Home Depot Directors Re-Elected
Dallas, TX, May 27-- Home Depot Inc. on Thursday said preliminary voting results indicate that all 10 of its directors were reelected to its board.
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Platinum Equity Agrees to Acquire DyStar
Ludwigshafen, Germany, May 28--BASF, Bayer and Hoechst today announced that Platinum Equity plans to acquire DyStar, the Frankfurt-based manufacturer of textile dyes.
Chicago PMI Dips
Chicago, IL, May 28-- A closely watched measure of manufacturing activity in the Chicago area dipped a bit in February, the region's purchasing managers said Friday, but was still stronger than most economists expected.
Personal Income and Spending Up
Washington, DC, May 28--Personal incomes grew in April at twice the rate of spending, boosting the savings rate to the highest level since last summer.
Home Depot Shareholders Voice Concerns Over Custom
Dallas, TX, May 28--Shareholders bombarded Home Depot chief executive Bob Nardelli Thursday with concerns about inconsistent customer service and the retailer's stock price, which has fallen 13 percent during his tenure despite record company earnings
Lowe's Boosts Dividend by 33%
Mooresville, NC, May 28--Lowe's Cos.on Friday said it boosted its quarterly dividend by 33 percent.
University of Michigan’s Consumer Sentiment Index
Ann Arbor, MI, May 28--U.S. consumer sentiment slipped fell in May, as high energy prices and the prospect of interest rates hikes weighed on Americans' willingness to spend.
Lyondell, Millennium Deal Gains Antitrust Approval
Washington, DC, May 27--Antitrust authorities said on Wednesday they had approved Lyondell Chemical Co.'s proposed acquisition of joint venture partner Millennium Chemicals Inc.
Researcher Reports Facts & Myths About Big Box Ret
Corvallis, OR, May 27--Since his ground-breaking 1988 study on how Wal-Mart stores impact local economies, Iowa State University economist Kenneth Stone has spoken on the topic in every U.S. state and every Canadian province.
Costco Quarterly Profit Up
Issaquah, WA, May 27--Costco Wholesale Corp. posted a higher quarterly profit, thanks to strong spring sales of items including lawn and garden equipment and food.