PRESS DIGEST - New York Times business - Aug 6

(Reuters) - * Robert Nardelli, recently ousted amid shareholder
discontent as chief executive of Home Depot Inc. , has
been picked to lead Chrysler by its new owners, Cerberus
Capital Management [CBS.UL].




* The complex design of mortgage securities is confounding
homeowners struggling to avoid defaulting on their loans.


Read more at Reuters.com Mergers News

U.S. Stock-Index Futures Fall; D.R. Horton, Sears Holdings Shares Decline

(Bloomberg) -- U.S. stock-index futures retreated
on concern the housing slump will hurt earnings after D.R.
Horton Inc. said it will report a loss and Sears Holdings Corp.
forecast its profit will fall.

D.R. Horton, the second-largest U.S. homebuilder, slid
after saying it sees no sign of a housing rebound. Sears, the
biggest U.S. department-store company, plunged after it said
earnings will trail analysts' estimates. Home Depot Inc., the
world's largest home-improvement retailer, cut its full-year
forecast.


Read more at Bloomberg Stocks News

European Stocks Fall; Berkeley, Homebuilders Drop on Home Depot Forecast

(Bloomberg) -- European stocks dropped for the first
time in three days after Home Depot Inc., the world's largest
home-improvement retailer, cut its profit forecast.

Berkeley Group Holdings Plc and Taylor Wimpey Plc led a
decline by homebuilders.


Read more at Bloomberg Stocks News

UPDATE 2-Home Depot in $10 bln deal to sell unit--sources

(Reuters) - NEW YORK, June 19 - Home Depot Inc. has
agreed to sell its supply division to three private equity
firms, sources said on Tuesday, in a roughly $10 billion deal
that unloads a business the home-improvement retailer's former
chief executive worked to expand.




Bain Capital, Carlyle Group and Clayton, Dubilier
& Rice won the auction and were finalizing the deal early on
Tuesday, sources close to the process told Reuters.


Read more at Reuters.com Mergers News

U.S. Stocks Retreat on Inflation Concern; Borders, Panera Shares Decline

(Bloomberg) -- U.S. stocks fell for a second day,
pushing the Standard & Poor's 500 Index to its biggest two-day
drop since March, on concern that inflation is accelerating.

Home Depot Inc., the largest home-improvement retailer, led
the Dow Jones Industrial Average lower. Panera Bread Co. declined
the most in six years after the bakery chain cut its forecast for
profit and sales due to higher fuel costs.


Read more at Bloomberg Stocks News