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Wal-Mart, Home Depot increase forecasts

from Bloomberg

Wal-Mart Stores Inc. and Home Depot Inc. raised their full-year forecasts after second-quarter profits beat analysts’ estimates, helped by U.S. consumers shopping for discount items and tools to repair their homes. Wal-Mart CEO Mike Duke restored thousands of products on the shelves to lure shoppers seeking lower prices as they cope with high unemployment and fuel costs. At Home Depot, consumers bought flowers and cleaning supplies following spring storms, as well as kitchen appliances and building materials. more

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