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Home Depot & Lowe’s Shares Priced To Perfection – Yahoo News

Guatemalan ex-president returns home after release from U.S. prison – Yahoo News

Lowes up around 29, Home Depot up around 25, these are above their five to eight year highs. Eurphoria for the shares is not without merit Drogan says, especially as the job market improves and with the 50% drop in oil prices since last year. With the decline in oil prices there is a lot more money, retail sales, ex-energy have gone up pretty well. In early February, Home Depot announced plans to hire 80,000 workers to accommodate the spring season which is the busiest selling season for the retailer. Related: The Home Depot Preps for Spring with 80,000 New Hires Investor optimism for the stocks is not necessarily being confirmed by recent housing data points. On Monday, existing-home sales in January fell to the lowest level in nine months according to the National Association of Realtors. Home sales dipped 4.9% to a seasonally adjusted annual rate of 4.82 million, below economist forecasts. This followed a report last week by the Commerce Department which reported nationwide housing starts fell 2% to a seasonally adjusted annual rate of 1.065 million units in January. Overall permit issuance was down 0.7 percent in January to a rate of 1.053 million. Despite the weaker numbers, The National Association of Home Builders Chief Economist David Crowe is predicting a pick-up.
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prison 12 hours ago . View photo Supporters of former Guatemalan President Alfonso Portillo pray during a mass in the San Agustin church (Reuters) – Former President Alfonso Portillo returned to Guatemala on Wednesday following his release from a U.S. prison, nearly six-years after his arrest on money laundering charges. The 63-year-old, who served as president from 2000 to 2004, struck a repentant note on his arrival at Guatemala City’s international airport, and expressed interest in becoming politically active once more. “I return as the prodigal son who made a mistake and I recognize it,” Portillo said. “My dream is to create a democratic front with various sectors and make a proposal to the country.” Portillo was sentenced to five years and 10 months in prison by a New York court last May, for taking $2.5 million in bribes from Taiwan and laundering funds through U.S.
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