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Frank Blake

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  • Aug 21- Home Depot Inc named retail industry veteran Craig Menear as its chief executive, four months after he was appointed as head of the home improvement chain's U.S. retail business. Menear, 56, joined Home Depot in 1997 as a merchandising manager.

  • AP Top Extended Financial Headlines At 5:53 p.m. EDT Thursday, 21 Aug 2014 | 5:53 PM ET

    Justice Dept. announces nearly $17 billion mortgage settlement with Bank of America US stocks rise, helped by encouraging news on jobs; S&P 500 closes at record high Gap tops 2 Q profit expectations, meets revenue forecasts United Airlines is improving first class meal offerings in push to win over business travelers US Census study finds that rich got richer, poor poorer between 2000 and 2011 Home Depot says US retail head Craig Menear will become CEO; Frank Blake will remain chairman Airline industry trade group predicts Labor Day air travel will rise 2 percent over last year Family Dollar spurns Dollar General takeover bid on antitrust issues, backs Dollar Tree deal Measure of economy's future health posts 0.9 percent rise in July, biggest gain since March Housing recovery accelerates as sales of existing homes rise for a 4th straight month

  • AP Top Extended Financial Headlines At 5:43 p.m. EDT Thursday, 21 Aug 2014 | 5:43 PM ET

    Justice Dept. announces nearly $17 billion mortgage settlement with Bank of America US stocks rise, helped by encouraging news on jobs; S&P 500 closes at record high Gap tops 2 Q profit expectations, meets revenue forecasts United Airlines is improving first class meal offerings in push to win over business travelers US Census study finds that rich got richer, poor poorer between 2000 and 2011 Home Depot says US retail head Craig Menear will become CEO; Frank Blake will remain chairman Airline industry trade group predicts Labor Day air travel will rise 2 percent over last year Family Dollar spurns Dollar General takeover bid on antitrust issues, backs Dollar Tree deal Measure of economy's future health posts 0.9 percent rise in July, biggest gain since March Housing recovery accelerates as sales of existing homes rise for a 4th straight month

  • AP Top Extended Financial Headlines At 5:36 p.m. EDT Thursday, 21 Aug 2014 | 5:36 PM ET

    Justice Dept. announces nearly $17 billion mortgage settlement with Bank of America US stocks rise, helped by encouraging news on jobs; S&P 500 closes at record high Gap tops 2 Q profit expectations, meets revenue forecasts United Airlines is improving first class meal offerings in push to win over business travelers US Census study finds that rich got richer, poor poorer between 2000 and 2011 Home Depot says US retail head Craig Menear will become CEO; Frank Blake will remain chairman Airline industry trade group predicts Labor Day air travel will rise 2 percent over last year Family Dollar spurns Dollar General takeover bid on antitrust issues, backs Dollar Tree deal Measure of economy's future health posts 0.9 percent rise in July, biggest gain since March Housing recovery accelerates as sales of existing homes rise for a 4th straight month

  • AP Top Extended Financial Headlines At 5:35 p.m. EDT Thursday, 21 Aug 2014 | 5:35 PM ET

    Justice Dept. announces nearly $17 billion mortgage settlement with Bank of America US stocks rise, helped by encouraging news on jobs; S&P 500 closes at record high Gap tops 2 Q profit expectations, meets revenue forecasts United Airlines is improving first class meal offerings in push to win over business travelers US Census study finds that rich got richer, poor poorer between 2000 and 2011 Home Depot says US retail head Craig Menear will become CEO; Frank Blake will remain chairman Airline industry trade group predicts Labor Day air travel will rise 2 percent over last year Family Dollar spurns Dollar General takeover bid on antitrust issues, backs Dollar Tree deal Measure of economy's future health posts 0.9 percent rise in July, biggest gain since March Housing recovery accelerates as sales of existing homes rise for a 4th straight month

  • AP Top Extended Financial Headlines At 5:27 p.m. EDT Thursday, 21 Aug 2014 | 5:27 PM ET

    Justice Dept. announces nearly $17 billion mortgage settlement with Bank of America US stocks rise, helped by encouraging news on jobs; S&P 500 closes at record high Gap tops 2 Q profit expectations, meets revenue forecasts United Airlines is improving first class meal offerings in push to win over business travelers US Census study finds that rich got richer, poor poorer between 2000 and 2011 Home Depot says US retail head Craig Menear will become CEO; Frank Blake will remain chairman Airline industry trade group predicts Labor Day air travel will rise 2 percent over last year Family Dollar spurns Dollar General takeover bid on antitrust issues, backs Dollar Tree deal Measure of economy's future health posts 0.9 percent rise in July, biggest gain since March Housing recovery accelerates as sales of existing homes rise for a 4th straight month

  • AP Top Extended Financial Headlines At 5:14 p.m. EDT Thursday, 21 Aug 2014 | 5:14 PM ET

    Justice Dept. announces nearly $17 billion mortgage settlement with Bank of America US stocks rise, helped by encouraging news on jobs; S&P 500 closes at record high Gap tops 2 Q profit expectations, meets revenue forecasts United Airlines is improving first class meal offerings in push to win over business travelers US Census study finds that rich got richer, poor poorer between 2000 and 2011 Home Depot says US retail head Craig Menear will become CEO; Frank Blake will remain chairman Airline industry trade group predicts Labor Day air travel will rise 2 percent over last year Family Dollar spurns Dollar General takeover bid on antitrust issues, backs Dollar Tree deal Measure of economy's future health posts 0.9 percent rise in July, biggest gain since March Housing recovery accelerates as sales of existing homes rise for a 4th straight month

  • AP Top Extended Financial Headlines At 5:05 p.m. EDT Thursday, 21 Aug 2014 | 5:05 PM ET

    Justice Dept. announces nearly $17 billion mortgage settlement with Bank of America US stocks rise, helped by encouraging news on jobs; S&P 500 closes at record high Gap tops 2 Q profit expectations, meets revenue forecasts United Airlines is improving first class meal offerings in push to win over business travelers US Census study finds that rich got richer, poor poorer between 2000 and 2011 Home Depot says US retail head Craig Menear will become CEO; Frank Blake will remain chairman Airline industry trade group predicts Labor Day air travel will rise 2 percent over last year Family Dollar spurns Dollar General takeover bid on antitrust issues, backs Dollar Tree deal Measure of economy's future health posts 0.9 percent rise in July, biggest gain since March Housing recovery accelerates as sales of existing homes rise for a 4th straight month

  • Home Depot says Menear will become CEO on Nov. 1 Thursday, 21 Aug 2014 | 4:40 PM ET

    NEW YORK— Home Depot said Thursday that Craig Menear, the president of its U.S. retail operations, will become president and CEO of the company Nov. 1. Frank Blake has been Home Depot's chairman and CEO since 2007, and he will remain chairman of the company.

  • Home Depot names Craig Menear CEO Thursday, 21 Aug 2014 | 4:39 PM ET

    Aug 21- Home Depot Inc named Craig Menear its chief executive, replacing Frank Blake, who will stay on as chairman.

  • Aug 19- Home Depot Inc, the world's largest home improvement chain, said it expected same-store sales to grow faster in the second half of the year as customers furnish new houses and renovate existing ones in a recovering housing market.

  • Aug 19- Home Depot Inc, the world's largest home improvement chain, reported a better-than-expected 5.8 percent rise in same-store sales as customers spent more on home repairs after a severe North American winter. Analysts had expected Home Depot's same-store sales to rise 4.4 percent, according to research firm Consensus Metrix.

  • Home Depot 2Q profit climbs 14 percent Tuesday, 19 Aug 2014 | 6:22 AM ET

    ATLANTA— Home Depot's fiscal second-quarter net income surged 14 percent thanks to a rebound in its spring selling season. "These results support the view of a continued recovery in the U.S. home-improvement market," Frank Blake, Home Depot's CEO, told investors during its earnings call. Home Depot also has been helped of late by an improving U.S. housing market.

  • Home Depot puts a lid on new-store openings - WSJ Thursday, 17 Apr 2014 | 1:35 AM ET

    April 17- Home Depot Inc is putting a lid on new-store openings and focusing its expansion efforts on e-commerce, which presents some logistical challenges for a retailer that sells a lot of bulky materials, the Wall Street Journal reported.

  • Feb 25- Winter storms and record cold in much of the United States hurt Home Depot's fourth quarter sales of everything from lumber to building materials. The comments came after Home Depot missed sales estimates and relied on tight cost controls to beat profit estimates in the fourth quarter, which ended Feb. 2.

  • Home Depot has 'strongest Q2 in over 20 years'     Thursday, 5 Sep 2013 | 4:11 PM ET

    Home Depot CEO Frank Blake discusses his efforts to improve the veterans' lives and homes. He also weighs in on housing around the world and changes that may be made surrounding health care for his company's employees.

  • Home Depot, Target could see CDS reverse course Thursday, 11 Oct 2012 | 12:01 AM ET

    Oct 11- The CDS of big box retailers Home Depot and Target have tightened significantly in recent months, but have the potential to widen in the months ahead as consumer spending is expected to increase only moderately.