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.
read more
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...."
RTTNews
|
47 days ago
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...
RTTNews
|
132 days ago
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.
RTTNews
|
136 days ago
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.
RTTNews
|
214 days ago
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.
RTTNews
|
405 days ago
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...
RTTNews
|
494 days ago
Swiss Market Ends On Strong Note Ahead Of Holidays
The Swiss market shrugged off a slightly weak start on Monday and kept moving higher as the session progressed and eventually closed on a strong note.
RTTNews
|
7h 2min ago
European Stocks Close Mixed After Cautious Session
European stocks turned in a mixed performance on Monday as investors, digesting some economic data from the region, largely made cautious moves ahead of upcoming Christmas holidays.
Worries about Trump's tariff threats, and political uncertainty in Germany and France weighed on sentiment.
RTTNews
|
7h 27min ago
