Feb 26- Lowe's Cos Inc reported strong sales growth in the fourth quarter, showing that the No. 2 U.S. home improvement retailer was closing in on market leader Home Depot Inc.. The company said its net sales rose 5.6 percent to $11.66 billion in the fourth-quarter ended Jan. 31.
Feb 26- Lowe's Cos Inc, the No. 2 U.S. home improvement retailer, reported a 6.3 percent rise in quarterly profit, helped by a nearly 4 percent rise in same-store sales. The company said net income rose to $306 million, or 29 cents per share in the fourth quarter ended Jan. 31 from $288 million, or 26 cents per share, a year earlier. Sales rose 5.6 percent to $11.66 billion.
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.
NEW YORK, Feb 23- For U.S. stock investors, the main event will be Federal Reserve Chair Janet Yellen's return trip this week to Capitol Hill. Wall Street will hang on her every word about the weather, of all things, when she goes before the Senate Banking Committee to complete her semi-annual testimony about monetary policy.
The main focus will be Part Two of Federal Reserve Chair Janet Yellen's semi-annual monetary policy testimony before the Senate Banking Committee on Thursday. Ironically, Yellen's congressional testimony before U.S. lawmakers was rescheduled after a Senate panel previously canceled the original hearing date due to a recent snowstorm in Washington, D.C..
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Petitions given to the retailers this week will demand they stop selling pesticides that may be killing billions of honeybees.
NEW YORK, Feb 11- Investors can't blame the stock market's bumpy ride so far this year on S&P 500 earnings, which could end the reporting period with the best quarterly growth in more than two years.
*Inland Diversified to get between 1.650 -1.707 Kite Realty shares. *Kite Realty to sell Inland's multi-family assets. Feb 10- Kite Realty Group Trust said it would buy Inland Diversified Real Estate Trust Inc for $1.2 billion in stock to boost its shopping center portfolio and help it enter new markets in the United States.
The Fed chair's first testimony before Congress is the big event for markets in the week ahead, as traders sift through economic data.
Some of the names on the move ahead of the open.
In his new book, "Get Rich Carefully," CNBC's Mad Money host Jim Cramer tells how to find value stocks in hot industry, tech and service sectors.
It’s time for the Lightning Round. Cramer makes the call on viewer favorites.
The home improvement retailer offers a new tool, partnering with home renovation service Porch.com as the anti-DIY online.
It's been a year of rising stock prices and economic recovery. So why are executives still making cuts and dissing this economy? Retail analyst Brian Sozzi explains.
Analyst Brian Sozzi has detailed pics and stats arguing his case about why Sears is experiencing a slow death. Sears has come out swinging against him, going so far as to accuse him of working for Macy’s.
Companies are making headlines after the bell Monday:
Right now, the internet is largely a human-to-human affair. But the devices are coming. And they're talking, says the CEO of LogMeIn.
Architects are busier than ever as more homeowners are sprucing up their houses after their mortgages return to positive equity.
Up 28% ytd, Goldman Sachs just told clients to rotate out of this stock. Cramer says, ‘don’t listen.’