Home Depot Inc. posted fourth- quarter profit that topped analysts’ estimates as shoppers spent more on projects and Hurricane Sandy repairs. The company also raised its dividend and approved a $17 billion share buyback.
Investors buying foreclosed U.S. homes might have less than two years to accumulate properties as competition and rising prices shrink the pool of cheap assets, according to Blackstone Group LP, the largest buyer.
Goldman Sachs Group Inc. Chief Executive Officer Lloyd Blankfein joins 13 other corporate executives at the White House tomorrow as President Barack Obama courts their support for his plan to raise revenue and cut spending to avert the so-called fiscal cliff.
Corporate leaders pressing for a solution to the so-called fiscal cliff are making their case at the White House and the Capitol a day after Senate Majority Leader Harry Reid lamented the lack of progress toward a deal.