Home Depot donates $50 million to train construction workers


The markets retreated to trade lower during the midday with the Dow dropping 75 points to 24,725. Nasdaq held steady at 7396.

Home Depot announced plans to donate $50 million to the Home Builders Institute to train construction workers over the next ten years. The funding will specifically target military veterans, high school students and disadvantaged youth. The Home Builders Institute currently prepares approximately 3,500 people each year for skilled jobs such as plumbers, electricians, and carpenters.

Hyundai will be recalling 154,753 model year 2011 Sonatas that are installed with air bags that may not inflate in the event of an accident. A short circuit in the the airbag control unit may prevent seat belts from tightening and both front and side airbags from deploying. The carmaker is still developing a remedy for the problem.

Merrill Lynch has agreed to pay a $1.25 million penalty to settle with the Securities and Exchange Commission. The regulatory agency had accused the bank of failing to properly prevent unregistered sales of a company's stock on behalf of a China-based issuer. Merrill Lynch has admitted to no wrongdoing as part of the settlement.

In the broad market, declining issues outpaced advancers by a margin of nearly 6 to 5 on both the NYSE and on Nasdaq. The broader S&P 500 eased a point to 2,725. Bitcoin plummeted $516 to $9,413.

About this Entry

This page contains a single entry by published on March 8, 2018 10:44 AM.

Higher open on tariff flexibility was the previous entry in this blog.

Tariffs exempt Canada and Mexico, markets close higher is the next entry in this blog.

Find recent content on the main index or look in the archives to find all content.

Powered by Movable Type 5.12