Sale of Home Depot unit hit by credit

Sale of Home Depot unit hit by credit crisis The Independent - Home Depot, America's biggest DIY chain, has been forced to accept $2bn ( 1bn) less from the sale of its wholesale distribution division, as the effects of the credit crisis continue to ripple through the financial system. The sale to a private Source: news.independent.co.uk Home Depot forced into $2bn price cut in private equity deal Times Online - Home Depot has cut nearly $2 billion ( 1 billion) from the agreed sale price of its building supplies unit after the acquiring consortium threatened to walk away from the deal, in a landmark development that is likely to spur the renegotiation of Source: www.timesonline.co.uk Tokyo shares outlook - Lower after Wall St retreats on weak home sales Forbes - economy. The National Association of Realtors reported Monday that existing home sales in the US slipped by 0.2 percent in July to a seasonally adjusted annual rate of 5.75 million units, their most sluggish pace in nearly five years, while home Source: www.forbes.com KB Home, Centex and home remedies for gout Unisys weigh down S&P 500 CNBC - NEW YORK - KB Home was among the stocks dragging the Standard & Poor's 500 Index lower on Monday. Homebuilders declined sharply, after new data showed the number of unsold homes on the market increased. KB Home lost $1.79, or 5.6 percent, to $30.19 Source: www.cnbc.com