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Schieffer Symposium news: Pauley joining CBS

What do good newshounds do? They break news, which is exactly what Bob Schieffer did last night during his 10th annual Schieffer Symposium on the News at Texas Christian University.

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Rick Perry, 2 other GOP governors blast Medicare Advantage rates

TALLAHASSEE, Fla. (AP) — Three Southern Republican governors are writing President Barack Obama to complain about newly announced Medicare Advantage payments.

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Shale gas boom leaves wind power developers seeking more subsidy

NEW YORK — Wind power in the United States is on a respirator.

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I-30 entrance ramps near downtown to close permanently on Friday

Major traffic changes await Fort Worth motorists when the westbound Forest Park Boulevard exit from Interstate 30 and the Summit-Eighth avenues I-30 entrance ramp close permanently.

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Panther FW, Atlas CP snap up Dallas property

Panther FW Investments LLC has purchased a five-building industrial portfolio in the Valwood and East Brookhollow submarkets of Dallas.

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D.R. Horton reports 3Q

 

Fort Worth-based D.R. Horton Inc. announced Thursday its third-quarter profit fell to $146 million, or 42 cents per share, down from $787.8 million or $2.22 per share a year earlier. The year earlier quarter included a non-cash tax benefit of $716.7 million from a reduction. Revenue was up 47 percent to $1.6 billion compared to $1.1 billion a year earlier.


Donald R. Horton, Chairman of the Board, said, “Our homebuilding and financial services operations delivered strong results again this quarter, with a 580 basis point improvement in our pre-tax income margin to 12.1 percent and a 184 percent increase in our pre-tax income to $205.1 million,” said Donald R. Horton, chairman of the board. “ Homes sold, closed and in backlog all increased double-digit percentages, while the dollar values all increased 30 percent or more. Our average sales price increased 15 percent to $268,000, reflecting pricing power across most of our markets and increased demand from move-up buyers.”
 

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