Housing Recovery Boosts Home Depot 1Q Results
May 21st, 2013ATLANTA (AP) — Even though the weather was poor, Home Depot posted an 18 percent increase in its net income for the first quarter thanks to the ongoing housing recovery. Its quarterly results topped Wall Street’s view and the world’s biggest home improvement chain boosted its full-year earnings and revenue forecasts Tuesday. Shares climbed 4
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Sprint To Listen To Dish Offer
May 21st, 2013OVERLAND PARK, Kan. (AP) — Wireless company Sprint Nextel Corp. says it can now let Dish Network Corp. see its books and talk with Dish to see whether its competing offer to buy Sprint is better than its current deal with Japan’s SoftBank. The companies said late Thursday that SoftBank had waived provisions of its
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Average Credit Card Debt, Late Payments Fall In 1Q
May 21st, 2013LOS ANGELES (AP) — Americans got better about paying their credit card debt on time in the first three months of the year, a period when many borrowers use income tax returns to tackle their holiday season debt. The rate of credit card payments at least 90 days overdue fell to 0.69 percent in the
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Yahoo Takes Big Leap With $1.1B Deal For Tumblr
May 20th, 2013SAN FRANCISCO (AP) — Yahoo is buying online blogging forum Tumblr for $1.1 billion as CEO Marissa Mayer tries to rejuvenate an Internet icon that had fallen behind the times. The deal announced Monday represents Mayer’s boldest move yet since she left Google 10 months ago to lead Yahoo’s latest comeback attempt. It marks Yahoo’s
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Actavis Buying Warner Chilcott In $8.5B Deal
May 20th, 2013NEW YORK (AP) — Actavis is buying Warner Chilcott in an all-stock transaction valued at about $8.5 billion which would create the third-biggest specialty pharmaceutical company in the U.S. The announcement on Monday comes after the two companies said earlier this month that they were in talks about a possible combination. It also follows reports
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