Home Depot will buy SRS Distribution, a materials provider for professionals, in a deal valued at approximately $18.25 billion including debt. It is Home Depot's largest acquisition in its history and with it, it steps more aggressively into the fast growing professional builder and contactor business. Retail sales that boomed during the pandemic have faded and the company has intensified its focus on the professional market for sales. SRS provides materials for professionals like roofers, lands
NEW YORK (AP) — U.S. stocks are holding relatively steady Thursday as Wall Street coasts into the close of its latest winning month and quarter. The S&P 500 was 0.1% higher in afternoon trading after setting an all-time high the day before. It’s roared roughly 10% in this year’s first three months. The only quarter that’s been better in the last two years was the one that came just before. The Dow Jones Industrial Average was up 39 points, or 0.1%, as of 2:10 p.m. Eastern time, and the Nasdaq co
BILLINGS, Mont. (AP) — The Biden administration on Thursday restored rules to protect imperiled plants and animals that had been rolled back back under former President Donald Trump. Among the changes announced, the U.S. Fish and Wildlife Service will reinstate a decades-old regulation that mandates blanket protections for species newly classified as threatened. That means officials won't have to craft time-intensive plans to shield each individual species while protections are pending, as has b
RIO DE JANEIRO (AP) — Rio de Janeiro on Monday has declared a public health emergency because of an outbreak of mosquito-borne dengue fever, the city announced Monday, just days before Carnival celebrations kick off across Brazil. The outbreak wasn't expected to derail Carnival, which officially starts Friday evening and runs until Feb. 14, but it has prompted a slew of special measures by the city in hopes of containing the illness. Rio city hall announced the opening of 10 care centers, the cr
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