Kmart Finalizes Home Depot Transaction
Troy, MI, August 23—Kmart said it finalized a deal to sell 18 of its stores to Home Depot Inc.for $271 million.
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Wall St.'s Nest Egg - The Housing Sector
New York, August 23-- If there were any doubts that we're still living in the era of the stay-at-home economy, the rows of empty seats at the Athens Olympics should help erase them.
Forbo Rated Neutral
London, England, August 23-- Analysts at Pictet issue a "neutral" rating on Forbo. The target price is set to CHF250.
New Zealand Carpetmaker Cavalier Tops Profit for 3
Auckland, New Zealand, August 23--Cavalier Corporation has topped its forecasts with a 15 per cent jump in profit to $21 million for the June year, according to Stuff.co.nz.
Job Cuts Likely With Kmart's Sale to Home Depo
Troy, MI, August 23--Kmart Holding Corp.'s sale of 13 stores to The Home Depot Inc. could cost up to 1,200 Kmart employees their jobs in coming months.
Persian Carpet Exports Hit $600M
Tehran, Iran, August 23--The value of Iran's hand-woven carpet exports reached $600 million last year, Commerce Minister Mohammad Shariatmadari said.
Robotic Vacuums Tend to be More Amusing than Funct
Boston, MA, August 23--A new generation of robotic vacuums is ready to do battle with dirt, dust and dog hair with more cleaning power and cunning than their ancestors could muster.
Connecticut Rug Dealer Offers Art for the Floor
Woodbury, CT, August 20-- A new store here specializes in selling old treasures - antique, hand-woven Persian rugs - to new owners eager to own what proprietor Karen Reddington-Hughes calls "artwork you put on the floor instead of on the walls," according
Lanxess Arrives on Chemicals-Rubber-Plastics Scene
Pittsburgh, PA, August 20--A new name with a long tradition of innovation and technical expertise has emerged in the U.S. market for chemicals, synthetic rubber, and plastics, with the launch of Lanxess Corporation, the company announced today.
Philadelphia Fed Shows Slowing Factory Output
Philadelphia, PA, August 19--The pace of manufacturing activity slowed in the US mid-Atlantic region in August, the Federal Reserve Bank of Philadelphia reported.