LandAmerica announces layoffs, stock repurchase
Similar to other underwriters, Land America is reducing staff. They may be positioning themselves for a buy out. This may be a move to "pretty them up" for a possible buy out. What interesting is that the stock price opened at 52.01 and is up to 54.54 at noon. There is always a spike in stock prices after a layoff notice.
Existing Home Sales Essentially Unchanged In July
The National Association of Realtors said things are remaing steady. Steady and lower than last year, but steady.
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