NEW YORK—Turmoil in the housing market caused Centex Corp. to swing to a fiscal fourth-quarter loss, which is likely to move shares of the Dallas-based homebuilder on Thursday.
Centex's results included a big impairment charge of $362 million to cover the declining book value of unsold homes.
Consumers also scaled back on their spending at coffee retailer Starbucks Corp., and the company posted a 28 percent lower fiscal second-quarter profit.
The company warned last week that results would miss Wall Street expectations.
Las Vegas Sands also swung to a first-quarter loss, given competition in the Chinese gambling mecca of Macau and a softening U.S. economy.
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