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IN BRIEF.(TO THE POINT)
KB Home said preliminary Sept. orders rose 2.2% from a year ago to 1,350 homes. U.S. orders fell 0.6%.
IBM closed its $3.5 bil purchase of PricewaterhouseCoopers' consulting unit.
Alcoa began a cash offer for 3.5 mil Elkem shares at $23.56 each. It already owns 46.3% of the Norwegian metals firm.
Actuant's Q4 profit rose 21% to 69 cents, meeting views. The maker of tools and hydraulic gear reaffirmed its '03 outlook for $2.75 to $3.00 a share. Actuant rose 7%.
...
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