The stock markets in the United States gained after the Federal Reserve stated that it would maintain interest rates low for a “considerable time” following the end of its bond-buying program. In a telephone interview with Bloomberg, Eric Davidson, deputy chief investment officer at Wells Fargo Private Bank commented, “The...
Lennar Corporation (NYSE:LEN), the third-largest U.S. homebuilder by revenue, reported a four times increase in fiscal third-quarter profit, owing to a surge in demand for new houses. Only Rialto was a disappointment according to most analysts. The Miami-based company’s net income for the quarter ending Aug. 31 jumped to $87.1 million,...