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Tag Archives: Lowe’s

Lowe’s Still Cautious

23-Sep-09

Lowe’s, the second largest home improvement retailer in the United States, indicated yesterday that the Company is still cautious about forecasting a recovery starting in the first quarter of 2010. Lowe’s has been experiencing a fall-off in sales as the U.S. housing market buckled in the recession, putting a halt on many major renovation projects.
Yesterday, [...]

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Overnight Market News – August 25, 2009

25-Aug-09

US President Obama to Reappoint Ben Bernanke for Second Term as Federal Reserve Head
UK Mortgage Approvals Rise to 38,181 in July from June’s 35,564, Highest Level Since February 2008
Staples Inc Posts 38% Plunge in Second Quarter Net Income to USD 92.4mm as Companies Reduced Spending on Office Supplies
Lowe’s Cos Inc Enters into Joint Venture with [...]

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Lowe’s Profits Exceed Estimates

19-May-09

Lowe’s Companies reported better-than-expected earnings of US$ 476M (or US$0.32 per share) for its first quarter ended May 1, 2009. Though profit fell 22% from US$0.41 per share in Q01 2008, the retailer still trumped earnings estimates of US$ 0.25 per share. Lowe’s predicts Q02 2009 earnings of between US$0.51 and US$0.55 per share, and [...]

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Financial News Summary – May 18, 2009

18-May-09

- AIG Plans IPO for Asian Subsidiary
- Lowe’s Companies, Inc Profits Exceed Estimates
- Volkswagen Suspends Porsche Talks stating “the atmosphere is not a constructive one”

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Overnight Market News – May 18, 2009

18-May-09

AIG to Seek Asian Subsidiary IPO, Could Raise Over USD 4B
Japan’s AAA Foreign Currency Debt Rating Cut to Aa2 by Moody’s
Volkswagen Stops Tie-up Talks with Porsche as Not Ready for Merger
Europe’s Largest Papermaker, Stora Enso Oyj and Chile’s Celulosa Arauco y Constitucion SA to Purchase USD 344mm of Uruguayan Forest
Second-Biggest Home Improvement Retailer, Lowe’s Record’s [...]

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