Higher prices push up Sherwin-Williams 3Q net
News from CanadianBusiness.com:

CLEVELAND (AP) — The Sherwin-Williams Co. said Tuesday its net income rose 3 percent, helped by price increases to offset the paint maker and retailer’s higher costs.

The Cleveland-based company’s earnings and revenue beat expectations. Its stock rose nearly 3 percent in late-day trading.

Consumers cut back on major home renovations during the recession, a trend that has continued post-recession as homeowners grapple with the uncertain economy. But paint sales have remained strong, because painting a room remains a relatively inexpensive home-improvement project.

Still, paint makers are dealing with higher raw material costs. Sherwin-William, whose brands include Dutch Boy, Minwax and its namesake, said price increases in most of its categories helped offset those costs.

Net income rose 3 percent to $ 179.9 million, or $ 1.71 per share, from $ 175.3 million, or $ 1.60 per share. Analysts expected $ 1.69 per share, according to FactSet.

Revenue rose 14 p…………… continues on CanadianBusiness.com
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Sting operation catches 19 people contracting without a license in Butte County
News from Enterprise-Record:
OROVILLE — Bidding home-improvement projects costing more than $ 500 without a contracting license resulted in 19 people getting citations to appear in court next month.

They were caught in Butte County during a sting operation conducted Oct. 12 and 13 by the California State License Board’s Statewide Investigative Fraud Team, or SWIFT, and the Butte County District Attorney’s Office.

The License Board held contractor stings in eight cities, catching 113 people statewide in violation of state home-improvement projects restrictions.

The projects included landscaping, tree trimming, painting, tiling and cabinetry.

District Attorney Mike Ramsey said the local sting was held at a house in Kelly Ridge, east of Oroville.

State investigators checked local bulletin boards, some free newspapers and craigslist for people advertising to do contracting work, Ramsey said.

The investigators called the people with the ads and had them go to the house in Kelly Rid…………… continues on Enterprise-Record
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