Content about The Wall Street Journal

September 4, 2012

Daikin Industries,  a small presence in the U.S. air-conditioning market, has purchased Goodman Global for $3.7 billion, putting the Japanese firm just ahead of Carrier in the global HVAC business, according to an article in the Wall Street Journal.

Daikin is buying Goodman from a private equity firm named Hellman & Friedman, which paid $2.7 billion, plus the assumption of debt, to take the company private in 2007, the newspaper reported.

August 15, 2012

Wells Fargo is opening a new division that will focus on lending to regional and mid-sized builders, according to an Aug. 15 article in the Wall Street Journal. The loans are expected to finance small projects ($10 to $15 million) up to large corporate loans that can surpass hundreds of millions of dollars.

June 13, 2012

Stanley Black & Decker, the tools giant that made a splash with a blockbuster merger two years ago, is now attempting to sell a unit of its tool empire, according to an article in the Wall Street Journal.

The unit on the block includes Baldwin, Price Pfister and Kwikset brands, making builders hardware, door locks, bath fixtures and other home products. 

January 16, 2012

Transcripts unsealed from a May 2006 meeting of the Federal Reserve indicate some concern about the housing bubble and the use of “exotic” mortgages by home buyers, according to a Jan. 13 article in the Wall Street Journal. But Fed Chairman Ben Bernanke described the slowdown of the housing market “a healthy thing” and an “orderly decline” that posed little threat to the U.S. economy.

December 13, 2011

After a failed attempt at a merger, Martin Marietta Materials has launched a hostile $4.8 billion offer for its rival Vulcan Materials Co., according to the Wall Street Journal. The deal combines the two largest suppliers of construction aggregates -- one of the chief ingredients of concrete -- in the nation.

September 19, 2011

A probe of the hiring and wage practices of some of the nation’s largest home builders has widened to include the Internal Revenue Services and labor officials from nearly a dozen states, according to an article in the Wall Street Journal. 

September 15, 2011

Sears Holdings is looking for other retail outlets to sell its Kenmore-branded appliances, the Wall Street Journal reported. According to a LinkedIn job posting, Sears is searching for a chief marketing officer for its appliance line who will promote appliance purchases through “external groups” such as Costco. 

September 9, 2011

The federal government has begun an in-depth investigation of possible wage infractions in the residential construction industry, according to an article in the Wall Street Journal. 

August 31, 2011

Home-building businesses may be at risk for consolidation if home sales don’t pick up soon, according to an analysis by the Wall Street Journal.

June 27, 2011

An analysis published by the Wall Street Journal showed that the nation’s 10 largest mortgage lenders denied 26.8% of loan applications in 2010, an increase from 23.5% in 2009. 

June 15, 2011

Scotts Miracle-Gro, its sales hurting from the pullback in big-box expansion, is looking into new sources of revenues for its lawn and garden products. One of them, according to CEO Jim Hagedorn, is medical marijuana. 

“I want to target the pot market,” Hagedorn told the Wall Street Journal in an interview published June 14. “There’s no good reason we haven’t.”

May 18, 2011

The European Commission has launched an antitrust investigation of the world’s largest shipping lines over possible price fixing, according to an article in the Wall Street Journal. 

April 11, 2011

In an effort to recapture lost customers, Walmart will launch a promotional “It’s Back” merchandise campaign next month, according to an article in the Wall Street Journal

March 30, 2011

Canadian economists have expressed concerns about a correction in the housing market north of the U.S. border, where record borrowing, low interest rates and eager home buyers have created a building boom over the last several years.

March 11, 2011

In what could be called a sign of recovery, some long-dormant commercial and multi-family projects have kicked back into gear thanks to an infusion of new lending, according to an article in the Wall Street Journal.

Some of the largest U.S. banks are slowly wading into commercial lending, including J.P Morgan Chase & Co., which has financed as much construction in the first six weeks of 2011 as it did in all of last year.

February 24, 2011

The National Association of Realtors (NAR) is re-examining its existing-home sales estimates after questions have been raised about how it derives its numbers, according to an article in the Wall Street Journal. NAR may have overstated the number of homes sold going back to 2007, the article said.

October 5, 2010

International Garden Products, the parent company of Weeks Wholesale Rose Grower and Iseli Nursery Inc.,...

October 13, 2008

Employee-owned Jackson's Hardware in San Rafael, Calif., is one of the 15 best small workplaces...

May 14, 2008

The company reportedly has hired Goldman Sachs to explore options that include a spinoff or...

February 26, 2008

Tina Settecase, vp-Kenmore appliances; and Greg Inwood, vp-Craftsman tools, hardware and paint, have retired from...

January 6, 2008

Bentonville, Ark.-based Wal-Mart has lost its case in North Carolina to recoup more than $30...

October 2, 2007

Class action suit says the retailer’s Web site is not accessible to the blind....