Tag Archives: financials

Total nonfarm payroll employment rose in June by 195,000, and the unemployment rate was unchanged from May at 7.6 percent, the U.S. Bureau of Labor Statistics reported. The number of unemployed persons, at 11.8 million, was also unchanged in June. …

Consumer confidence improved for the third straight month, according to the Conference Board Consumer Confidence Index. The Index now stands at 81.4, up from 74.3 in May, bringing it to its highest level since January 2008 (Index 87.3). “Consumers are …

Stock Building Supply Holdings Inc. filed an initial public offering (IPO), with the goal of raising up to $175 million, according to Reuters. Stock Building Supply, which is based in North Carolina and operates in 13 states, is backed by …

Michael Parr, Cascade Wholesale Hardware, left, meets with Mark Marotto, Perfect Vision, at the 2013 GMC in Atlanta. Distributors affiliated with PRO Group, Inc. and Val-Test met with manufacturers during the Group Merchandising Conference, held June 17-19 at the Embassy …

Nationwide housing starts rose 6.8 percent to a seasonally adjusted annual rate of 914,000 units in May due primarily to increased production of multi-family homes, according to released data from the U.S. Department of Housing and Urban Development and the …

Lowe’s has agreed to buy Orchard Supply Hardware for approximately $205 million on the same day Orchard Supply filed a petition for Chapter 11 bankruptcy. The purchase agreement would enable Lowe’s to expand through a new store format and reach …

May retail sales (excluding automobiles, gas stations and restaurants) increased 0.6 percent seasonally adjusted from April and increased a strong 4.8 percent unadjusted year-over-year, according to data released by the U.S. Department of Commerce. The National Retail Federation attributes the …

Orchard Supply Hardware Stores Corp., the chain spun off by Eddie Lampert’s Sears Holdings Corp. 17 months ago, is considering a bankruptcy filing as soon as next week, according to a Bloomberg News story. Orchard Supply, based in San Jose, California, said …