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BUSINESS
November 15, 2011
Home Depot says spending on home projects and storm-related repairs helped boost its third-quarter net income 12 percent. Home-improvement retailers are facing cautious consumer spending and a weak housing market. Atlanta-based Home Depot Inc.'s smaller rival Lowe's Cos. reported Monday its third-quarter net income fell 44 percent on restructuring costs. But Home Depot fared better. Its results beat expectations and the company raised its 2011 earnings outlook. The No. 1 U.S. home-improvement retailer says net income rose 12 percent to $934 million, or 60 cents per share.
ARTICLES BY DATE
HOME & GARDEN
March 1, 2014 | CHRIS ERSKINE
My buddy Glickman brags about these dates he has with his adult kids about once a month. They keep in touch by seeing each other for brunch or a movie. I like the idea. It's a way of keeping up with our very busy sons and daughters. As the adage goes: Keep your enemies close and your children closer. "And when we're done with the hike," the lovely and patient older daughter says, "maybe you can help me organize my closet. " Classic bait and switch. Glickman never mentioned that part.
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ENTERTAINMENT
November 28, 2012 | By August Brown
If you're a Black Keys fan and you've ever been enticed to order a Meat Lovers' Supreme at Pizza Hut or invest in a storage shed from Home Depot, there might have been a subliminal reason. Each company used songs in commercials that sounded an awful lot like tracks from the Black Keys' smash album "El Camino," namely "Lonely Boy" and "Gold on the Ceiling. " The Black Keys noticed this too, and have reportedly settled the resulting lawsuits around copyright infringement of the band's music.
BUSINESS
February 12, 2014 | By Tiffany Hsu
Amazon.com Inc. and The Home Depot Inc., both giants in their respective retail fields, are heralding the arrival of spring with major hiring surges. E-commerce king Amazon said it will take on more than 2,500 full-time workers in several states as the company's stable of fulfillment centers expands. The employees will be hired to pick, pack and ship customer orders at facilities in Virginia, Kansas, South Carolina, Washington and Tennessee. The online retailer said it hired more than 20,000 fulfillment center workers last year and that the median pay at the sites is 30% higher than the pay at traditional retail jobs.
BUSINESS
November 16, 2010
Home Depot Inc. said Tuesday a tight lid on expenses helped the largest U.S. home-improvement retailer's third-quarter net income rise 21 percent, despite a lackluster 1 percent revenue increase as home owners continue to hold back on bigger renovation projects. The company trimmed its revenue guidance for the year but raised its expectations for earnings. Net income rose to $834 million, or 51 cents per share, from $689 million, or 41 cents per share. That is better than the 48 cents per share analysts expected, according to a poll by Thomson Reuters.
BUSINESS
July 17, 2011 | By Andrew Leckey
Question: I am a customer and shareholder in Home Depot Inc. Despite the economy, are there good prospects ahead? Answer: The results of the world's largest home-improvement retailer are tied to consumers' willingness to buy for their homes and to the company's operating efficiency. The question for stock investors is whether both factors will be strong enough to provide robust returns. Despite a sales drop in its fiscal first quarter, which ended May 1, net income rose 12% to $812 million as costs fell, profit margins went up and the company bought back its shares.
BUSINESS
August 15, 2012 | By Dalina Castellanos, Los Angeles Times
Flipping through door after door on display at her neighborhood Home Depot as if they were pages in a magazine, Debbie Megliorino envisioned her next home improvement project: a bedroom upgrade for her 1950s-era home in Burbank. But for the 53-year-old postal clerk, the shopping excursion was a bit of a surprise. Instead of a frustrating amount of time finding "the guy in the orange vest" to help her, she said she got attention right away. "A lot of times it's been hard to get someone to help me," Megliorino said.
BUSINESS
January 27, 2009 | Nathan Olivarez-Giles and Roger Vincent
Home Depot Inc. announced Monday that it was closing its 34 upscale Expo and other home specialty centers and laying off 7,000 people as a result of the crumbling U.S. housing market and worldwide economic downturn. The company said it would close its 34 sprawling Expo Design Center stores by April, including eight in Southern California, and 14 smaller stores. Some employees were stunned. "Shock. It was shock.
BUSINESS
January 13, 2012 | By Shan Li, Los Angeles Times
Home improvement chain Home Depot Inc. is looking to fill 2,000 temporary jobs in the Los Angeles area and 70,000 positions nationwide in advance of the spring cleanup and gardening season, its busiest time of year. "Just as the Christmas rush and holiday hiring ends for many retailers, we begin recruiting for spring seasonal associates," Tim Crow, the company's executive vice president for human resources, said in a statement. Crow said a seasonal job at the Atlanta-based chain can lead to a regular position.
BUSINESS
August 17, 2010 | Reuters
Home Depot Inc. still sees room for profit growth this year as consumers take up long-delayed maintenance and repair projects for their homes, even if a return to bigger renovations will have to wait. Cost controls helped the company post a higher-than-expected quarterly profit and raise its full-year earnings forecast Tuesday. While sales missed expectations in a weak economy, investors were relieved that the top home-improvement chain still expects an increase for the rest of the year.
BUSINESS
December 22, 2013 | By Andrew Khouri and Andrea Chang
For Raffi Kajberouni, the keys to his Santa Clarita home have become relics. If he locks himself out, no problem. If a friend arrives at his two-story house before him, there's no waiting outside for Kajberouni to arrive. Kajberouni taps his smartphone and his front door unlocks. He can also turn down the thermostat or view his home security cameras from anywhere in the world. "A lot of my friends are jealous," the 31-year-old said. "It's like the home from 'Back to the Future,' but in real life.
BUSINESS
November 19, 2013 | By Ricardo Lopez
Home Depot, the country's largest home-improvement retailer, reported a 43% jump in third-quarter earnings, thanks largely to the housing recovery. Net income rose to $1.35 billion in the quarter that ended Nov. 3 from $947 million a year earlier. Earnings per share in the latest period were 95 cents, beating analysts' expectations of 90 cents. "Our third-quarter results reflect the continuing improvement in the housing market and our solid operational performance," said Chief Executive Frank Blake.
NATIONAL
September 16, 2013 | By Amy Hubbard, This post has been updated. See the note below for details.
Several people reportedly were wounded Monday morning in a shooting at the Washington Navy Yard. A release from the U.S. Navy at 8:20 a.m. EDT reported an active gunman inside the Naval Sea Systems Command Headquarters building.  A tweet from the official Navy account about half an hour later said a "still active shooter"  was at large. According to CNN, several people had been injured. Meanwhile, District of Columbia Mayor Vincent Gray tweeted, asking people to "stay clear of the Washington Navy Yard.
NATIONAL
September 14, 2013 | By Matt Pearce
A North Carolina police officer has been charged with voluntary manslaughter after he shot and killed an unarmed man who may have been looking for help early Saturday morning, officials said. Local media identified the victim as a former football player for Florida A&M University. Jonathan Ferrell, 24, appeared to have survived a "serious" car accident sometime after midnight when he knocked on a Charlotte woman's door about a half-mile away, Charlotte-Mecklenburg Police Chief Rodney Monroe told reporters at a televised news conference Saturday.
BUSINESS
August 20, 2013 | By Ricardo Lopez
The housing recovery and improving economy led Home Depot Inc., the nation's largest home improvement retailer, to post better-than-expected second-quarter earnings, which jumped 17% over the same period last year.  The Atlanta-based company reported Tuesday that sales were $22.5 billion, up 9.5% over the same time period last year.  For the quarter ending Aug. 4, Home Depot posted an overall profit of $1.8 billion, or $1.24 per share....
BUSINESS
May 21, 2013 | By Tiffany Hsu
Spring was waiting in the wings longer than expected, but the recuperating housing market was enough to boost Home Depot Inc.'s first-quarter earnings above Wall Street's expectations. For the period ended May 5, the largest home-improvement chain in the world said its revenue soared 7.4% to $19.12 billion Same-store sales at locations open more than a year got a 4.3% boost. Domestically, that gauge rose 4.8%, driven in part by double-digit lifts in most major markets in California.
BUSINESS
January 12, 2012 | By Shan Li
Home improvement chain Home Depot Inc. is looking to fill 2,000 temporary jobs in the Los Angeles area and 70,000 positions nationwide in advance of spring, its busiest season. "Just as the Christmas rush and holiday hiring ends for many retailers, we begin recruiting for spring seasonal associates," Tim Crow, the company's executive vice president for human resources, said in a statement. Crow said a seasonal job at the Georgia-based chain can lead to a regular position. Last year, about half of the seasonal hires snagged permanent jobs as cashiers, sales associates and garden associates, among other positions.
CALIFORNIA | LOCAL
June 3, 2011 | By Kate Linthicum, Los Angeles Times
As part of a crackdown on pollutants blamed for causing much of the region's smog, air regulators and several local governments have sued Home Depot Inc. for selling illegal paints and other products. Two related lawsuits filed Thursday allege that from 2007 to 2010, the nation's largest home improvement chain sold paints, wood lacquers and other coatings that contained excessive levels of smog-forming chemicals. According to the lawsuits, the illegal products were sold at more than two dozen stores across Southern California, even after the company was notified that it was breaking local air regulation laws.
SPORTS
April 28, 2013
Cordell Cato scored in the 76th minute to help San Jose erase a second-half deficit as the Earthquakes and Chivas USA played to a 2-2 tie Saturday night at the Home Depot Center. The result kept both clubs winless in April. San Jose (3-3-4) last won March 23, and Chivas (3-4-2) hasn't won since March 30. San Jose opened the scoring in the 40th minute. Then Chivas took the lead with a pair of quick goals. San Jose tied it in the 76th minute.
SPORTS
April 20, 2013 | By Steve Galluzzo
All eyes were on the fluorescent green shoes of Landon Donovan, and the Galaxy star made the most of his initial start at Home Depot Center this season, scoring the second goal and assisting on the first in Saturday night's 2-0 victory over Sporting Kansas City. Even before the opening kickoff the near-capacity crowd of 25,908 broke into a chant and Donovan, the third-highest scorer in Major League Soccer history, gave the fans plenty to cheer after seeming a step slow against FC Dallas one week earlier in his first MLS start.
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