Business News

Mixed retail earnings reports

Home Depot reported quarterly profits rose to $1.47 billion from $1.38 billion a year earlier. Sales rose to $20.98 billion. The company raised its quarterly dividend by 17% and announced a $5 billion share buyback plan. Same-store sales, rose 8.9% in the United States. Home Depot benefited from rising home prices, combined with job, wage and credit growth. (Reuters)
Mentor Graphics will buy out half of Carl Icahn’s remaining stake in the company. Mentor will pay Icahn $146 million for 8 million shares, 7% of all Mentor's stock. Icahn still has another 8 million shares. In 2011, Icahn sought to take over the Company. Mentor makes electronic design automation software that helps engineers design computer chips, airplanes, cars and other products. It employs 1,000 persons in Wilsonville. (OregonLive)
Macy's reported quarterly profits of $544 million. The department store posted sales of $8.87 billion. Macy's expects full-year earnings in the range of $3.54 to $3.59 per share. (AP)
Burger King becomes the biggest restaurant seller of hot dogs in the country today. The fast-food chain best known the Whopper is adding a $1.99 classic grilled dog and a $2.29 chili cheese dog. (USA Today)

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