3xwy Blog

AP – Hovnanian Enterprises Inc. said Tuesday it posted a quarterly profit for the first time since 2006 as the homebuilder benefited from a hefty tax gain.

Haiti wants to build its t-shirt manufacturing business. But t-shirts being sold by the fashion industry to support Haiti were made in Peru.

AP – Toll Brothers Inc. said the slow recovery of the housing market helped the luxury homebuilder post a narrower loss in its fiscal first quarter.

AP – The Energy Department will likely report a 1.65 million-barrel build in crude oil reserves on Thursday for the week ended Feb. 12, according to a survey by Platts, the energy information arm of McGraw-Hill Cos.

BusinessWeek – Unlike much of the market, most of the homebuilder stocks have continued to rally this year, albeit bumpily, despite renewed concerns about the pace of economic recovery amid fear of contagion from the European sovereign debt morass. The rally is primarily due to the stronger-than-expected earnings that many of the companies have reported this season, which is giving investors some hope that these stocks will be good bets in 2010. …

Scientists in England have found a way to trick bacterial cells into making compounds that aren’t found in nature. Those compounds are proteins, and proteins are the basic building blocks of everything a living organism needs to survive.

Scientists in England have found a way to trick bacterial cells into making compounds that aren’t found in nature. Those compounds are proteins, and proteins are the basic building blocks of everything a living organism needs to survive.

Teams of American structural engineers are in Haiti looking into the integrity of the thousands of buildings still standing. U.N. officials say perhaps 20 percent of the structures in Port-au-Prince collapsed, and 80 percent of those still standing suffered serious damage. Some of these structures shouldn’t be occupied.

AP – D.R. Horton Inc. says it made a first quarter profit of $192 million as the homebuilder benefited from a heavy tax gain.

Reuters – Afghanistan won $1.6 billion in debt relief from the World Bank, International Monetary Fund and creditor nations on Tuesday, as the war-torn country faces funding needs to rebuild from years of conflict.