Terex Corp., a U.S. maker of construction equipment, said it may cut its stake in a “struggling” Chinese truck-crane joint venture or look for alternative partners after sales were lower than expected.
U.S. retailers expecting to ring up sales in the days after Christmas may have to intensify discounts after a snowstorm slammed the East Coast yesterday, disrupting one of the busiest shopping days of the year.
Warren Buffett ’s Berkshire Hathaway Inc. sold stakes in Home Depot Inc. and CarMax Inc. and cut its holding of Nike Inc. as the billionaire replaced a retiring investment manager and built the company’s cash holdings.
Home Depot Inc. , the largest U.S. home-improvement retailer, returned to the corporate bond market for the second time in less than seven months to rebuild its cash stockpile and finance share buybacks.
Americans are delaying renovations to kitchens and bathrooms, curbing sales at Home Depot Inc. and Lowe’s Cos. and underscoring Federal Reserve Chairman Ben S. Bernanke ’s concerns the recovery is “disappointingly slow.”