Pulte Homes (PHM)

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Centex merger announced Pulte announces merger with Centex PHM Annouces Elimination of Dividend PHM will cut its dividend starting in Q1 of 2009 in efforts to conserve cash. Stock plummets on poor housing data, downgrades The company's stock plummeted as several months worth of poor housing data, ratings company downgrades, and lower and lower guidance pressures shares.

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