Tuesday, November 11, 2008

More housing worries send stock futures lower

�� Just as General Motors Corp. Luxury homebuilder Toll Brothers Inc. Homebuilder Toll Brothers, computer giant IBM, and coffee maker star bucks all slid. And the money worries point to weak sales this holiday season. Late Monday, Starbucks Corp. reported lower sales across the coffee chain, and early Tuesday, Toll Brothers Inc. The Dow Jones index of leading US shares shed 176.58, or 1.99 percent, to 8693.96 after falling by more than 300 as homebuilder Toll Brothers Inc. It’s not that business has been booming, far from it: Toll Brothers reported earnings today that show just how bad things are. level company data and information. US stocks on Tuesday fell for a second day after quarterly results and outlooks from luxury home builder Toll Brothers Inc. scale government intervention. On Tuesday, the Dow sank more than 250 points after homebuilder Toll Brothers Inc. and Starbucks Corp. Late Monday, Starbucks Corp. reported lower sales across the coffee chain, and early Tuesday, Toll Brothers Inc. It was blood red in Asia overnight. The Hang Seng was off more than 4%, while the Nikkei was down 3%. Toll Brothers has taken a step back in its recovery and called on the government for more help for its industry. Toll Brothers CEO Robert Toll said on a Bloomberg TV interview that the number of foreclosures have not yet peaked. Luxury homebuilder Toll Brothers Inc. �� Homebuilder Toll Brothers Inc. and coffee chain Starbucks Corp. �� Wall Street is down again in early trading after homebuilder Toll Brothers Inc. Meanwhile, Toll Brothers Inc. and Beazer Homes USA Inc. Homebuilder Toll Brothers, of Horsham, Pa. �� Wall Street looked to open lower Tuesday after homebuilder Toll Brothers Inc.

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