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Construction

May 12, 2008

Home builder Standard Pacific sees bigger loss after land charges

“The company continued to make progress with these initiatives in the first quarter, increasing our cash position and improving net new home orders and quarter-end backlog from year end”

Shares of Standard Pacific Corp., one of the hardest-hit builders during the housing downturn, plunged more than 25% on Monday morning after the company reported a wider quarterly loss and booked more ... via MarketWatch

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