Housing Recovery Boosts Home Depot's 1Q Profit
Even though the weather was poor, Home Depot posted an 18 percent increase in its net income for the first quarter thanks to the ongoing housing recovery.
Even though the weather was poor, Home Depot posted an 18 percent increase in its net income for the first quarter thanks to the ongoing housing recovery.
Home Depot and Lowe's continue to service the victims of Hurricane Sandy. The reconstruction effort is expected to help both home improvement retailers post strong profits.
The retailer was trading close to its 52-week low even before Wednesday's disappointing quarterly report when earnings grew by less than 2 percent to $232.8 million, despite seeing net sales climb 15 percent to top $2.7 billion.
U.S. shoppers will buy $110 billion worth of gift cards this year, and nobody's complaining about it: Gift cards are the most-desired present of the season. But you still have to pick the right gift card for each recipient, so we asked plastic experts for their best advice.
The tired video game industry needs a spark -- and it may get it with this week's release of the next installment of the record-setting Call of Duty franchise.
As Hurricane Sandy began tearing up the East Coast, thousands evacuated their homes, schools closed, and millions of businesses and government offices told their workers to stay home. But a few employers did not: the Supreme Court, the Tomb of the Unknown Soldier, Home Depot, Lowe's, and the U.S. Postal Service.
Economists say it will take a while to fully estimate the economic impact of the storm. But they believe the impact will be enough to lower the nation's gross domestic product, the broadest reading of the nation's economic activity, in the fourth quarter.
This month, 12 more billionaire families committed to donate at least half of their wealth to charity by taking the Giving Pledge. Here are introductions to some of the new signatories and their pet philanthropic projects.
Gift cards have made holiday shopping a whole lot easier for millions of people. But they also raise a big question: Who should profit when people don't use up their gift card balances?
Walmart's conquest of of America embodies a decades-long drive toward the lowest common denominator, off-shoring jobs, maximizing profits and reducing quality. But is it a trend we can reverse? Deep in the heart of Ohio, a new store aims to try.
There's never a dull moment on Wall Street, especially when new tablets and old banks are in the way. Let's go over some of the items that will help shape the week ahead: The Kindle Fire, the Nook Tablet, and earnings reports from Sears, Gap, Hot Topic, Lowes Home Depot and Staples.
For more than a year, the American Family Association has pleaded with Home Depot not to publicly back gay rights, and the home improvement retailer has ignored them. In fact, it continues to participate in the city's gay pride parade, as it has done for years. Still, the AFA isn't giving up.
It's easy to forget, given all the success stories of people who've gotten rich in real estate, but you have to remember: Your house is not an investment. Money can be made in real estate, but you're better off considering these investment vehicles than buying property directly.
What makes a truly great leader? Attention to detail, a vision for the future, or maybe a strong personality? How about an education from Harvard or another top business school? Maybe the formula for superior leadership is much simpler; maybe the best way to spot a great leader is simply to look for someone who doesn't focus on profits.














