The 2020 Mid-Year Economic Update_long

Day: June 15, 2007

Report: HD Supply Final Bids Due Today

Bloomberg News has reported that two groups of private equity firms are prepared to submit final bids&nbsp ; of $10 billion&nbsp ; for Home Depot's wholesale business, HD Supply. They are: Bain Capital LLC, Carlyle Group and Clayton Dubilier & Rice Inc.; and the pairing of&nbsp ; Thomas H. Lee Partners LP and CCMP Capital Advisors LLC.

Final bids are apparently due Friday. This report is similar to that reported by MDM&nbsp ; in early March.

Clayton Dubilier & Rice is the most recognizable among the teams in the distribution world, as it most recently invested in global electrical distributor Rexel Inc., and recently

Industrial Production Unchanged in May

Industrial production was unchanged in May after a smaller revised increase of 0.4 percent in April. Output in the manufacturing sector edged up 0.1 percent in May, and mining output moved up 0.5 percent after declining 0.6 percent in April.
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At 112.7 percent of its 2002 average, overall industrial production for May was 1.6 percent above its year-earlier level. The rate of capacity utilization for total industry fell 0.2 percentage point, to 81.3 percent, a level 0.3 percentage point above its 1972-2006 average.
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Market Groups
The output of consumer goods decreased 0.2 percent in May after having risen 0.8 percent in April. The production of consumer durables edged down 0.1 percent in May, and the output of nondurables fell 0.3 percent. ...