Real Estate
On May 6, Brockovich will be holding a community meeting at the Charleston Place Hotel to discuss the test results. "Experts have traveled to this site and test results have confirmed that there is VOC and methane contamination of the indoor air and the sub-slab soils that are of concern," says a brief email about the upcoming meeting obtained by TheStreet.com. Ben Sauls, a homeowner in the community, says his family moved from his home after they experienced negative health effects. "My daughter kept having bloody noses constantly, like three or four times a day," he says, adding that the entire family suffered from severe headaches, dizziness, nausea and red eyes. His lender has given him a temporary forbearance, or forgiveness of debt payments, until August. "Nobody in the neighborhood that I talked to was comfortable with the EPA's findings except for Lennar," Sauls says, pointing out that families have continued to get sick in the community after the EPA closed the case in October. He says a lawsuit against Lennar is likely to be filed soon by Brockovich. Lennar officials could not be immediately reached for comment. Brockovich, who works with law firm Masry & Vititoe, also could not be immediately reached for comment. Brockovich was made famous by a 2000 movie about her start as an advocate. The film, which stars Julia Roberts, details Brockovich's work in establishing that the people living in Hinkley, Calif., had been exposed to the toxic Chromium 6, which had leaked into the groundwater by a Pacific Gas and Electric Co. compressor station. A total of $333 million in damages were paid to the residents of the area in that case. Know What You Own: Lennar closed Friday down 0.8% at $19.27 on a generally mixed day for homebuilder stocks. Here's how some other stocks in the sector ended the session:
- Ryland RYL, up 1.5% at $33.62.
- Centex CTX, up 1.2% at $22.24.
- KB Home KBH, up 0.6% at $24.05.
- Pulte PHM, up 0.5% at $14.18;
- DR Horton DHI, down 1.3% at $15.65;
- Hovnanian HOV, down 1.5% at $11.67;
Despite a swath of interest rate cuts since September, the industry has continued to decline. So what's eating these stocks?
February marked more steep price declines for existing homes, according to S&P; first-quarter foreclosures soar, according to RealtyTrac.
After an initial selloff following the Census Bureau's release of March housing data, these stocks were ticking higher midday.
Yahoo! is among the most searched stocks on TheStreet.com. Here's what Cramer had to say about the stock recently.
Catch up on his thinking on the hottest topics of the past week.
Investors will have to deal with a Fed meeting and another flood of earnings and economic data.
Ensco International and Echelon have the potential to move higher in coming days.
See who made what calls.
The addition of video is helping telecom companies compete against cable and satellite companies.
The June West Texas Intermediate contract reflects selling pressure ahead of Tuesday's expiration. But stocks in the sector are generally trading higher.
See who made what calls.
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