Retail results improve but consumers still wary

2010-02-23T12:17:26Z

<div><p>CHICAGO (Reuters) - For retailers that sell everything from toilet paper to refrigerators, 2010 may be more about winning sales from competitors than about getting consumers to buy a lot more of their merchandise.</p><p>Discounters like Target Corp <TGT.N&g...

Home Depot profit beats Street; outlook strong

2010-02-23T05:30:37Z

<div><p>NEW YORK (Reuters) - Home Depot's <HD.N> quarterly results trumped estimates as demand for home renovations perked up, and the top home improvement chain forecast a fiscal-year profit above analysts' estimates.</p><p>The news from the top home improvement chain came a day after rival

Business Highlights

2010-02-22T15:01:00Z

<div><p>Toyota faces federal, congressional probe</p><p>WASHINGTON (AP) — Facing tough questions in Congress, Toyota Motor Corp. said Monday that federal prosecutors have launched a criminal investigation into the company's safety problems and the Securities and Exchange Commission was...

Stocks close lower on caution about economy

2010-02-22T15:00:49Z

<div><p>The stock market paused from a four-day rally Monday and closed modestly lower after big consumer companies gave a cautious outlook for economic growth.</p><p>The market, which has advanced on stronger economic signs, fluctuated after Lowe's Cos. and Campbell Soup Co. reported higher earnings but reminded investors tha...

With moderating CAPEX, Lowe's will boost cash flow. (LOW)

2010-02-22T20:00:09Z

Home improvement retailer Lowe's (LOW) beat earnings this morning.  Guidance for the coming quarter was a bit...

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Stocks waver in following earnings, M&A

2010-02-22T13:00:30Z

<div><p>The stock market paused from a four-day rally Monday after big consumer companies gave a cautious outlook for economic growth.</p><p>The market, which has climbed on upbeat economic signals, fluctuated after Lowe's Cos. and Campbell Soup Co. reported higher earnings but reminded investors that a recovery among consumer...

Lowe's sees better 2010 as 4Q profit rises

2010-02-22T12:16:24Z

<div id="subtitle">Lowe's 4th-quarter profit rises as company predicts stabilization in 2010, but 1Q view weak</div><div><p>Consumers responded to Lowe's rebates for higher-priced items such as cabinets and countertops, a sign home owners are starting to consider bigger remodeling projects as the economy stabilizes.</p><p>Modestly higher sales and cost cutting helped Lowe's fourth-quarte...

Home prices seen stabilizing, sales rising

2010-02-22T10:00:14Z

<div><p>REUTERS FORECAST:</p><p>* The median forecast is for the S&P composite index of 20 metropolitan areas to be unchanged in December from November, non-seasonally adjusted, and down 3.2 percent from December 2008. This would follow a 0.2 percent November monthly decline and 5.3 percent annual drop.</p><p>* The median forecast is for a rise of about 5.3 percent in January new home sales to 360,000 annual units, following a 7.6 percent drop to 342,0...

Investors seek sales repair at Home Depot, Lowe's

2010-02-22T08:10:11Z

<div><p>NEW YORK (Reuters) - U.S. home improvement chains Home Depot &lt;HD.N&gt; and Lowe's Cos &lt;LOW.N&gt; must find a quick fix for their sagging sales to retain investor confidence in 2010.</p&...

Lowe's sees sales rising in 2010; shares up

2010-02-22T07:00:25Z

<div><p>NEW YORK (Reuters) - No. 2 U.S. home improvement chain Lowe's Cos <LOW.N> reported better-than-expected quarterly results and said sales would improve in 2010 as demand for remodeling projects picks up.</p><p>The company also said it wo...

Earns Lowes

2010-02-22T05:16:54Z

In this photo taken Jan. 28, 2010, a man walks past riding lawn mowers near the entrance to a Lowe's store in North Little Rock, Ark. Costs cuts and a modest sales gain helped Lowe's Cos.' fourth-quarter profit rise 27 percent, the No. 2 home-improvement chain said Monday, Feb. 22, 2010.(AP Photo/Danny Johnston)

US troops killed in Afghanistan and Africa

2010-02-22T10:48:15Z

<div id="subtitle">US troops who have died while serving in Afghanistan and the Horn of Africa</div><div><p>Marine Cpl. Jamie R. Lowe</p><p>Jamie R. Lowe's parents wanted their son's funeral to be upbeat and patriotic, just like...

Toyota, Pfizer, Western Union are big movers

2010-02-22T12:10:22Z

<div><p>The following stocks were among those that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq Stock Market:</p><p>NYSE:</p><p>Toyota ...

Economy

2010-01-28T11:01:17Z

The image of Lowe's employee Hank Fletcher is reflected on a control button of a washing machine at a Lowe's store in North Little Rock, Ark., Thursday, Jan. 28, 2010. The Commerce Department report on orders to fact...

Master Forge Recalls Gas Grills Sold at Lowe's

2010-02-23T00:15:23Z

<div><p> Sagittarius Sporting Goods of China is recalling about 10,000 Master Forge five-burner gas grills sold at Lowe's Stores. </p><p>The flexible rubber hose on the LP gas tank can come into contact with burner box, causing the hose to melt and rupture when the grill is lit. This poses a fire and burn hazard to consumers...

Lowe's fined in Colorado over pesticide sales

2010-02-22T21:26:27Z

<div id="subtitle">Lowe's fined $35,000 in Colorado for pesticide sales, but part of penalty suspended</div><div><p>Colorado has fined Lowe's Cos. Inc. $35,000 for selling a restricted pesticide in the state, but $16,000 of that will be suspended if the home-improvement chain has no further violations.</p>&...

Recall: Books with bad do-it-yourself advice

2010-02-22T23:26:51Z

<div id="subtitle">951,000 home improvement books recalled for instructions that could lead to bad wiring</div><div><p>Oxmoor House on Friday recalled nearly 1 million home improvement books because of errors that could lead do-it-yourselfers to make risky mistakes while installing or repairing their electrical wiring.</p><p>The errors in technical diagrams and wiring instructions could cause people to be shocked...

AP: Workers sue PPG for unpaid OT to stock Lowe's

2010-02-23T07:36:10Z

<div id="subtitle">APNewsBreak: Workers sue saying PPG doesn't pay them fairly to stock products at Lowe's stores</div><div><p>Workers in three states sued Pittsburgh-based PPG Industries, saying they've wrongly been denied overtime while stocking ...

Little Rock attic ladder plant expands

2010-02-23T12:53:53Z

<div id="subtitle">Little Rock attic factory, among Ark's largest minority-owned businesses, adding jobs</div><div><p>A Little Rock factory that produces folding attic ladders announced Monday it is doubling its work force so it can meet orders from Lowe's Cos. home improvement stores and other new customers.&l...

Big Box Store Lowe's Starts Selling Home Solar Power Kits

2009-12-14T14:31:30Z

WEST HILLS, CA - DECEMBER 14: Lowe's employee Luis Legaspi stocks solar electric panels at Lowe's home improvement store on December 14, 2009 in West Hills, California. With growing demand for more energy efficient homes, the home improvemen...

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