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Home Depot Inc.'s (HD) fiscal first-quarter earnings jumped 18% as the improving housing market trumped uncooperative weather during the period and the home-improvement retailer looks forward to a solid second quarter.Home Depot also benefited from buying related to Hurricane Sandy, where rebuilding of homes is still going on in the Northeast and mid-Atlantic.The showing was another strong quarter for Home Depot, whose own turnaround, on top of improving conditions for home construction and new home sales, has produced solid quarterly results. The report set a high bar for rival Lowe's Cos. (LOW), which reports its first-quarter results Wednesday."Increasing household formation, price appreciation, and higher housing turnover are all positives for our market," said Chief Executive Frank Blake on a conference call.But "credit availability remains tight and constrains the velocity of the recovery," Mr. Blake said.Sales related to Hurricane Sandy were approximately $145 million in the sec...
WASHINGTON (WASHINGTON) - New-home construction and consumer inflation probably fell in April and weekly jobless claims likely rose, according to economists polled b...
U.S. stocks rose Wednesday, with hopes for ongoing central-bank stimulus bolstering sentiment amid economic reports illustrating a contraction in manufacturing."It s...
U.S. stocks mostly rose Wednesday, with hopes for ongoing central-bank stimulus-bolstering sentiment amid economic reports illustrating a contraction in manufacturin...
Shares of Google (NASDAQ:GOOG) ascended above $900 on Wednesday for the first time ever, raising the technology behemoth's market value beyond the $300 billion thres...
European stock markets climbed to multiyear highs on Wednesday, as weak growth reports from the euro zone raised hopes the European Central Bank would consider more ...
U.S. stocks turned higher Wednesday after a gauge of home-builder sentiment gained in May, offsetting an unexpected contraction in New York-area manufacturing.Wednes...
U.S. home builders' confidence rose this month, with sales expectations rising to the highest level in more than five years, a sign the housing market will keep driv...
U.S. stocks moderated Wednesday losses after a gauge of home-builder sentiment gained in May, offsetting an unexpected contraction in New York-area manufacturing.The...
U.S. home builders' confidence rose this month, with sales expectations rising to the highest level in more than five years, a sign the housing market will keep driv...
After declining for three months, a gauge of confidence among home builders rose in May, led by views on current sales and prospective buyers, according to the Natio...
U.S. stocks declined on Wednesday, retreating a day after another record-setting rally, as data showed an unexpected contraction in New York-area manufacturing.The N...
An index of sentiment among home builders is expected to rise to 44 in May from 42 in April, supported by improving weather and lower lumber prices, according to eco...
Specialty chemicals producer Rockwood Holdings Inc's pigments businesses have attracted offers from buyout firms including Blackstone Group LP and Advent Internation...
Sell in May and go away? Try again next year.After last week's gains, the S&P 500 is sitting on a 4.4 percent gain for the month heading into Monday's trading sessio...
Housing, particularly new home construction, will be the driver for new jobs to boost economic recovery, mortgage-finance company Freddie Mac (FMCC) said in its late...
Housing, particularly new home construction, will be the driver for new jobs to boost economic recovery, mortgage-finance company Freddie Mac (FMCC) said in its late...
Shares of William Lyon Homes rose more than 4% Thursday in the builder's first day of trading on the New York Stock Exchange. The initial public offering sold 8.7 mi...
Construction of new homes sank last month, a sign of weakness for a part of the economy that has been in recovery mode.Overall housing starts fell 16.5% in April to ...
Construction on new U.S. homes dropped 16.5% in April to a seasonally adjusted annual rate of 853,000 -- the lowest level since November -- led down by volatile apar...
