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Lowe's is slimming down to better compete with Home Depot.The company, which recently hired Marvin Ellison away from JCPenney to be its CEO, said it is shutting down its Orchard Supply Hardware stores and plans to slash inventory at its Lowes stores.The home improvement retailer did report earnings that topped forecasts on Wednesday, thanks to a healthy housing market. Shares surged more than 7 percent in early trading on the news.But Lowe's cut its sales and profit outlook for the year.The retailer is playing catch-up to industry leader Home Depot, which just last week reported strong results. 614

Michael, now a Category 1 hurricane slashing Cuba, is forecast to be a "dangerous major hurricane" when it smacks the US Gulf Coast on Wednesday, the National Hurricane Center said.The forecast indicates Michael may be a Category 3 hurricane -- with winds from 111 to 129 mph -- when it strikes."Life-threatening storm surge is possible along portions of the Florida Gulf Coast regardless of the storm's exact track or intensity," the center said. "Well-built framed homes may incur major damage or removal of roof decking and gable ends. Many trees will be snapped or uprooted, blocking numerous roads. Electricity and water will be unavailable for several days to weeks after the storm passes."Floridians scurried to prepare after Gov. Rick Scott declared a state of emergency for 26 counties and activated 1,250 National Guardsmen for hurricane duty."Heavy rainfall from Michael could produce life-threatening flash flooding from the Florida Panhandle and Big Bend region into portions of the Carolinas through Thursday," the hurricane center said.Michael has undergone a period of "rapid Intensification" -- defined as an increase of sustained winds of 35 mph in a 24-hour period. The storm went from 40 mph on Sunday to 75 mph on Monday and is expected to undergo rapid intensification again in the next 24 hours.The storm now has maximum sustained winds of 85 mph. A Category 1 hurricane has sustained winds of 74 to 95 mph.Monday night, Michael's center was about 60 miles north-northwest of the western tip of Cuba, with the storm moving northward at 12 miles per hour. Hurricane-force winds extended outward up to 30 miles from the center and tropical-storm-force winds extended outward up to 175 miles.Track the stormThe storm is aiming at a region that stretches from Mobile, Alabama, through the Florida Panhandle and into the Big Bend area of northern Florida.A hurricane warning from the National Weather Service was declared for the Alabama-Florida border to the Suwannee River in Florida. A warning means that hurricane conditions are expected somewhere within the designated area, and warnings are typically issued 36 hours before tropical-storm-force winds are expected, the weather service said.Storm and storm surge watches were issued for the Gulf Coast from the Mississippi-Alabama border to Chassahowitzka, Florida, north of Tampa Bay.As forecast, Michael would be the first Category 3 or higher hurricane to hit the Panhandle since Hurricane Dennis in 2005. Monday, it became the seventh hurricane of 2018 in the Atlantic Basin. On average, the Atlantic would have about five hurricanes by October 8. 2632

Manufactured homes are making a comeback. Bloomberg reports since 2009, the homes have been on the rise. Many home buyers are turning to manufactured homes, because they are more affordable.Features that make them appealing to home buyers, include open floor plans, spacious kitchens and big bedrooms and bathrooms. “A lot of people are surprised when they come into our homes for the first time," says Phillip Dickson, with Clayton Homes. "It’s not what they are expecting.”However, there are a few things, aesthetically, that are different. There is a marriage line down the center of a manufactured home. When it’s assembled, it comes in two pieces. In recent years, Dickson says he’s seen an uptick in purchases. He says people are needing affordable housing in this competitive market. According to the National Association of Realtors, an average American home cost about 8,000. A starting price for a manufactured home, with no add-ons, can cost just ,000.When it comes to a manufactured home, there are many housing experts that say factory-built homes depreciate in value. However, Dickson says whether your home is manufactured or not, if you live in a great location, the value of your home will go up. Despite the value of a manufactured home, there are many buyers worried more about the home’s quality. But Dickson says the same requirements put in place for a site build home are still required for manufactured homes. Dickson hopes to break the stigma of how people view a manufactured home. He says if you’re looking to buy a home that you can customize, place where you want and keep it under budget, then a manufactured home might be your best choice.  1760

Michael Cohen, President Donald Trump's personal attorney, is "under criminal investigation," the Justice Department said Friday.In response to Cohen's motion to restrain the evidence collected in Monday's raids of his home and office, the US attorney in New York asserted the raids were authorized by a federal judge to seek evidence of conduct "for which Cohen is under criminal investigation."The filing redacts what Cohen is under investigation for.The filing contains the first details released by the Justice Department on the searches, which covered Cohen's residence, hotel room, office, safety deposit boxes and electronic devices. 648

MEXICO CITY (AP) — Demonstrators in Mexico have burned government vehicles, blocked railway tracks and set fire to a government office and highway tollbooths to protest water payments to the United States. Mexico has fallen behind in the amount of water it must send north under a 1944 treaty, but farmers in the northern state of Chihuahua are angry because they want the water for their own crops. President Andrés Manuel López Obrador said Thursday that the protests were being fanned by opposition politicians for their own motives. He said there was enough water to comply with the treaty and support local crops. 626