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Federal regulators may try to collect bonus money awarded to the top executive of Beazer Homes USA Inc. covering periods when the homebuilder restated financial results.
Beazer Homes USA Inc. reported its first quarterly profit since 2006 on Tuesday and credited more stable home prices and cost cuts for a marked improvement in the homebuilder's gross margins.
Homebuilder Beazer Homes USA Inc. reports earnings for its fiscal fourth quarter on Tuesday. The following is a summary of key developments in the period.
Beazer Homes USA Inc. said Thursday it cut its fiscal third-quarter loss sharply, largely because of a gain from a reduction in its debt load, and the homebuilder noted new home order trends showed signs of improvement.
Homebuilder Beazer Homes Inc. on Friday said its board adopted a new shareholder rights plan aimed at preserving the tax benefits it can book from its prior losses.
Federal prosecutors in North Carolina filed criminal fraud conspiracy charges against Beazer Homes USA on Wednesday, but they agreed to dismiss the case if the company complies with an agreement accepting responsibility for certain wrongdoing and pays millions to victims.
The Securities and Exchange Commission charges the former chief accounting officer at Beazer Homes USA with committing fraud and misleading company auditors.
Beazer Mortgage Corp., which ceased operations more than a year ago, will refund $2.5 million to more than a thousand borrowers in North Carolina as part of a settlement over claims the Atlanta-based company violated state lending laws, state banking and company officials said Tuesday.
Beazer Homes USA Inc. said Tuesday that it has agreed to settle a securities class-action lawsuit for $30.5 million.
Beazer Homes USA Inc. posted a smaller loss for its fiscal first quarter, but revenue dropped sharply as home closings and new orders each plunged by more than half and the homebuilder slashed 300 jobs.
Homebuilder Beazer Homes USA Inc. gave Wall Street a double-shot of discouraging news Tuesday: Its fiscal fourth-quarter loss more than tripled from a year ago and it expects to lose money throughout 2009.
Beazer Homes USA Inc. said Friday it posted a narrower loss in its fiscal third quarter despite lower revenue as the homebuilder's expenses declined. The quarterly results fell short of Wall Street's expectations.
Charlotte foreclosures 13% vs. 3% nationally, Beazer Homes federal probeShares of Beazer Homes USA Inc. fell more than 8 percent Wednesday after the FBI said it is among agencies investigating possible fraud in the company's mortgage lending practices and other financial transactions.
Beazer's Mortgage under Federal Investigation Abusive LendingFederal Investigators Probing Home Builder Beazer's Mortgage Business Beazer Homes USA Inc., the sixth-largest U.S. home builder, on Wednesday confirmed it is cooperating with federal prosecutors in a probe relating to its mortgage business.
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