Lowe’s Cos. executives said Tuesday that they expect sales to begin rising again in fiscal 2010 as the housing market stabilizes, even as consumers have changed the way they approach home-improvement projects amid the recession.
Still, the nation’s second-largest home improvement chain 2010 earnings outlook disappointed investors and shares fell 88 cents, or 4 percent, to close at $21.07 Tuesday.
CEO Robert A. Niblock said consumers’ approach to home improvement has changed. They are spreading out time to complete a project, doing more work themselves and reducing the scope of projects.
General Motors Co. will go to 24-hour operations at factories in Kansas, Michigan and Indiana to handle an expected increase in demand and to make up for production lost from a large-scale factory consolidation announced earlier in the year.
The automaker says it will add a third shift at its Fairfax plant in Kansas City, Kan., in January. That will be followed in March or April by third shifts at factories in Delta Township, Mich., and Fort Wayne, Ind.
About 2,400 production workers will be recalled as a result of the added shifts, and another 600 will be recalled at parts factories across the country.
Eminem’s music publisher wants a bigger slice from Apple.
Eight Mile Style LLC and a co-plaintiff, Martin Affiliated LLC, are suing Apple Inc., claiming they never authorized the use of 93 songs in a downloadable format on Apple’s popular iTunes service.
The non-jury trial expected to start Thursday in the rapper’s hometown of Detroit, unless a settlement is reached Wednesday with the help of U.S. Magistrate Judge Virginia Morgan.
They are also suing Aftermath Records, which controls the recordings in question, saying it didn’t have the right to make deals on digital downloads.
The Building Industry Association of Northeastern Pennsylvania will hold its first Table Top Night from 5:30 to 8:30 p.m. on Sept. 30, at Bentley’s, Route 309, Ashley. More than 20 exhibitors will display new products and services. The event is open to members and guests. Reservations should be made today by calling 287-3331 or e-mailing firstname.lastname@example.org.