend (Reuters)

[riky]

D.R. Horton posts $1.3 billion loss; cuts dividend
    (Reuters)

 

Reuters - D.R. Horton Inc , the largest
U.S. home builder, halved its dividend and posted a quarterly
loss of $1.3 billion on Tuesday as it wrote down the value of
its land and unsold homes after cutting prices and sweetening
incentives to boost sales.


You are not allowed to view links. Register or Login/news.yahoo.com/s/nm/20080506/bs_nm/drhorton_results_dc