GPB News Archive

GPB's News site has MOVED!

Check out our completely redesigned webpage at

http://www.gpb.org/news

for the latest in local and statewide Georgia news!

Search This Blog

Blog Archive:

Friday, August 24, 2007

Home Depot could cut selling price

In Georgia business news, Home Depot is reportedly open to cutting the selling price of its wholesale distribution business. The Atlanta-based home improvement chain held talks today with a group of private equity firms. An unidentified source close to the discussions says Home Depot is considering cutting the selling price of HD Supply from 10.3 billion to 1 billion. Last week, as Home Depot reported a 15 percent drop in second-quarter profit.

GPB News Team: