Tuesday, July 24, 2007

USG earnings fall sharply on housing downturn

(Reuters) - Chief Executive William Foote said the housing recession is
entering the second year of what is likely to be a multiyear
downturn.




"The housing market continued to deteriorate in the second
quarter, impacting both sales and earnings," Foote said in a
statement.


Read more at Reuters.com Bonds News

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