Home Depot hit by housing slump

Shares in Home Depot fell 5.2% in New York after the DIY chain reported a 66% fall in three month profit, hit by the US housing slump. Net earnings fell to $356m (£181m), which included a $543m charge for closing 15 stores and scrapping plans to open 50 new ones. Home Depot also warned that full... [read full story]                    

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