Home Depot Is Giving Staff $1,000 Bonuses

Home Depot is giving its U.S. employees a one-time cash bonus of up to $1,000 for hourly sales associates as the home improvement store chain takes advantage of changes in the U.S. tax code. The company expects to incur a net tax expense of about $150 million in the fourth quarter, related to offshore earnings. The company said it will revise its 2017 diluted earnings per share guidance lower by about 19 cents to reflect cash bonuses and the charge.