Home builders Hovnanian Enterprises and Toll Brothers Inc. have had a tough week, reporting quarterly losses amid the suburban housing slump. But home builder Lennar Corp. was granted a gift from San Francisco voters on Tuesday night.
City voters soundly supported a measure that will allow the Miami-based builder to develop a sprawling, 770-acre property into [...]
PRNewswire-FirstCall via COMTEX News Network/ — The Home Depot(R), the world’s largest home improvement retailer, today reported fiscal 2007 third quarter consolidated net earnings of $1.1 billion, or $0.60 per diluted share, compared with $1.5 billion, or $0.73 per diluted share, in the same period in fiscal 2006.
Earnings from continuing operations in the fiscal 2007 [...]
Wal-Mart and Home Depot sneezed yesterday. Will the economy catch a cold?
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Sandy Huffaker/Bloomberg News
Home Depot said its earnings for the year would fall because of the weak housing market, a forecast that alarmed Wall Street.
The Home Depot Inc. (HD, NYSE, 12-month range $33.80-$42.01) is a home improvement retailer that operates approximately 1,800 stores in 49 states, including Hawaii. It also has stores in Puerto Rico, the U.S. Virgin Islands, Mexico and Canada.
The recent turmoil in the credit markets and the weakness in the housing market are affecting Home Depot’s [...]
The Home Depot Inc.s sales and bottom line continued to erode in the third quarter, as the housing market continued its deterioration.
The Atlanta-based home improvement retailer had net income of $1.1 billion on $19 billion in sales, compared with net income of $1.5 billion on $19.6 billion in sales in the third [...]
The Home Depot Inc.’s sales and bottom line continued to erode in the third quarter, as the housing market continued its deterioration.
The Atlanta-based home improvement retailer had net income of $1.1 billion on $19 billion in sales, compared with net income of $1.5 billion on $19.6 billion in sales in the third quarter of 2006. [...]
As the deal for Home Depots wholesale supply unit was renegotiated over the weekend, a question lingered about whether the push to lower the price was a harbinger for other buyouts.
Home Depot agreed Sunday to make several concessions in the sale of the unit, HD Supply, including lowering the price by $1.8 billion, to $8.5 [...]
Home Depot was forced to drop the sale price of its commercial supply business by nearly $2 billion yesterday, according to people involved in the negotiations, one of the first big buyouts to be renegotiated as a result of the recent tightening of credit and problems in the housing market.
The refashioned deal cut the sale [...]
Home Depot agreed yesterday to sell its commercial supply business to an alliance of private equity firms for $8.5 billion, nearly $2 billion less than the original agreement.
The sale was one of the first big buyouts to be renegotiated because of the recent tightening of credit and problems in the housing market.
The [...]
THE stock market steadied this week after more than a month of volatility, partly in reaction to the Federal Reserves decision on Aug. 17 to encourage banks to borrow directly from the Fed at a lower rate and help ease the credit squeeze that has been rattling the financial system.
But while stocks in general [...]