Hovnanian Posts 1Q Loss
Red Bank, NJ, March 9, 2007--As expected, Hovnanian Enterprises Inc. after Thursday's closing bell said it swung to a quarterly loss after charges as home builders wrestle with a slumping market for residential housing.
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NAHB: Rental Market Conditions Improve
Washington, DC, March 9, 2007--The rental apartment market shows signs of rebounding following the condo construction and conversion exuberance of recent years.
Foamex Announces Reverse Stock Split
Linwood, PA, March 8, 2007--Foamex International said that holders of a majority of the Company's common stock have consented to amendments a reverse stock split of its common stock at a split ratio of one-for-four.
Mohawk Driver Wins Half of $390M Jackpot
Dalton, GA, March 8, 2007--When Ed Nabors, a truck driver at Mohawk Industries, discovered that he had won half of the largest lottery jackpot in U.S. history, he sat stunned in his rig.
Retailers Post Disappointing February Sales
New York, NY, March 8, 2007--The nation's retailers had a slow start to the spring season as unseasonably cold weather in February chilled demand.
Internet Ad Revenue Up 34% 2006
New York, NY, March 8, 2007--The Interactive Advertising Bureau (IAB) and PricewaterhouseCoopers (PwC) today announced that Internet advertising revenues for 2006 are estimated at $16.8 billion, a 34 percent increase over the previous revenue record.
Mohawk Part of Komen Million Dollar Council
Dalton, GA, March 8, 2007--Mohawk Industries has raised more than $1.3 million for the fight against breast cancer in the last six years.
Costco's 2Q Earnings Off 16%
Issaquah, WA, March 8, 2007--Costco Wholesale posted a 16% drop in second-quarter profit, hurt by rising costs and charges.
CEOs: Economy in Stable Growth Position
Washington, DC, March 8, 2007--Business Roundtable's first quarter 2007 CEO Economic Outlook Survey shows that leaders of America's top companies continue to see the U.S. economy in a stable growth position.
Green Homebuilding Slowed by Costs
New York, NY, March 8, 2007--Green building as a cause has united disparate parties, from environmental groups to big business to policymakers, but one key industry has struggled to react to the change in public sentiment.