Gas prices have dropped by about $0.10 this week according to a national survey quoted by CNN Money.
good news
Home Depot To Sell Business Supply Division, Focus On Retail
Home Depot has agreed to sell its Home Depot Supply Unit to three private equity firms — Bain Capital, the Carlyle Group and Clayton Dubilier & Rice for $10.3 billion, the buyers announced this afternoon, confirming a report by DealBook.
Yay! Home Depot’s troubled supply division has long been fingered as the cause of their notoriously crappy customer service. One can only assume that resources once diverted to the business supply division can now be refocused on consumers. Let’s hope that’s how it goes. —MEGHANN MARCO
Citigroup Stops Using Universal Default
Citigroup announced it will stop using the “Universal Default” clause for credit card borrowers, which should come as a surprising piece of good news for consumers.