Black & Decker, Stanley Works give bleak housing views
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Black & Decker Corp  and Stanley Works  on Monday gave dim forecasts for 2008 as a slowdown in the U.S. housing market has stifled demand for building equipment.
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But trend provokes industry unrest; panel makers call for drop in retail markups to move units. By Evan Ramstad and Gary McWilliams.
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Competition makes for a dreary outlook for the company.
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Turning potential housing into inhabited homes is proving to be a major challenge for the city.
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Black & Decker Corp , a maker of power tools and home-improvement products, on Monday reported a higher quarterly profit but gave a first-quarter outlook that was lower than Wall Street forecasts, citing the sluggish U.S. housing market.
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Home furnishings just aren't fashionable these days.
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Home owners yesterday were warned of a dramatic slump in values. Student Ula Heywood could have been forgiven for underestimating how tough a Duke of Edinburgh expedition can be.
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U.S. housing industry economists on  Monday cautioned that rapid house price gains in some areas of  the country may not be sustainable.
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Home Depot gets the headlines, but Builders FirstSource has the value.
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The Home Depot Inc., the world's largest home improvement store chain, warned Tuesday that its earnings will decline this year more than previously expected because of weak conditions in the housing market and the sale of its wholesale distribution business.
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Business & money: Credit crunch and housing woes blamed for gloom as businesses begin lobbying for interest rate cut
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Homes priced out of buyers' reach and unsold inventory could derail analysts' predictions that the market is near its bottom.
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Companies in sectors without obvious connections to housing are starting to feel the sting from subprime mortgages.
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Planners have been inundated with a flood of applications for new housing developments.
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Weak housing market hurting demand for power tools.
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The housing market plunged deeper into despair last month, with sales of new homes plummeting to their lowest level in more than 12 years.
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Business & money: Wall Street threatened by crumbling housing market.