Home Depot (HD) may sell its supply unit, for $1.2 billion less than was originally planned. The initial price was about $10.3 billion. The problem now is that the deal may still…
Douglas A. McIntyre The CEO of CountryWide Financial (CFC), Angelo Mozilo, could not just take the $2 billion his company got from Bank of America (BAC) and have a nice day. He had to mention…
The FT writes that Merrill Lynch, Lehman Brothers and JPMorgan are not happy about funding a deal to buy Home Depots (HD) wholesale supply business to private equity interests. Even though the…
Douglas A. McIntyre According to Reuters, a group of California gas stations filed suit against Chevron (CVX), Saudi Aramco, and Royal Dutch Shell for price fixing. Reuters writes that Canon (CAJ) is spending another $862…
The August short interest numbers show that Home Depot (HD) and Lowe’s (LOW) had spikes in shares sold short. At HD that number hit 61.8 million, up 20.8 million. At LOW the…
Below are short interest figures for major companies traded on the NYSE as of August 15 compared to July 13, 2007 Largest Short Positions Ford (F) …
Lowe’s Companies (NYSE:LOW) reports earnings on Monday and First Call estimates put earnings at $0.61 EPS on revenues of $14.1 Billion. Estimates for the following quarter are $0.47 EPS on revenues of…
It is always good to remember that just because stocks trade at intraday lows, it doesn’t mean that they are going to stay that way or that they are going to roll…
Shares in The Tribune Company (TRB) are off almost 4% today to $24.57. The price promised for an LBO lead by Sam Zell is $34. The deal is now likely to die,…
Douglas A. McIntyre The Home Depot (HD) today reported fiscal 2007 second quarter consolidated net earnings of $1.6 billion, or $0.81 per diluted share, compared with $1.9 billion, or $0.90 per diluted share, in the…
Douglas A. McIntyre Ford (F) is off almost 5.5% today, victim of the double whammy. With private equity frightened of its own shadow and the $10 billion Home Deport (HD) Supply deal in trouble, it…
This is what Bloomberg said about Robert Nardelli in a piece written the day he joined Chrysler as CEO: "At Home Depot (HD), Nardelli doubled sales and the number of store operations…
Douglas A. McIntyre Home Depot (NYSE:HD) broke the news this morning that it is in discussions with private equity firms Bain Capital, Caylyle, and with Clayton Dubilier & Rice over restructuring its previously agreed to…
Douglas A. McIntyre Tom LaSorda, Chrysler’s CEO, was kicked out of the corner office today. Maladroit manager Robert Nardelli, who did his best to sink Home Deport (HD) while CEO there, gets the top job…
According to Reuters, Bear Stearns (BSC) pushed out one of its presidents after problems that closed two of its hedge funds. Reuters writes that Robert Nardelli, former CEO of Home Depot (HD),…
