Home Depot Receives U.S. Antitrust Approval For SRS Acquisition
(RTTNews) - Home improvement retailer The Home Depot (HD) announced Friday the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, in connection with its pending acquisition of SRS Distribution Inc. The expiration of the waiting period occurred at 11:59 p.m. on June 13, 2024.
The expiration of the waiting period under the HSR Act satisfies an important condition necessary for the completion of the transaction.
The transaction is expected to close on or about June 18, 2024, subject to the satisfaction or waiver of customary closing conditions.
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Home Depot Co-founder Bernard Marcus Dies At 95
Bernard Bernie Marcus, who co-founded retail chain the Home Depot Inc., has died, aged 95. The Billionaire, said to be a major donor to Republican politicians and a supporter of Donald Trump, breathed his last on the U.S. Election day. In a statement announcing the news, the company, which is now mainly owned by institutional investors, said, "Bernie was an inspiration in many ways...."
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Home Depot Cuts FY24 Earnings, Comps View, Lifts Sales Forecast; Stock Down
Shares of Home Depot, Inc. were losing more than 5 percent in the pre-market activity on the NYSE after the home improvement retailer on Tuesday reported weak earnings in its second quarter amid lower comparable sales, despite a slight growth in total sales. However, adjusted earnings beat the Street estimates. Further, the company revised down its fiscal 2024 earnings view, to now expect a...
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Samsung Recalls 1.1 Mln Electric Ranges For Fire Risk
South Korean consumer electronics major Samsung Electronics Co Ltd. is recalling about 1.12 million units of Slide-in Electric Ranges after reports of around 250 fires, some of which caused injuries, extensive property damage and pet deaths, the U.S. Consumer Product Safety Commission said.
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Home Depot Partners Instacart To Offer Same-Day Delivery In As Fast As An Hour
Grocery delivery company Instacart (CART) and The Home Depot, Inc. (HD), the world's largest home improvement retailer, announced Thursday a nationwide partnership to offer same-day delivery in as fast as an hour from nearly 2000 store locations.
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Home Depot Narrows FY23 Outlook Range - Update
While reporting financial results for the third quarter on Tuesday, home improvement retailer Home Depot Inc. (HD) narrowed it earnings per share as well as sales and comparable sales guidance range for the full-year 2023.
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Gree Recalls 1.56 Mln Dehumidifiers Due To Fire And Burn Risks
Gree Electric Appliances, Inc. is recalling 1.56 million dehumidifiers after reports of at least 23 fires, the U.S. Consumer Product Safety Commission announced. According to the agency, the dehumidifiers can overheat, smoke, and catch fire, posing fire and burn hazards to consumers. There were reports of at least 23 fires, 688 incidents of overheating, and $168,000 in property damage...
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TSX Closes At New Record High
The Canadian market closed modestly higher on Friday, lifted by gains in industrials and energy stocks. Positive reaction to the nation's retails data and the recent announcement of a mini stimulus package contributed to the upside.
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Swiss Stocks Close On Strong Note
Swiss stocks closed on a bright note on Friday, in line with markets across Europe, as weak manufacturing and services sector data from major European countries such as the U.K., Germany and France raised hopes that central banks will cut interest rates further to help revive growth.
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