H.B. Fuller First Quarter Profit Triples
St. Paul, MN, March 31, 2010--Specialty chemical maker H.B. Fuller Co. said its first-quarter profit tripled to $19 million or $0.38 per share on higher volumes and improved margins.
Today's Flooring News
Keep up to date with the most recent news in the flooring industry. Today's News...As it happens! We update this news several times a day so you can stay connected.
Swiss Firm Sika Acquires Panbex Group
Baar, Switzerland, March 31, 2010--Sika AG said that its Czech subsidiary, Sika CZ s.r.o., has acquired the business of the Czech Panbex Group.
Välinge Powder Technology Comes in Two Levels
Viken, Sweden, March 30, 2010--Valinge has come up with two product categories for its new powder technology, which has been developed to replace solid surface paper on wood fiber floors.
February Factory Orders Higher Than Expected
Washington, DC, March 31, 2010--Orders to U.S. factories rose for a sixth straight month in February as businesses rebuilt inventories, the Commerce Department said.
Three Armstrong Board Members Stepping Down
Lancaster, PA, March 31, 2010--Armstrong World Industries, Inc. said that three directors, Judith R. Haberkorn, James C. Melville and Edward E. Steiner, will not stand for re-election when their respective terms expire.
Topps Tiles Reports Slower Q2 Sales
London, England, March 31, 2010--British retailer Topps Tiles said that second-quarter sales fell, as consumer confidence dipped and a general election nears.
Home Prices Rise in January, Index Shows
New York, NY, March 30, 2010--U.S. home prices recorded the smallest annual decline in nearly three years in January, according to the Standard & Poor's/Case-Shiller 20-city home price index.
Consumer Confidence Reverses Higher in March
New York, NY, March 30, 2010--U.S. consumer confidence recovered in March after falling sharply in February, the Conference Board said Tuesday.
Dutch Firm DSM Unloading Melamine Business
Amsterdam, Holland, March 30, 2010--Dutch chemicals company Royal DSM NV said it will sell its fertilizer and melamine businesses to Egypt's Orascom Construction Industries for $418 million.
Commercial Loans Next Bank Trouble Spot
Washington, DC, March 30, 2010--Treasury Secretary Timothy Geithner warned that mounting losses from commercial real estate loans will continue to be a problem for smaller U.S. banks.