Latest The Home Depot Inc News

Asian shares skid on renewed US-China trade worries

Nov. 20, 2019 11:35 PM EST

BEIJING (AP) — Shares skidded Thursday in Asia after moderate declines on Wall Street as anxious mounted over the possibility the U.S. and China may not reach a trade deal before next year. Hong Kong led the region with its benchmark Hang Seng index falling 1.5% to 26,461.41. The Shanghai Composite index...

Lowe's 3Q profit buoyed by strong economy; lifts outlook

Nov. 20, 2019 12:02 PM EST

NEW YORK (AP) — Lowe's third-quarter profit handily topped Wall Street’s view, thanks in part to the strong economy and sales to contractors. The home-improvement company boosted its full-year adjusted earnings outlook. The retailer, the nation’s second-largest home improvement chain behind...

Asian shares retreat on poor Japan trade data, China news

Nov. 19, 2019 10:34 PM EST

BEIJING (AP) — Shares retreated in Asia on Wednesday after Japan reported its worst monthly decline in exports in three years, putting pressure on the economy as growth slows following a sales tax hike. Adding to regional jitters, the U.S. Senate passed a resolution overnight to support human rights in...

Home Depot, Kohl’s slip while Medicines, ServiceNow advance

Nov. 19, 2019 4:58 PM EST

NEW YORK (AP) — Stocks that moved substantially or traded heavily on Tuesday: Home Depot Inc., down $12.99 to $225.86 The home improvement company cut its revenue forecast for the year after missing a key sales measure during the third quarter. Kohl’s Corp., down $11.38 to $47.02 The department...

Home Depot cuts outlook as 3Q revenue misses forecast

Nov. 19, 2019 10:35 AM EST

NEW YORK (AP) — Home Depot reported a shortfall in third-quarter revenue as the retailer’s strategy to meld its online business and its physical stores is taking longer to deliver benefits. The nation’s largest home improvement chain also faces increasing competition from Lowe’s, which...

Lowe's joining Home Depot in cutting concerning chemical

Oct. 30, 2019 4:12 PM EDT

MOORESVILLE, N.C. (AP) — Home improvement retailer Lowe's is phasing out carpets and rugs that contain a group of potentially harmful industrial chemicals that have been turning up in drinking water and some foods. Lowe's spokeswoman Sarah Lively said Wednesday that the Mooresville, North Carolina-based...

California businesses face reality of electrical outages

Oct. 10, 2019 4:56 PM EDT

SONOMA, Calif. (AP) — Retailers and other businesses, from hardware chains to coffee shops, are dealing with a new economic reality of electrical outages in Northern California. Many struggled to keep their businesses open on the second day after the nation's biggest utility Pacific Gas & Electric cut...