Thursday, April 9, 2009

Pulte deal creates home-building giant

Pulte Homes Inc., which now is mostly known for its retirement community in Mt. Juliet, could become the Nashville area's dominant homebuilder after a $1.3 billion deal announced Wednesday.
The Bloomfield Hills, Mich.-based Pulte said it would buy fellow homebuilder Centex Corp. in a stock transaction that would make it the largest homebuilder by revenue in the nation, giving it an edge in a recession marked by declining property values and homebuilder bankruptcies.

Ford hopes European van attracts U.S. families