On Monday, Shares of Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR), gained 0.85% to $9.48, as Oil prices rose above $63 a barrel on Monday in response to new proposals from Greece that the European Union welcomed as a basis for progress at talks to try to stave off a default that could cause turmoil in financial markets.
But high levels of global oil production and stocks continued to exert pressure on crude prices.
Brent crude for August delivery was up 30 cents at $63.32 a barrel by 0822 GMT, after falling nearly 2 per cent on Friday over worries about a potential Greek debt default.
Petróleo Brasileiro S.A. Petrobras operates as an integrated energy company in Brazil and internationally. Its Exploration and Production segment engages in the exploration, development, and production of crude oil, natural gas liquids, and natural gas; and sale of crude oil and oil products produced at natural gas processing plants in domestic and foreign markets.
Shares of SouFun Holdings Ltd. (NYSE:SFUN), inclined 1.70% to $8.95, during its last trading session, after the company was initiated with an “overweight” rating and $12 price target at Barclays.
SouFun Holdings is targeting to develop new home agency and second-hand home brokerage services, which are worth 1.5% to 2% and 2.5% to 3% of a home’s value, with advertisement expenses at only 1%, Barclays noted.
“Our positive view on SouFun Holdings is mainly due to the company’s transaction-based advertisements to new home agency and brokerage services for the secondary market, and the strong organic traffic of SouFun’s websites and own apps,” Barclays analysts said.
SouFun Holdings Limited operates a real estate Internet portal, and home furnishing and improvement Websites in the People’s Republic of China. The company offers marketing services on its Websites, primarily through advertisements to real estate developers in the marketing phase of new property developments, in addition to real estate agencies; and suppliers of home furnishing and improvement, and other home-related products and services.
Finally, KB Home (NYSE:KBH), ended its last trade with 1.83% gain, and closed at $16.67.
KB Home, declared the grand opening of its new Sea Cliff community in San Diego, a luxurious collection of spacious single-family residences, and the first in the United States where every home will comprise its own on-site water recycling system to treat and reuse their own grey water.
In addition to their prime location and aesthetic appeal, the pioneering KB home designs at Sea Cliff will boast state-of-the-art water-conserving technologies, offering homebuyers the first opportunity to own a WaterSense® labeled home with advanced plumbing, drought-tolerant landscaping, smart irrigation and the innovative Nexus eWater grey water recycling system, all comprised of as standard features.
With all of these water-efficient elements, each new home built at Sea Cliff is estimated to conserve up to 100,000 gallons of water annually for a household of four or more when contrast to a typical resale home and landscaping, a reduction of about 70%. This up to 100,000 gallons savings is comprised of:
- Indoors: Up to 33,000 gallons can be saved by using WaterSense labeled fixtures, ENERGY STAR® certified appliances, and hot water recirculation pumps.
- Outdoors: Up to 67,000 gallons can be saved by following WaterSense design guidelines for landscaping and irrigation systems, in addition to by using treated and recycled grey water for landscape watering needs.
KB Home operates as a homebuilding company in the United States. It constructs and sells various homes, counting attached and detached single-family residential homes, townhomes, and condominiums primarily for first-time, move-up, and active adult homebuyers under the name KB Home.
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