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Home Depot goes Pro

“Pros want us to be a convenience store,” said J.T. Rieves, Home Depot vice president for Pro. “This time, we took what the pros want.”

What they want, Rieves said, is to spend as little time as possible at Home Depot.

“Everything is about getting you in and out fast,” he said.

Professional customers, such as contractors and builders, make up 30 percent of Home Depot’s business, but are just 3 percent of the shoppers who come through the door. While a typical shopper goes to Home Depot four times a year, pros are there five times a month.

Home Depot may have seen an opportunity to grow its business during an otherwise slow time by catering to the habits of its highest-spending customers, said research analyst Colin McGranahan with Sanford Bernstein. He said the s

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Tags: Home Depot, Pro

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Children’s Hospital gets IDOT green light for heliport

The Illinois Department of Transportation’s Division of Aeronautics announced late Friday afternoon its approval of the hospital’s 2008 application. The decision follows an extensive technical analysis and a six-day public hearing.

“After a comprehensive review, I am confident that the application submitted by Ann & Robert H. Lurie’s Children’s Hospital meets or exceeds all legal and safety requirements needed for a certificate of approval from the state of Illinois,” IDOT Director of Aviation Susan Shea said in a news release. “I want to thank the public for its contributions and comments during this thorough and exhaustive process.”

The heliport proposal has already received approval from the Federal Aviation Administration and the city of Chicago.

The hospital, a replacement of Children’s Memorial Hospital in Lincoln Park, is slated to open next year. Childre

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Tags: Hospital, Hospital Gets

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Accenture Q4 beats; forecasts strong 2012 (Reuters)

The company also increased its semi-annual cash dividend 50 percent, to 67.5 cents per share, and approved 5 billion of additional share repurchase authority.

Grand Canal Harbour, Ireland-based Accenture expects full-year earnings of 3.80-3.88 per share, above analysts’ average expectation of 3.76 per share, according to Thomson Reuters I/B/E/S.

Fourth-quarter net income was 91 cents per share, ahead of analysts expectations of 88 cents a share.

Revenue rose 23 percent to 6.7 billion, beating Wall Street’s view of 6.5 billion.

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Business Unity SA briefs Zuma on BBC

Business Unity SA (Busa) on Tuesday gave President Jacob Zuma its “own perspective” on the newly established Black Business Council (BBC).

“President Zuma appreciated the briefing as he had not had an opportunity yet to meet Busa to discuss the matter,” the presidency said in a statement.

The BBC was established earlier this month.

On Thursday, its steering committee chairperson, Patrice Motsepe, told media that the BBC was not formed to fight Busa.

It aimed “to bring together the complaints and frustrations of blacks so that within Busa they can become … a successful voice and make sure problems unique to black business and professionals are addressed in a meaningful sense,” he said.

At the meeting with the Busa leadership, including president Futhi Mtoba, Zuma told them that unity was important.

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Tags: Bbc, Business Unity, Business Unity Sa, Unity Sa

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15 most valuable new startups 2011

Many of the worlds most valuable startups havent been around for very long.

Some companies with $100 million+ valuations were founded just this year. Others have been around, but didnt receive any traction until a few months ago.

We compared this years Digital 100 list to last years and found the most valuable new additions.

Tags: New Startups, Startups

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