Digital News Digest

June 12, 2017

REPORT: Lowe's suppliers congregate in renovated textile mill

A number of Lowe's suppliers are leasing space inside of a renovated textile mill in Mooresville, North Carolina -- five minutes from corporate headquarters. (Source: Charlotte Business Journal) read more
June 8, 2017

REPORT: Lowe's outsources IT jobs to India

Lowe's is making its third round of job cuts this year, laying off more than 100 information technology workers and outsourcing some of those jobs to India. (Source: Associated Press) read more
June 8, 2017

REPORT: Sears is suing another Craftsman vendor

Though Sears recently resolved a previous issue with a Craftsman supplier, the retailer is now suing another Craftsman tool vendor. (Source: Business Insider) read more
June 6, 2017

REPORT: Sears' supplier snafu is resolved

Last month, Sears filed a lawsuit againts its Craftsman supplier. Now, the conflict has apparently been resolved, but the retailer didn't offer many details. (Source: Business Insider) read more
June 1, 2017

REPORT: PPG gives up on Akzo Nobel

After a drawn-out process of mutiple rejections and raising the stakes on its bid for the Dutch paintmaker, PPG has called off its efforts to acquire the company. (Source: Reuters) read more
May 26, 2017

REPORT: Sherwin-Williams gets antitrust approval for Valspar deal

The FTC required the companies to sell Valspar’s North America Industrial Wood Coatings Business to gain approval. (Source: Reuters) read more
May 24, 2017

REPORT: Stanley Black & Decker eyeing Charlotte-area plant

Nothing's conclusive yet, but Stanley Black & Decker may be looking to build a new domestic manufacturing plant in the Carolinas. (Source: Charlotte Business Journal) read more
May 23, 2017

REPORT: Akzo shareholders head to court

Akzo's chairman has rebuffed mutliple bids by PPG to purchase the company, but a group of shareholders is ordering an investigation into possible mismanagement -- and might vote to ultimately dismiss him. (Source: Reuters) read more
May 22, 2017

REPORT: Analyst unfazed by tariffs

An industry analyst from RBC Capital Markets says the new tariffs on Canadian softwood lumber amount to a “papercut.” (Source: CNBC) read more
May 17, 2017

REPORT: Stanley Black & Decker CEO aims to double revenue in 6 years

Stanley Black & Decker CEO James Loree told investors in a conference call that he plans to double the company's revenue in the next six years. (Source: TheStreet) read more
May 16, 2017

REPORT: Sears loses patent lawsuit to LoggerHead Tools

The retailer (together with Apex Tools) has lost a $6 million patent infringement lawsuit over their production of a tool similar to the Bionic Wrench. (Source: Chicago Business Journal) read more
May 15, 2017

REPORT: Lampert has some words for Craftsman supplier

The Sears CEO published a confrontational blog post targeted at Craftsman supplier One World, whom he accused of "seeking to embarrass us in the media to force us to let them out of their contract." (Source: Chicago Business Journal) read more
May 15, 2017

REPORT: Driving home improvement on TV

What’s a good next step for a NASCAR star? How about a DIY show. (Source: USA Today)  read more
May 15, 2017

REPORT: Lowe's workers equipped with exoskeletons

No, it's not a sci-fi thriller. Lowe's employees are using exoskeletons to lift heavy objects via a pilot program at a store in Christiansburg, Virginia. (Source: Quartz) read more
May 11, 2017

REPORT: Jimmy Carter on lumber tariffs

The former U.S. President weighed on the topic of tariffs on Canadian lumber imports. He thinks Trump is right. (Source: The Hill) read more