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December 2, 2008 7:27:47 AM CST

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Lowe's news stories

4 Stories

MARKET Open

 Stocks Drop on Citi,
 Retail Woes 


Wall Street Journal Wall Street Journal Nov 17, 08 8:49 AM CST
(Newser) - Stocks slid at the open, as Citigroup slashed jobs and retailers reported yet more disappointing results. The Dow lost 160 points, while the S&P and Nasdaq dropped 1.8% and 1.5% respectively. Among the big drops were Target and Lowe’s, which each took a 24% hit to their third-quarter nets. Target shares dipped 3%, while Lowe's plunged 34%. More »

More about:  Dow Jones • stock market • S&P 500 • Citigroup • earnings reports • NASDAQ • Target • third quarter earnings • Lowe's

 Riding Mowers
 Sputter With
 US Economy 

Housing downturn, gas prices bode ill for icon

Washington Post Washington Post Jul 19, 08 7:06 PM CDT
(Newser) - Once a symbol of American prosperity, the riding lawnmower is running out of gas, the Washington Post reports. The whole business “is deeply troubled by the decline in housing starts,” said one industry group spokesman. Rising oil prices have also pummeled demand. But what’s really turning lawnmower sales south is general economic dread, said one seller. More »

More about:  economy • gas prices • housing crisis • Lowe's • suburban lawn

Dour Housing Market Slams Home Depot Q4 Results

Profits drop 27%, and the company says 2008 isn't looking very bright

Wall Street Journal Wall Street Journal Feb 26, 08 8:23 AM CST
(Newser) - Continuing US housing market woes, showing no signs of letting up, helped drag Home Depot’s fourth quarter profits down 27% over the same quarter last year, to $671 million from $925 million. The world’s largest home-improvement retailer also predicted fiscal-year earnings will drop 19% to 24%, more than twice the decline analysts had expected, the Wall Street Journal reports. More »

Blue Chips Hop Slightly on Fed Confidence

Treasury yields crash
as winners prevail for third straight day

Bloomberg Bloomberg Aug 20, 07 5:05 PM CDT
(Newser) - The Dow was up 42.27 to close at 13,121.35, as winners outnumbered losers about 7 to 6—the third straight positive day on Wall Street. But short-term treasury yields plummeted as speculation increased that the Fed will cut the benchmark rate at its next meeting. Volume on the market was low—about 1.5 billion—as retail and mining led the charge. More »

More about:  Dow Jones • S&P 500 • stocks • NASDAQ • Lowe's

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