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Report On:
Lennar Corporation (LEN)
INDUSTRIAL GOODS - Materials And Construction - Residential Construction
Generated: Thursday September 15, 2011 04:15 AM
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Quotes About Lennar Corporation
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Fed probe includes PulteGroup
Headcount is down significantly over the past five years, and builders have been pushing down subcontractors as well to lower construction costs.Construction costs are down 25 percent in the past year, partly by pushing supplies, partly by labor,"
- Jack Micenko -
UPDATE 2-US govt probing home builders' labor practices
These demands could require significant resources and thousands of hours of work,"
- Ken Gear -
Pulte Homes Under U.S. Labor Dept. Investigation
They consider the request to be over broad. They feel the demands could require thousands of hours of work and significant resources and the inquiry is troubling because there's no indication of a reason for it,"
- Melanie Trottman -
U.S. Hits Builders With Pay Probe
It's pretty clear that there's an enormous pressure to rush to the bottom in terms of keeping costs down,"
- Margot Veranes -
Promises, Promises
When it became clear that Jane Kim was going to be somebody that New Day was going to be supporting, our office severed ties with New Day,"
- Enrique Pearce
No Comment
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UPDATE 1-U.S. government probing wages in home construction
Representatives from several top companies in the home building sector -- PulteGroup Inc ( PHM.N ), Lennar Corp ( LEN.N ), D.R. Horton Inc ( DHI.N ) and KB Home ( KBH.N ) -- were not immediately available for a comment .
- Andrea Shalal-Esa
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U.S. investigates pay practices at builders - WSJ
Lennar declined to comment , and D.R. Horton did not respond to requests for comment, the paper said.
- D.R. Horton
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U.S. Hits Builders With Pay Probe
Miami-based Lennar declined to comment .
- D.R. Horton
Latest Company Intelligence
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5,000 Great Park-Adjacent Houses For Irvine: The Irvine City Council yesterday granted...
Curbed LA | Sep 14,'11
The Irvine City Council yesterday granted final approval for 5,000 houses next to the Orange County Great Park. The houses will be built on the old El Toro Marine Corps base--the federal government sold the land to Lennar Corp. for $1 billion in 2005, but Lennar was unable to move forward with the project until it received a $400 million cash infusion from State Street Bank & Trust Co. -
Fortune Favors The Brave?
Seeking Alpha | Sep 13,'11
I was cleaning up on the weekend and started flicking through a pile of old Forbes and Fortune magazine's, and came across an issue with Fortune Magazine's Top 10 Stock Picks for 2011. This piqued my curiosity regarding their performance, and if the 2011 stock picks are on track to outperform the S&P 500 (as they did in 2010). The Top 10 stock picks included Mosaic ( MOS ), Agrium ( AGU -
Reports: Labor Department investigating PulteGroup, other homebuilders over pay practices
Crain's Detroit Business | Sep 9,'11
Bloomfield Hills-based PulteGroup Inc. is under investigation by the U.S. Department of Labor for its pay practices, according to media reports. The investigation was confirmed by the Labor Department, according to a report by The Associated Press , and involves adherence to wage and hour laws. -
Government Launches Investigation of Employment Practices at Home Builders
Pom Talk | Sep 8,'11
The Labor Department has demanded records from several of the country's top home builders, including PulteGroup Inc., Lennar Corp., D. R. Horton Inc., and KB Home. The investigation is being conducted pursuant to the Fair Labor Standards Act, which governs wages, hours, overtime, and the employment of minors. According to The Wall Street Journal in an article here , the housing crisis -
Labor Dept. investigating home builders
Bubble Markets Inventory Tracking | Sep 8,'11
The Labor Department is investigating pay practices at many of the top companies in home building, hitting them with a broad demand for records that has led to complaints of regulatory overreach. Recipients of the letters include PulteGroup Inc., Lennar Corp., D.R. Horton Inc. and KB Home, according to people familiar with the matter. A Labor Department spokeswoman confirmed the -
U.S. investigates pay practices at builders - WSJ
Reuters | Sep 7,'11
| Thu Sep 8, 2011 12:35am EDT (Reuters) - The U.S. Department of Labor is investigating pay practices at homebuilders PulteGroup Inc , Lennar Corp , D.R. Horton and KB Home , the Wall Street Journal reported. A copy of a letter dated Aug. 1 said the department was opening an investigation under the Fair Labor Standards Act, but it did not allege any violations of law, the
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