Tuesday, June 26

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SoFlo: HOME BUILDING TRADE SAGS -

*Lennar Corp. swung to a $244.2 million loss for its second quarter, as the lackluster housing market continues to levy a toll on home builders.

And there is little end in sight to the slowdown, company CEO Stuart Miller said in a statement. Miller said the company expects another loss for the third quarter and that conditions could even turn worse.* [mherald]

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