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CMH News

Court Halts Berkshire's Purchase of Clayton

A Tennessee court puts on hold the acquisition of the homebuilder to hear an investor's appeal.

Greenspan Faces Jilted Treasury Market

His economic forecasts sent bonds plummeting on day one of his two-day testimony. Now he's in a tight spot on Capitol Hill.

Competing Offer Emerges for Clayton Homes

Cerberus Capital Management says it can provide more value than the company's deal with Warren Buffett.

Buffett-Target Clayton Homes Warns

The prefab-house builder says quarterly earnings will be well short of estimates.

Market Rolls With the Troops

Military successes pushed the market past some not-so-good economic news.

Breaking News

Costco Beats Q3 Sales Forecast, Membership Revenues Near $1 Billion

Costco took in $984 million in new membership fee in its fiscal third quarter, helping the bulk retailer top Street forecasts for topline revenues.

Gap Stock Plummets On Wider Q1 Loss, Grim Profit Outlook As Shoppers Shun Casual Apparel

"Supply chain challenges and persistent delays significantly limited the brand's responsive abilities" to changing consumer trends, CEO Sonia Syngal told investors Thursday.

Big Lots Stock Crumbles After Surprise Q1 Loss As Inflation, Gas Price Surge Bites Spending

"We believe the slowdown was caused by the spending pressure our consumers felt from higher gas prices and broader inflation," said CEO Bruce Thorn.

Broadcom Agrees to Buy VMware in $61 Billion Cash-and-Stock Cloud Software Deal

"Combining our assets and talented team with Broadcom's existing enterprise software portfolio creates a remarkable enterprise software player," said VMware CEO Raghu Raghuram.