Renting isn't just for apartments and cars anymore. Americans today are trying to save a few bucks by taking only temporary ownership (or, borrowership) of a whole new array of goods from designer handbags, rims to pimp their rides, iPhones, power tools and, yes, caskets.
This season's series of colossal storms have cost millions of dollars for states, municipalities and businesses. But companies in these six industries are finding that the rough winter's snows are a gift from the weatherman.
Home Depot raised its 2010 outlook, and expects both sales and profits to rise in 2011, when it plans to open 10 new stores. The nation's biggest home improvement retailer expects sales to rise approximately 2.3%, up from a previously projected 2.2% gain.
In some parts of the U.S., the real estate market remains deep in recession. But even with housing prices sitting at multi-year lows, millions of houses remain empty, unable to attract buyers haunted by unemployment and a weak economy. As part of a new series, DailyFinance takes a look at one town near New York City that is still struggling with the effects of the great real estate bust.
The nation's largest home improvement retailer reported that its third quarter net earnings rose a higher-than-expected 21% due to lower expenses and cost cuts. Additionally, Home Depot raised its fiscal 2010 earnings outlook.
The world's second-largest home improvement retailer reported that its earnings rose 17% in the third quarter. While the profit beat analysts' estimates, sales came in lower than expectations.
The home improvement retailer beat earnings expectations but sales fell below estimates as consumers continue to hold back on spending due to economic concerns.
