Sep. 23, 2010 at 2:31 p.m.
Filed under:
Housing,
Recalls
By Dow Jones Newswires
Siemens AG has recalled about 2.2 million circuit breakers that could cause fires, the company and the U.S. Consumer Product Safety Commission said.
The electronics company recalled Siemens and Murray 15- through 50-amp single- and double-pole circuit breakers, load centers and meter combos. The circuit breakers have date codes of 0610 or 0710, and the load centers and meter combos have date codes from June through Augugust 2010. They were sold at hardware and home-improvement stores such as Home Depot Inc. and Lowe’s Cos. Get the full story »
Aug. 20, 2010 at 1:39 p.m.
Filed under:
Chicago executives,
Food,
Restaurants,
Retail
By Associated Press
Home improvement retailer Lowe’s Cos. announced Friday the appointment of Raul Alvarez, former president and chief operating officer of McDonald’s Corp., to its board. He will serve on the board’s governance and audit committees. Get the full story »
Aug. 17, 2010 at 12:34 p.m.
Filed under:
Construction,
Earnings,
Housing,
Retail
By Reuters
Home Depot Inc. still sees room for profit growth this year as consumers take up long-delayed maintenance and repair projects for their homes.
The company posted a higher-than-expected quarterly profit and raised its full-year earnings forecast Tuesday, helped by cost controls. While sales missed expectations in a weak economy, investors were relieved that the top home improvement chain still expects an increase for the rest of the year. Get the full story »
Aug. 16, 2010 at 1:30 p.m.
Filed under:
Earnings,
Housing,
Retail
By Reuters
Lowe’s Cos. posted weaker-than-expected quarterly results but kept its forecast for same-store sales growth this year, assuring investors it will benefit once U.S. consumer demand picks up.
Lowe’s, the second-largest home improvement chain behind Home Depot, said it still expects sales at stores open at least a year to rise about 2 percent for the fiscal year, which some analysts viewed positively given soft consumer sentiment. Get the full story »
