Ryland Closes Purchase Of Charlotte And Raleigh Operations Of Timberstone

Ryland Group To Present At J.P. Morgan Conference; Webcast At 8:00 AM ET

Ryland Announces Prices $250 Mln Convertible Senior Notes Offering

Ryland Group Q1 13 Earnings Conference Call At 12:00 PM ET

Ryland Turns To Profit In Q1

Trade RYL now with

7/3/2012 2:06 PM ET

The Ryland Group Inc. (RYL: Quote) said Tuesday it has completed the acquisition of the Charlotte and Raleigh operations and assets of Timberstone Homes.

The Timberstone acquisition provides Ryland with approximately 945 additional lots and homes for future sales, 141 homes currently sold and under construction for delivery, and 19 professionally decorated model homes.

Existing Timberstone customers will have their customer service and warranty obligations addressed by Ryland under a contractual relationship between Ryland and Timberstone, the company said.

Click here to receive FREE breaking news email alerts for Ryland Group Inc. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

<<Previous 154 Articles Next>>

Editors Pick

Adobe Profit Tops Estimate

Publishing and design software maker Adobe Systems Inc. said Tuesday after the markets closed that its second quarter profit fell 66% from last year, hurt by lower revenue as well as higher costs and expenses. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations and its quarterly revenue was in line with analysts' forecast.

Stocks Show Strong Upward Move Ahead Of Fed Announcement - U.S. Commentary

Stocks showed a strong upward move over the course of the trading day on Tuesday, adding to the gains posted in the previous session. The rally came even as traders expressed some uncertainty ahead of tomorrow's Federal Reserve announcement. The major averages gave back some ground going into the close but remained firmly in positive territory.

Boehner Indicates Immigration Bill Must Have Majority GOP Support

In a potential roadblock to comprehensive immigration reform legislation, House Speaker John Boehner, R-Ohio, indicated Tuesday that he would not bring a bill to the floor unless it is supported by a majority of House Republicans.