D.R.Horton Posts Lower First Quarter Home Sales

Wachovia to buy European Credit Management; GE reportedly looks to sell its plastics business; plus more stocks in the news Tuesday
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D.R.Horton (DHI) Reports first quarter net sales orders of $2.3 billion (8,771 homes) vs. $3.2 billion (11,463 homes) in the first quarter of fiscal year 2006.

Wachovia Corp (WB) Agrees to acquire the privately held European Credit Management Ltd., a London-based fixed income investment management firm with about $26 billion in assets under management.