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August 30, 2006 | From Bloomberg News
Home Depot Inc. said Tuesday that its directors would be elected by a majority of votes cast, starting at next year's annual meeting. The proposal was approved in May by 56% of shareholder votes at Home Depot's annual meeting. Previously, directors were elected under a plurality standard, meaning the candidate who received the most votes won. Chief Executive Bob Nardelli was criticized by some shareholders for his compensation and director accountability.
June 29, 2002 | Bloomberg News
Home Depot Inc. said it planned to seek business from the federal government, changing a policy the company had in place since it was founded in 1978. The Atlanta-based company said it had decided to seek the business after feedback from its associates and customers and after further evaluation of the requirements necessary to become a federal contractor.
November 20, 2002 | Karen Jacobs, Reuters
Home Depot Inc., the world's largest home-improvement retailer, Tuesday reported a 21% rise in quarterly profit as it cut costs, but a weak outlook sent its shares down 13%. The company, which is revamping its business as chief rival Lowe's Cos. moves into its most lucrative markets, said it expects earnings for the current quarter to miss Wall Street consensus estimates by 1 cent a share. Home Depot also said sales for the full year will fall short of longer-term growth goals.
November 14, 2007 | From Times Wire Services
A persistently bleak housing environment forced Home Depot Inc. to diminish its financial outlook as the nation's largest home improvement store chain posted a 26.8% drop in its fiscal third-quarter profit. Atlanta-based Home Depot predicted a fall of as much as 11% in earnings a share from continued operations because of "softness in the housing market."
March 21, 1998 | MIMI KO CRUZ
Saying it will provide this city with hundreds of jobs and hundreds of thousands of dollars in sales tax revenue, city officials this week approved an agreement for the Home Depot to open a new store on Harbor Boulevard. City Manager Jerry L. Bankston said that when the store opens, it is expected to generate $400,000 in sales tax revenue. Home Depot U.S.A. Inc., headquartered in Fullerton, will pay $6.3 million for the property at 600 S. Harbor.
Detroit is synonymous with cars, San Francisco is known for sourdough bread and Milwaukee is hailed as a beer drinker's paradise. And Fullerton? It is becoming the home of home center headquarters. Home Depot, the nation's largest chain of do-it-yourself home improvement stores, said Monday that it has consolidated its operations west of Texas into its first regional division, based in Fullerton. Fullerton also happens to be the headquarters of HomeClub Inc.
August 19, 2007
Re "Home Depot loses store permit battle," Aug. 16 One really has to wonder why Home Depot would resort to a threatened lawsuit against the city as its latest ploy to force itself where it is not wanted. If it truly believed that its presence in Sunland-Tujunga was such a good thing, then why has it resisted with everything it could think of, and afford, to submit to the requested and required environmental review? My guess is that it didn't think it could pass.
October 1, 1997 | JULIO V. CANO
Home Depot, the home-improvement chain, began building a store this week on an 11-acre site on Lincoln Avenue, boosting the city's redevelopment effort. Home Depot plans a 105,700-square-foot building with a 24,000-square-foot garden facility in the 5700-5800 block of Lincoln. The store is scheduled to open next summer. The chain acquired five lots at the site, the largest of them formerly a car dealership, for nearly $7 million. "It's a terrific thing for Cypress," said Mayor Tom Carroll.
March 5, 2008 | David Zahniser
Home Depot officials said Tuesday they have delayed their lawsuit over a planned store in Sunland-Tujunga while they take part in mediation supervised by City Atty. Rocky Delgadillo. The hardware giant sued last year after the City Council voted to require more environmental review of a store proposed for Foothill Boulevard. Under an agreement with the city, the company will enter into talks with project opponents from Sunland-Tujunga. If the company fails to win approval of its store in five months, the company will go ahead with its lawsuit.
August 10, 2007 | From the Associated Press
Home Depot Inc. sent its already battered shares down further Thursday when it issued a double dose of bad news that it might get less than expected for its wholesale distribution unit and that it was lowering how much it would pay to buy back a portion of its stock. Although the world's largest home-improvement store chain said it was committed to getting the most value from the sale of its HD Supply unit and completing its plan to repurchase as much as $22.
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