Levitt Corporation

LEVITT CORPORATION: Levitt and Sons has notified the state that it is laying off 158 construction employees in Fort Lauderdale. The subsidiary of Fort Lauderdale-based home builder Levitt Corp. called a temporary halt to all work earlier this month as it tries to renegotiate its massive debt. Recently, its parent company said Levitt and Sons received default notices on certain loan facilities and is not in a position to cure any possible defaults. 11/26