DuPont Clarifies Profit Outlook
Wilmington, DE, Mar. 4--Between 13 percent and 41 percent of the 2004 profit increase previously forecast by the DuPont Co. will result from an accounting adjustment related to the pending sale of Invista.
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Home Depot Says Price Increases Have Neutral Effec
Orlando, FL, Mar. 3--Home Depot said on Tuesday it sees price increases in materials such as steel and lumber having no long-term effect on its business.
Kmart Asking Key Suppliers to Return $300M After R
Troy, MI, Mar. 1--Kmart Holding Corp. is asking suppliers who received about $300 million in preferential payments in its bankruptcy case two years ago to hand over the money they were given or potentially face a court battle.
Home Depot Has Record Quarter
Atlanta, GA, Feb. 24--The Home Depot today reported net earnings of $951 million ($0.42 per diluted share, up 40%) for the fourth quarter of fiscal 2003, compared with $686 million ($0.30 per diluted share) in the fourth quarter of fiscal 2002.
Green' Building Products Can Prove Profitable
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Lowe’s 4th Quarter Net Earnings Up
Mooresville, NC, Feb. 23--Lowe’s Companies today reported net earnings of $407 million for the quarter ended January 30, 2004, a 27.6 percent increase over the same period a year ago.
Consumer Prices Rise
Washington, DC, Feb. 20--Consumer prices grew in January at the fastest pace in nearly a year.
Survey Shows Economic Growth
New York, NY, Feb. 19--Corporate profits, stock prices and the U.S. economy are all expected to steadily improve in 2004, but corporate leaders remain cautious.
The Dixie Group Posts Loss
Chattanooga, TN, Feb. 17--The Dixie Group reported a loss from continuing operations of $11.7 million, or $0.99 per diluted share, for the fourth quarter ended December 27, 2003.
Kmart Sues Martha Stewart Living
Troy, MI, Feb. 13--Kmart Holding Corp.on Friday said it had sued Martha Stewart Living Omnimedia Inc. claiming the home furnishings maker "double-counted" the royalties it is owed.