Word: kb
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...KB: I'm in New York City for my daughter's education. She has special needs, and requires special education and specialists. The city is the best place for those people and that's why I'm there. As soon as we no longer need the specialists, we'll be leaving...
...only a year after Katrina, some people are crazy enough to be buying back into New Orleans. Whole swaths of the city may still be covered in caked mud and mold, but prices are up in areas like Uptown with its historic homes and Downtown with its contemporary lofts. KB Homes has model homes open in the suburbs...
...Another idea: Start a modular home industry - not to build "souped-up" trailer homes but quality custom-builts, a modern-day version of the old Sears catalog home. KB Homes is already using similar technology, and why couldn't New Orleans, he wonders, attract modular homebuilders to churn out a new generation of affordable housing for the nation? The AFL-CIO investment fund in Washington, notes Kroloff, is looking to pour $1 billion into New Orleans...
...year ago, 2.6 million units were on the market. Now there are 3.7 million, a 39% spike. Home builders, whose stock prices have tumbled, were late to cut production, a bad sign for new-home inventories, especially with mortgage rates higher than last year's levels. KB Home, a national builder, says its cancellation rate shot up to 37% in the second quarter, from 25% a year earlier. "People are making arguably the most significant economic decision in their life," says CEO Bruce Karatz. "They want to feel like they're being smart, and in some markets it's unclear...
...just don’t believe that the patent law could possibly move in such a direction.” If the decision stands, it might open the door for holders of similar patents to target other drug makers with infringement claims. Signaling of the NF-kB molecule—the process at issue in Ariad’s dispute—is used by more than 200 compounds, including aspirin, according to Science magazine. Perhaps anticipating a future lawsuit, biotech company Amgen last week filed a pre-emptive motion asking a Delaware court to find Ariad?...