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Lowe's Cos. reports third-quarter drop

CHARLOTTE, N.C. --- Lowe's Cos. cited a weak sales environment amid a continuing slump in the housing sector Monday as reasons for a 10.2 percent drop in third-quarter...
Housing drop hurts Lowe's

RALEIGH, N.C. - Lowe's Cos. warned Monday that a slowing housing market will hurt...increase in profit for the second quarter, shares of Lowe's Cos. tumbled as the company cut its full-year earnings...
Biz bits

Electrolux wins award from Lowe's Electrolux Major Appliances North America was named Lowe's Cos. Inc.'s 2006 Supplier of the Year for major appliances. The Augusta-based subsidiary of Sweden's Electrolux AB was given...
Home Depot tops Street; breach costs still hazy

...the District of Columbia, Puerto Rico, the U.S. Virgin Islands, Guam, 10 Canadian provinces and Mexico.Rival Lowe's Cos. reports quarterly results Wednesday.
Home Depot second quarter profit climbs 14 percent

...this implies approximately $82.6 billion. Wall Street predicts $82.5 billion.Home Depot's smaller rival Lowe's Cos. reports its financial results on Wednesday.
Business news: Investors hopeful despite Penney loss

...earnings outlook both came in short of Wall Street's expectations. Its shares fell almost 5 percent in midday trading.Lowe's Cos. earned $499 million, or 47 cents per share, for the period ended Nov. 1. That's up from $396 million, or...
Home improvement chains meeting customers' needs

...consumers stuck in homes they can't sell.Home Depot Inc. is focusing more on affordable products and projects and Lowe's Cos. on improving customer services such as outdoor equipment repair -- changes dictated by the companies' first-quarter...
True Value ready to fight big-box rivals

...problems and given it new momentum. Whether it can regain business lost to home improvement behemoths Home Depot Inc. and Lowe's Cos. remains questionable. But after years on the defensive, the 6,000-store member-owned cooperative is fighting...
Home Depot CEO blames slack service on sagging shares

...shares. Since Home Depot announced first-quarter earnings and sales, which fell short of results from smaller rival Lowe's Cos., Home Depot's shares have declined dramatically from a close of $48.50 on May 20 to a close of $33.25 on...
Business briefs

...continued to decrease, falling 14.9 percent from a year ago. Lowe's benefits from home growth RALEIGH, N.C. - Lowe's Cos. Inc. reported an 18 percent jump in second-quarter income and boosted its earnings outlook based on what it called...