DIRS.INFO The most relevant business & tech news

☆ I'm the parent of an only child and people can be judgmental. They don't know what we went through to have her.
▼ + stars: | 2024-04-10 | by ( Laura Amoriello | ) www.businessinsider.com time to read: +5 min

Stuck in the extended position on the leg machine, I couldn't believe small talk at the gym could go so awry. When she went to speak to the doctor, my body knew: it was over. The doctor told me the egg was not in the uterus. We have an only child for a reasonIt seemed almost quaint to decide whether to have another child after the grief of losing two pregnancies. AdvertisementIn a perfect world, I would have told the gym lady, "With all due respect, it's none of your business."

Persons: I've, We'd, Let's, Olivia, —, doesn't, There's Organizations: Service, Business Locations: San Antonio

☆ The 'Buffett indicator' is a red flag for markets, but 'this is not a bubble,' says investing pro
▼ + stars: | 2024-04-09 | by ( Ryan Ermey | ) www.cnbc.com time to read: +1 min

The latest rumbling from the latter camp have pointed out that stocks look overvalued by the standards of none other than Warren Buffett. The so-called Buffett indicator compares the total market capitalization (share prices times outstanding shares) of all U.S. stocks with the quarterly output of the U.S. economy. Things are in normal territory if the total value of the Wilshire 5000 index (which measures the total market) is about on par with the latest quarterly GDP estimate. Stocks trading at about double the size of the economy is considered a major red flag. "If we're comparing a bubble to the late 90s and early 2000s, no this is not a bubble," she says.

Persons: Warren Buffett, they're, Liz Young, we're Organizations: Stocks Locations: U.S

☆ Behind the scenes of CNN’s coverage of the total solar eclipse across America
▼ + stars: | 2024-04-08 | by ( Oliver Darcy | ) edition.cnn.com time to read: +5 min

CNN —Millions of viewers on Monday tuned into special news broadcasts to watch the once-in-a-generation total solar eclipse as it cast a shadow across North America. What lessons did you learn from the 2017 eclipse that helped this time around? When we reviewed the 2017 coverage and insights, we were reminded that the audience has an incredible appetite for such a visceral and visual story. There has been a steady drumbeat – led by our Science and Video teams – of informative, entertaining and educational features, interactive products, newsletters and much more. During live coverage, what was one element that took you off guard or surprised you?

Persons: Lyndsey Read, Vivian Kuo, Kuo, —, Brianna Keilar, Boris Sanchez, getup, Ed Lavandera, Kristin, Read, Rosa Flores, Derek Van Dam Organizations: CNN Locations: North America, National, Mazatlán, Mexico, Indianapolis, Vermont, Niagara Falls, Arkansas, Texas

☆ A millennial shared how her family is pursuing their American dream after moving from Scotland to Florida. She's enjoying the beaches and weather but finds Florida can be expensive.
▼ + stars: | 2024-04-07 | by ( Madison Hoff | ) www.businessinsider.com time to read: +11 min

Now her family is living their American dream in South Florida. Peacock's family is just one example of people pursuing the American dream, which can mean different things to different people, like achieving homeownership. Some Gen Zers see the American dream has changed from how older peers may have seen it. For us, the American dream is also the weather and the beach lifestyle, and we have that." "We're legally entitled to do the last stage from within the country, but it's a very complicated and lengthy process," Peacock said.

Persons: Amber Peacock, Peacock, we'd, didn't, Zers, She's, We've, we've, America Peacock, they're, We're, Brit Peacock, Aunty Bubs, they've, It's Organizations: Service, Business, Sunshine State, YouTube Locations: England, Scotland, South Florida, America, New York, Florida, Edinburgh, Lincolnshire, Memphis , Tennessee, Tennessee, Memphis, Nashville, Nashville , Tennessee, Texas, Chicago, West, East

Hopeful homebuyers should expect mortgage rates to remain elevated for at least a couple more months. If inflation eases in the coming months and the Fed is able to start cutting its benchmark rate, mortgage rates should drop as expected. See more mortgage rates on Zillow Real Estate on ZillowMortgage Refinance Rates TodayMortgage type Average rate today This information has been provided by Zillow. See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates will affect your monthly and long-term payments. This is good news for mortgage rates — as inflation slows and the Federal Reserve is able to start cutting the federal funds rate, mortgage rates are expected to trend down as well.

Persons: Jerome Powell, Fannie Mae Organizations: Federal, Zillow, Federal Reserve, Mortgage, Association, ARM Locations: Chevron

A few months ago I was helping my mom revisit her homeowners insurance to see if she should add an earthquake insurance policy. Dahl explains that homeowners insurance and earthquake insurance are two completely different policies. The California Earthquake Authority, which provides most of the earthquake insurance policies where I live, has deductibles starting at 5%. So if your home is insured for $500,000 under your earthquake insurance policy, it should also be insured for $500,000 for your homeowners insurance. Earthquake insurance includes some exceptionsWhile earthquake insurance technically includes most damage and destruction to your home in the case of a ground tremor, there are some exceptions, such as a fire.

Persons: Seok Dahl, Dahl, I'd Organizations: Business, FEMA, Farmers, California Earthquake Authority Locations: Los Angeles, California

The information for the following product(s) has been collected independently by Business Insider: Navy Federal Credit Union® Platinum Credit Card, Navy Federal Credit Union® More Rewards American Express® Credit Card, Navy Federal Credit Union® nRewards® Secured Credit Card, Citi® Diamond Preferred® Card, Citi® Diamond Preferred® Card. Navy Federal Credit Union® Platinum Credit Card QualificationsYou'll need to be a Navy Federal Credit Union member to be eligible for the Navy Federal Credit Union® Platinum Credit Card. Navy Federal Credit Union® Platinum Credit Card RewardsThe Navy Federal Credit Union® Platinum Credit Card doesn't earn rewards from spending. Navy Federal Credit Union® More Rewards American Express® Credit Card vs. Navy Federal Credit Union® Platinum Credit CardThe Navy Federal Credit Union® More Rewards American Express® Credit Card is designed for consumers with good to excellent credit. Navy Federal Credit Union® nRewards® Secured Credit Card vs. Navy Federal Credit Union® Platinum Credit CardThe Navy Federal Credit Union® nRewards® Secured Credit Card is designed for people who want to build or repair their credit, and may be a good option if you can't qualify for a Navy Federal Credit Union® Platinum Credit Card due to low credit.

Persons: Federal nRewards, cardholders, Read, Cardholders, — Organizations: Business Insider, Navy Federal Credit, Card, Navy Federal Credit Union, Citi, Federal Credit, Credit, National Guard, Department of Defense, DOD, The Navy Federal Credit, Federal Credit Union, Emergency Assistance Navy Federal Credit, Federal, American, Walmart, Wells, Citi Diamond Preferred, Navy, Navy Federal, of Defense, Business Locations: Wells

☆ Some top schools are bringing back ACT and SAT requirements — but most colleges are still test-optional. Here's what you need to know.
▼ + stars: | 2024-04-03 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +7 min

AdvertisementYale and Brown made similar announcements, saying they conducted studies that found requiring testing allowed them to attract the most diverse student body. "The institutions we're currently talking about, they're requiring tests again and didn't necessarily want to ever stop requiring tests," Baker said. Its reason: requiring testing scores would help the school choose between many high school seniors with high GPAs. Even so, data has shown students have continued to take tests despite applying to schools with test-optional policies. AdvertisementMoving forward, Baker said it's important that if more schools choose to switch their testing policies, they consider the announcement's timing.

Persons: —, they're, Brown, Brown's, Francis Doyle, Harry Feder, Dominique Baker, couldn't, Baker, Jay Hartzell Organizations: Service, Dartmouth, Business, Yale, ACT, National Center for Fair, University of Delaware, Ivy League, University of Texas, University of Michigan, College Board Locations: Austin

☆ This couple spent $30,000 converting a school bus they found on Facebook into a tiny home—take a look inside
▼ + stars: | 2024-04-02 | by ( Celia Fernandez | ) www.cnbc.com time to read: +6 min

Tanya Nestoruk and Arya Touserkani bought a retired school bus and made it their tiny home on wheels. Tanya Nestoruk and Arya TouserkaniNestoruk found the retired school bus on Facebook Marketplace. The couple bought the school bus for $7,200, according to documents reviewed by CNBC Make It. Tanya Nestoruk and Arya TouserkaniThe couple wanted to renovate the school bus outdoors, but the Canadian weather had other ideas. The couple spent roughly $30,000 and one year turning the school bus into their home.

Persons: Tanya Nestoruk, Arya Touserkani, Nestoruk, Touserkani, Arya Touserkani Nestoruk, Arya, wouldn't, There's, It's Organizations: CNBC, Facebook Locations: Canada, Mexico, Baja California

☆ Seeking nominations for top PR pros working with social-media influencers in 2024
▼ + stars: | 2024-04-02 | by ( Amanda Perelli | ) www.businessinsider.com time to read: +1 min

Business Insider is highlighting the top PR agents for social-media stars. We want to know: who are the top PR pros in the influencer industry? AdvertisementThanks to the help of her team, TikTok star Alix Earle has attended exclusive events and graced magazines like Cosmopolitan, Nylon, and Elle. She works with the agency Align PR, which also represents celebrities and influencers like podcasters Cody Ko and Noel Miller, TikTok star Remi Bader, and creator Davis Burleson. This story is available exclusively to Business Insider subscribers.

Persons: —, TikTok, Alix Earle, Elle, Earle, Cody Ko, Noel Miller, Remi Bader, Davis Burleson Organizations: Service, Business

☆ Five stocks to buy and hold for the long term, according to the pros
▼ + stars: | 2024-04-02 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +8 min

CNBC Pro asked three fund managers for their stock picks to to buy now and hold for the longer term. The average price target for PepsiCo is $186.77, according to FactSet data, giving it potential upside of 6.7%. According to Factset data, of 30 analysts, 18 give the stock a buy or overweight rating while 12 have a hold rating. According to FactSet data, of 18 analysts, 14 give the stock a buy or overweight rating, three have a hold rating and one has a sell rating. The average price target for PDD is $180.12, according to FactSet data, giving it potential upside of 54.9%.

Persons: David Dietze, PepsiCo Dietze, Dietze, Bud Light, Michael Field, Edenred, Jason Hsu, Hsu, OpenAI, Elon Musk, Sam Altman, Greg Brockman, Altman Organizations: Wealth Management, CNBC Pro, PepsiCo, Coca Cola, Anheuser, Busch, Brussels Stock Exchange, New York Stock Exchange, Euronext Paris Stock Exchange, Microsoft, Rayliant Global Advisors, OpenAI, Nasdaq Locations: Belgian, U.S, South America, Europe, Edenred, China

☆ I was a renter. Then I bought my house from my landlord.
▼ + stars: | 2024-04-02 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +10 min

About four years ago, when my landlord bought the property, I was his very first tenant. Before the pandemic, I had been in the market for quite a long time looking to buy a house. When I signed that first rental lease with my landlord in May 2020, I completely pulled myself out of the market. After being bummed about that, a few days later my landlord texted me saying, "Hey, I'm putting this house on the market. He shared with me that he bought his own place and that he was no longer going to be living in that house.

Persons: Dom Guerra, —, There's, Guerra, Selena Tovanche, — I'm, you've, It's Organizations: Service, Ohio Housing Finance Agency Locations: Cleveland, Parma , Ohio

☆ Chipotle CFO explains why the chain split its stock for the first time
▼ + stars: | 2024-04-01 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Chipotle Chief Financial Officer Jack Hartung explained why the fast-food chain decided to split its stock for the first time in its 30-year history in an interview with CNBC's Jim Cramer. Hartung said the company wanted to make shares more accessible to employees and increase liquidity for investors. "We study this every year or so, we have our bankers come in, we talk about the pros and cons of doing the split," Hartung said. Chipotle in late March proposed a 50-for-1 stock split, meaning shareholders will gain 49 shares for every one they already own. Investors care more about Chipotle's growth and results than the stock split, according to Hartung.

Persons: Jack Hartung, CNBC's Jim Cramer, Hartung, Chipotle Organizations: CNBC

☆ Germans celebrate as recreational cannabis use becomes legal
▼ + stars: | 2024-04-01 | by ( Jack Guy | ) edition.cnn.com time to read: +2 min

CNN —Crowds gathered in Germany overnight to celebrate the legalization of cannabis starting from Monday. Adults can now cultivate up to three cannabis plants for private consumption. From July 1, cannabis will be available in licensed not-for-profit clubs with no more than 500 members – all of whom would have to be adults. The German government said that cannabis would remain illegal for minors and highly restricted for young adults, adding that consuming the drug near schools and playgrounds would be illegal. The move makes Germany the third country in Europe – after Malta and Luxembourg – to legalize the drug for recreational use, removing cannabis from the official list of banned substances.

Persons: Fabian Sommer, Karl Lauterbach, it’s, – Organizations: CNN Locations: Germany, Berlin, Europe –, Malta, Luxembourg, Netherlands, Australia

☆ How the businessman who blew up MoviePass tried to create a 'TikTok killer' and cost investors millions
▼ + stars: | 2024-04-01 | by ( Ashley Rodriguez | Jason Guerrasio | ) www.businessinsider.com time to read: +22 min

At Vinco, Farnsworth employed several of the same tactics that he had at MoviePass and at his earlier ventures. "Ted took these press releases and really treated them like they were works of art for him," Matt Argall, a former advisor to Farnsworth, told BI. Hudson Bay has not been served the lawsuit as of the publication of this story. "Hudson Bay's investment in Vinco Ventures was a standard, fixed price convertible loan of which millions remain unpaid," Hudson Bay told BI in a statement. "If served, Hudson Bay will seek to have these baseless, factually flawed and frivolous claims, which have been repeatedly dismissed in other proceedings against other parties, dismissed expeditiously."

Persons: MoviePass, Ted Farnsworth, Maria Bartiromo, he'd, Farnsworth, Jaeson Ma, Ted Farnsworth playbook, Ted, Barnum, John Fichthorn, I've, Shadwrick Vick, Rudy, Vick, Roderick Vanderbilt, who's, hocking, La Toya Jackson, Helios, Matheson, Brian Quinn, Farnsworth's, Michael Hartstein, Vinco, Matt Argall, Mitch Lowe, Reuters Farnsworth, David, Goliath, TikTok, We're, Argall, Elton John, Jamie McCarthy, Lomotif, Lil Nas X, Snoop Dogg, Grimes, Zash, Allan Stern, Get2it, Stern, Robert N, Scola Jr, Scola, he's, —, Lowe, Getty, Dave Kotinsky, Stringer Vinco, expeditiously, Farnsworth —, Vanderbilt, Jesse Law, Katherine Long Organizations: Fox Business, Hollywood, Business, Zash Global Media, Entertainment, Vinco Ventures, Fox, Hudson Bay, BI, Helios, Matheson, Matheson Analytics, Boston College Law School, Palladium Capital Group, Vinco, BHP Capital, Armistice, CVI Investments, National Enquirer, Reuters, AMC Theatres, AMC, Gemini Valuation, Hudson, Eightco Holdings, Elton John AIDS Foundation, 91st, EDC, Tampa Marriott, SEC, Publishing, National Examiner, Globe, The New York Times, Southern, Southern District of, Bloomberg, Bay, Vanderbilt, Federal Bureau of Investigation Locations: Hudson, Vinco, Zash, Hudson Bay, China, Syracuse , New York, Lomotif, Syracuse, West Hollywood , California, Vegas, Tampa, Argall, Boston, India, The, Miami, MoviePass, Southern District, Southern District of Florida, New York

☆ I'm buying a house in 2024. Here's why I'm sticking with a traditional fixed-rate mortgage despite the trendier options promising to save me money.
▼ + stars: | 2024-03-31 | by ( Cork Gaines | ) www.businessinsider.com time to read: +8 min

Despite enticing alternatives, a fixed-rate mortgage remains the best option for us. With mortgage interest rates still close to 7%, alternative mortgages like adjustable-rate loans and mortgages with shorter maturities are gaining in popularity. AdvertisementThe beauty of the fixed-rate mortgage is that it offers certainty in an uncertain world. Any gain somebody might get with a lower interest rate might be offset by paying more for the house. So, we will be sticking with a fixed-rate mortgage and shopping around for the best rate.

Persons: —, Sarah Alvarez, Alvarez, Brandon Bell, Freddie Mac Organizations: Service, William, Mortgage, Business, ARM, Treasury, Street Journal, FG, National Association of Realtors Locations: Austin , Texas

☆ A new 'Corpse Paint' makeup palette is facing novel criticism: goth cultural appropriation
▼ + stars: | 2024-03-31 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +4 min

Read previewThe normies are coming for corpse paint, and the goths are pissed about it. He magically springs from the page to offer them the cosmetic kit, and voilà, they immediately transform into pale-faced, black-eyed corpse paint pros. AdvertisementIn comments on the ad posted to YouTube, a corpse paint purist complained the trendy palette would divorce the look from its black-metal roots. "My gripe is: why wasn't this sent to someone who does corpse paint?" Logically, I know this would never happen, but it would be nice for working makeup artists and the goth community to get some recognition."

Persons: —, Brittany Ludwig, Ludwig, Trisha Paytas, Reby Hardy, Hardy, Paytas Organizations: Service, Business, YouTube, e.l.f

Mortgage rates were a bit lower this month compared with February. High inflation and Federal Reserve rate hikes helped push mortgage rates up over the last couple of years. See more mortgage rates on Zillow Real Estate on ZillowMortgage Refinance Rates TodayMortgage type Average rate today This information has been provided by Zillow. See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates will affect your monthly and long-term payments. This is good news for mortgage rates — as inflation slows and the Federal Reserve is able to start cutting the federal funds rate, mortgage rates are expected to trend down as well.

Persons: Fannie Mae Organizations: Mortgage Bankers Association, Zillow, Federal Reserve, Mortgage, Association, ARM Locations: Chevron

☆ Top Wall Street analysts pick these 3 stocks for attractive returns
▼ + stars: | 2024-03-31 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +6 min

Wall Street analysts are ignoring the short-term noise and remain focused on companies that have strong fundamentals and can generate attractive returns in the long run. Bearing that in mind, here are three stocks favored by the Street's top pros, according to TipRanks, a platform that ranks analysts based on their past performance. Micron TechnologyThis week's first stock pick is memory chipmaker Micron Technology (MU), which impressed investors with its strong quarterly performance. Bolton noted that Micron's HBM3E memory solution generated revenue in the fiscal second quarter and has already sold out for calendar year 2024. He highlighted management's commentary about generating several hundred million dollars of revenue from HBM3E in fiscal 2024 and driving fiscal 2025 revenue to record highs.

Persons: Needham, Quinn Bolton, Bolton, TipRanks, LULU, Robert Drbul, Drbul, Christopher Rolland, Rolland Organizations: Wall Street, Micron, Micron Technology, MU, Bolton, Broadcom, Susquehanna, Symantec, VMware Locations: Santa Monica, United States, U.S

☆ Don't secretly work multiple jobs if you want to advance in your career, overemployed workers say
▼ + stars: | 2024-03-30 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +6 min

Some people have made as much as $500,000 a year secretly working multiple remote jobs. "There is a certain level you cannot be at to perform well on multiple jobs," Robert said. AdvertisementBut life is full of tradeoffs, and that's as true as ever for the people secretly working multiple remote jobs. Overemployment can provide workers with valuable experienceNot every overemployed worker agrees that working multiple jobs is bad for career advancement. AdvertisementAre you working multiple remote jobs at the same time and willing to provide details about your pay and schedule?

Persons: —, Robert, who've, They've, jugglers, William, John, he's, Justin, wasn't, I'm Organizations: Service, Business Locations: Florida, Texas, California

RobinhoodI decided to ask a few of my friends what investing platform they use. Since my cash is already sitting in savings accounts and CDs through the bank, I decided to check out its self-directed investing platform, Ally Invest. I decided on Ally InvestAfter spending some time testing out each platform, I decided that Ally Invest was perfect for my current needs. It allowed me to easily transfer money between my other accounts with the bank into my investment account. Plus, I was able to diversify my portfolio by investing in different securities, from mutual funds to ETFs.

Persons: Charles Schwab, Robinhood, Ally, Invest Organizations: Ally, Invest

☆ 'It saves time, it saves money, it saves stress': 3 decluttering tips from professional organizers
▼ + stars: | 2024-03-30 | by ( Ryan Ermey | ) www.cnbc.com time to read: +5 min

After all, how many times have you lost a bill in pile of papers that built up on your desk? "When people declutter and create some order in the home, it saves time, it saves money, it saves stress," says Lori Reese, a professional organizer and owner of Consider It Done in Harrisburg, Pennsylvania. Here are three tips from organizing pros to help you tackle your spring decluttering project. "The trick is to add that action to a habit, so that you're going to stick to that routine," she says. "Then the rule is when that bag or bin gets full, you just drive it to your favorite charitable organization."

Persons: Lori Reese, Mindy Godding, Godding, Gayle Goddard, Reese, Goddard Organizations: CPO Locations: Harrisburg , Pennsylvania, Richmond , Virginia, Houston , Texas

And no air fryer exemplifies this more than the Instant Vortex Plus. Instant Vortex Plus Air Fryer Oven with ClearCook The Instant Vortex Plus was the best air fryer in our tests and features a window into the basket to monitor your food. It's a pricey appliance, but the Instant Vortex Plus is the best air fryer we've tested. Another great option is our best budget air fryer pick, the Beautiful 6 Quart Touchscreen Air Fryer by Drew Barrymore. AdvertisementThe bottom lineJames Brains/InsiderBased on my testing, the Instant Vortex Plus Air Fryer is the best to cook food evenly and quickly.

Persons: I've, browning, fryer, Fryer preheats, James Brains, I'd, Fryer, Drew Barrymore, It's Organizations: Business, Shop

☆ Golf movies: From cult classics to charming comedies, what happened when the sport got the Hollywood treatment
▼ + stars: | 2024-03-29 | by ( Ben Morse | ) edition.cnn.com time to read: +9 min

The plot revolves around a high school student – played by Michael O’Keefe – and his journey to obtain a college scholarship. ‘Happy Gilmore’Arguably one of the most famous sports films of all time, ‘Happy Gilmore’ is an all-time classic. The movie tells the story of the journey of Happy Gilmore – played by Adam Sandler – from failing ice hockey player to golf phenom after discovering his natural gifts on the course. Sandler's character in 'Happy Gilmore' battles to save his grandmother's house as well as adjusting to a new sport in golf. “With ‘Happy Gilmore,’ the funny thing is that there are so many non-golfers who would know what the ‘Happy Gilmore swing’ is or they’ve watched the film,” Boulden told CNN’s Living Golf in 2021.

Persons: –, Michael O’Keefe –, Elihu Smails, Ted Knight, Al Czervik, Rodney Dangerfield, greenskeeper –, Bill Murray –, Chevy Chase, ‘ Caddyshack, ’, Kenny Loggins –, Woods, ‘ Happy Gilmore, Happy Gilmore –, Adam Sandler –, Gilmore, acclimatize, Happy Gilmore, Shooter McGavin, Sandler, Christopher McDonald, Amy Boulden, ” Boulden, it’s, they’ve, Boulden, Happy Gilmore ’, Kevin Costner, Rene Russo, ‘, Costner’s Roy ‘, McAvoy –, Molly Griswold –, Russo –, Griswold, David Simms, Costner, Don Johnson, McAvoy, Eddie Pepperell, caddie, Romeo Posar, Cheech Marin, Posar, Maurice Flitcroft –, Mark Rylance –, Maurice Flitcroft, Mark Rylance, Catana Starks, Starks, Taraji P, Henson, Jason Kempin Organizations: CNN, Bushwood Country, Smails, ESPN, CNN Sport, European, Hollywood, BBC Films, British Film Institute, Tennessee State University, National Black College, Hall of Fame Locations: Texas, British

☆ Home Depot is acquiring specialty distributor SRS for $18.25 billion in huge bet on growing pro sales
▼ + stars: | 2024-03-28 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +4 min

Home Depot on Thursday said it is acquiring SRS Distribution in an $18.25 billion deal, the latest and largest sign of its ambitions to drive sales by winning more business from contractors, roofers and other home professionals. The home improvement retailer expects the acquisition to close this fiscal year, which ends in late January. Home Depot already draws half of its business from pros, while the other half comes from do-it-yourself customers. It recently announced it will open four distribution centers that help support sales to pros. The acquisition comes after the home improvement retailer said last month that it expects slower sales trends to continue.

Persons: It's, Ted Decker, Leonard Green, Decker, he's, That's Organizations: Atlanta -, CNBC, Leonard Green & Partners, Berkshire Partners, HD Supply, Resources, Depot Locations: Atlanta, McKinney , Texas, U.S, Mexico, Canada

Search resuls for: "Pros"

25 mentions found