Home Depot cuts price of contractor business (Asbury Park Press)
A widespread problem
Home Depot cuts price of contractor business (Asbury Park Press)
Home Depot Inc., the world's biggest home-improvement retailer and owner of nine stores in Monmouth and Ocean counties, agreed to sell its construction-supply unit for $8.5 billion, cutting the price by 18 percent after the U.S. credit squeeze curbed demand for leveraged-buyout debt, three people familiar with the agreement said.
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Home Depot Cuts Unit's Sale Price 18% to $8.5 Billion (Update1) (Bloomberg.com)
Aug. 28 (Bloomberg) -- Home Depot Inc., the world's largest home-improvement retailer, agreed to cut the sale price for its construction-supply unit by 18 percent to $8.5 billion after the U.S. credit squeeze curbed demand for leveraged-buyout debt.
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Home Depot Cuts Supply-Unit's Sale Price 18% to $8.5 Billion (Bloomberg.com)
Aug. 28 (Bloomberg) -- Home Depot Inc., the world's largest home-improvement retailer, agreed to reduce the selling price for its construction-supply unit by 18 percent to $8.5 billion after the U.S. credit squeeze curbed demand for leveraged-buyout debt.
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Don't Refinance Your Home to Pay Off Credit Card Debt - There's a Better Way (Benton Evening News)
(ARA) - Ever received one of those offers in the mail that seems like the solution to all your problems? It may have said, "Your home is an untapped resource. Refinance your loan with us and you'll get quick cash to buy a car, fund college or pay off your credit card debt."
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Minutes from the Federal Reserve meeting (CNN Money)
Following are the minutes from the Federal Reserve meeting, held Aug. 7.
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Bernanke: We're Here To Help (Forbes)
Transcript of last Fed meeting show bankers acknowledging that they might have to change .
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Home Depot Cuts Supply Unit Price to $8.5 Billion (Update3) (Bloomberg.com)
Aug. 27 (Bloomberg) -- Home Depot Inc., the world's biggest home-improvement retailer, agreed to sell its construction- supply unit for $8.5 billion, cutting the price by 18 percent after the U.S. credit squeeze curbed demand for leveraged-buyout debt, three people familiar with the agreement said.
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Home Depot Puts Supply Unit On Special (Forbes)
The retailer reportedly assents to a $1.8 billion reduction in the price of its HD Supply unit to complete sale.
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European shares seen opening lower (Interactive Investor)
Business Finance and city news online from Interactive Investor (www.iii.co.uk). Plus financial and currency market news and information 24/7. Stock prices, share prices, currency markets news and business finance headlines. Also news from AFX and Reuters.
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Stelco shares up 39.7 per cent after US$1.1B offer by U.S. Steel (CP via Yahoo! Canada News)
TORONTO (CP) - Stelco Inc. (TSX:STE) and the company that's proposing to buy it for US$1.1 billion plus assumed debt, U.S. Steel Corp., will face major competitive challenges from offshore rivals that produce steel slab at lower prices, a steel analyst says.
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Home Depot cuts price of contractor business (Asbury Park Press)
Opponents of debt relief argue that it is a blank cheque to governments, and fear savings will not reach the poor in countries plagued by corruption. Others argue that countries will go out and contract further debts, under the belief that these debts will also be forgiven in some future date. They use the money to enhance the wealth and spending ability of the rich, many of whom will spend or invest this money in the rich countries, thus not even creating a trickle-down effect. They argue that the money would be far better spent in specific aid projects which actually help the poor. They further argue that it would be unfair to third-world countries that managed their credit successfully, or don't go into debt in the first place, that is, it actively encourages third world governments to overspend in order to receive debt relief in the future. Others argue against the conditionalities attached to debt relief. These conditions of structural adjustment have a history, especially in Latin America, of widening the gap between the rich and the poor, as well as increasing economic dependence on the global North.
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