Home Depot says buys China's The Home Way
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U.S. home improvement retailer Home Depot Inc.  said on Wednesday it had signed an agreement to buy Chinese home improvement retailer The Home Way, marking its first foray into retailing in China.
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Home Depot Inc. HD.N, the world's  largest home improvement retailer, on Tuesday said quarterly  profit rose, topping estimates, as technology upgrades and  other store improvements helped boost sales.
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The home improvement chain will fund a share repurchase program with proceeds from the sale of its HD Supply unit.
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The chairman and chief executive of Home Depot Inc.  said on Wednesday the home improvement retailer plans to remain a publicly owned company.
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THE REGION Bain Capital LLC and two other buyout firms agreed to buy Home Depot's contractor supply business for $10.3 billion. The Boston firm and its partners, Carlyle Group of Washington, D.C., and Clayton, Dubilier &amp; Rice Inc. of New York, are expected to close the deal for HD Supply in the next few months. The wholesale unit is the ...
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Home Depot, the world&#39;s largest home-improvement retailer, said Tuesday it would sell its wholesale supply division to a private equity consortium for 8.5 billion dollars, a steep discount from the initial price.
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Home improvement retailer Home  Depot Inc.  said on Wednesday it decided to repurchase  $22.5 billion in stock and risk a lower credit rating instead  of maintaining its current capital structure.
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(InfoWorld) - Microsoft wants to play a bigger role in China's living rooms, and the company is willing to spend millions of dollars to get there. The company's latest home-entertainment moves in China include aÂ planned $12.3 million investmentÂ in Sichuan Changhong Electric. The deal, announced earlier this week, gives Microsoft a small stake in one of China's largest TV makers, which in turn agreed to develop TVs and other products able to link with the Internet. "Microsoft and Changhong have partnered in exploring the use of digital media technologies to benefit the consumers for a better in-home networked digital entertainment experience," Microsoft said Friday in an e-mail statement. Its investment is intended to build goodwill, rather than bring a specific product to market. "The investment is more like a gesture of saying, 'We're friends strategically,'" said Jason Yin, managing director at In-Stat China. Critics have compared the Changhong deal to Venus, an ill-fated project launched in 1999 to develop Windows CE set-top boxes for the Chinese market. But that's not an accurate comparison. "It's very different," Yin said. Unlike Venus, Microsoft isn't trying to bring a new piece of hardware to market. Current versions of Windows are capable of connecting a TV with the Internet, and these types of systems are already available in China. Changhong's own M10 Living Room Entertainment Center is an example. Based on Windows XP Media Center Edition, the M10 is designed to connect with a television and comes with a remote control and wireless keyboard, allowing users to access music, videos and the Internet from a couch instead of a desk. Changhong also offers other consumer products that connect to the Internet. For instance, it sells a 32-inch LCD (liquid crystal display) television with a camera that can be used for Internet video calls. And the company has worked with China Telecommunications Group Corp., one of the country's two major fixed-line operators, to sell IPTV (Internet Protocol TV) set-top boxes. Microsoft hopes closer ties with Changhong will strengthen the channel through which its home-entertainment software reaches Chinese consumers. Those products include Windows Media Center and Mediaroom, the company's IPTV software. "Microsoft now has a better understanding of the value of local partners in penetrating China's market," Yin said, citing the example of Xiamen Amoi Electronics, which develops and sells Windows Mobile smart phones in China. Whether Microsoft's small investment in Changhong yields the desired result remains to be seen. In past years, the company used investments to build closer relationships with Chinese partners to varying degrees of success. "The investment doesn't always mean they get what they want," Yin said. The Changhong investment is just one part of Microsoft's home-entertainment push in China, and the company continues to seek out new deals and alliances. On Thursday, Microsoft signed an agreement with Shanghai Media Group (SMG), the country's second-largest media company. Under the terms of that deal, SMG will use Microsoft products across its new-media division, which includes Internet video, IPTV and mobile television. The partners hope their combined strengths in software and content will convince more companies to join them. Financial details of the deal were not disclosed. Â
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Home Depot Inc  said on Tuesday it agreed to cut the price of its supply division sale to buyout firms by $1.8 billion, as a housing market drop and a credit crunch forced all sides to renegotiate.
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ATLANTA, Aug. 26 -- Home Depot has tentatively agreed to sell its wholesale distribution business to a group of private-equity firms for $1.8 billion less than originally planned, and it will retain a small stake in the unit, a person with direct knowledge of the situation said Sunday.
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Home Depot  is expected to sell $5 billion in a three-part debt sale this week, according to a market source familiar with the sale.
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U.S. home improvement retailer Home  Depot Inc.  said on Wednesday it had signed an agreement  to buy Chinese home improvement retailer The Home Way, marking  its first foray into retailing in China.
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Kmart Holding Corp. will sell 18 stores to Atlanta-based The Home Depot Inc. for $271 million. Home Depot had previously agreed to buy up to 24 Kmart (Nasdaq: KMRT) stores for a price of up to $365 million.
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Home Depot Inc., the world's largest  home improvement retailer, agreed to pay $5.5 million to settle  discrimination claims brought by some workers at its Colorado  stores, the U.S. Equal Employment Opportunity Commission (EEOC)  said on Wednesday.
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Home Depot Inc  said on Tuesday  it agreed to cut the price of its supply division sale to  buyout firms by $1.8 billion, as a housing market drop and a  credit crunch forced all sides to renegotiate.
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Home Depot Inc. , looking to expand its share of the home appliance market, said Tuesday it will begin selling refrigerators, washers, dryers and other items online.
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Home Depot agreed today to sell its commercial supply business to a consortium of private equity firms for $8.5 billion, nearly $2 billion less than the original agreement.