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Co-founder of Home Depot provides funding for injured vets

BY HBSDEALER Staff

Bernie Marcus, co-founder of Home Depot, has helped launch a new program in Atlanta to help wounded veterans not covered by government insurance, according to news reports.

Atlanta’s Shepherd Center, a spinal and brain injury rehabilitation center, will offer subsidized long-term treatment for soldiers with spinal cord and brain injuries. Marcus has offered to underwrite the costs for care, transportation and housing for members of the military affected by brain and spinal injuries who are approved for treatment.

In a press conference yesterday, Marcus told reporters, “These people are putting their lives on the line every day, and they deserve the best treatment possible.”

According to the Atlanta Journal Constitution, Marcus first got involved with the hospital in January after he heard of a soldier who was treated at the Shepherd Center and was improving, but faced the loss of funding.

Marcus will act as a benefactor for wounded service members to help pay for necessary medical rehabilitation, post-acute rehabilitation and community and family support services administered at Shepherd Center that may fall outside of their coverage under TRICARE, the health benefits plan for military service members and their dependents. The program also targets military service members who live in rural areas and have limited access to the specialized services they may require.

The initiative will also include entry to Shepherd Center’s Marcus Community Bridge Program, which was launched by Shepherd Center in 1999, and funded by an $18 million grant from Marcus. The program provides Shepherd Center case managers who help individuals or their families by assessing their needs and providing educational information.

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KB Home to pull out of certain U.S. markets

BY HBSDEALER Staff

Los Angeles-based home builder KB Home will be pulling out of Albuquerque, Chicago and the mid-Atlantic markets, according to a report by the Associated Press.

The company said that current conditions in the housing market are too difficult and has decided not to build any homes in those areas for now.

AKB Home spokesperson told the AP that the pullout would be gradual, as the company plans to complete its current projects and will still honor warranties on homes it has already built.

The company reported a net loss of $929 million for 2007 with revenues of $6.4 billion, down 31.6 percent from 2006.

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Candleholders recalled at Pier 1

BY HBSDEALER Staff

Pier 1 Imports has announced a voluntary recall of some candleholders that have been said to cause a fire hazard, according to the Consumer Product Safety Commission.

According to the Commission, the candleholders can heat up and cause the tealights to burn unexpectedly fast and with a higher flame height than normal, posing a fire hazard. The items were manufactured in China.

Fort Worth, Texas-based Pier 1 Imports has received seven reports of high flames. No injuries have been reported.

About 18,000 units were sold at Pier 1 Imports stores nationwide from June 2007 through December 2007 for $6 to $25.

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