Omnova Posts 3Q Profit
Fairlawn, OH, September 20, 2005--Omnova Solutions Inc. posted a profit in the third quarter profit on a 2 percent jump in sales, but the company still fell short of analyst’s estimates.
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Lehman Bros. Initiates Coverage on Mohawk
New York, NY, September 20, 2005--- Lehman Brothers analyst Steven A. Fockens initiated coverage of Mohawk Industries with an "equal-weight" rating. The target price was set at $89.
Report: Domo to Pull out of Chemicals, Focus on Ca
Ghent, Belgium, September 20, 2005-—According to a report in Chemical Week, Domo is planning to pull out of the chemical business to focus on the production of carpets.
Turner Construction Praised in Greening the School
New York, N.Y., September 19, 2005 -- Turner Construction Company, the nation's leading general builder, received an accolade this weekend from former President Clinton at the Clinton Global Initiative Conference, held in New York City.
AIA Responds to Hurricane Katrina
Washington, D.C., September 20, 2005--As part of its on-going response to Hurricane Katrina, The American Institute of Architects (AIA) has established a number of initiatives to help architects affected by this disaster.
Housing Starts Drop 1.3% in August
Washington, DC, September 20, 2005—Housing starts were off 1.3% in August to a seasonally adjusted annual rate of 2.009 million units, according to the Commerce Department.
Leggett & Platt Lowers 3Q and Full Year Guidance
Carthage, MO, September 20, 2005--Leggett & Platt said its third quarter earnings are expected to be within the range of $0.30 to $0.35 per share, significantly lower than the $0.42 to $0.47 per share guidance issued in July.
Retailers Help Katrina Victims
Pound Ridge, NY, September 19, 2005 -- When Mary Haynes of the Cheyenne, Wyoming retailer Carpet Works of Cheyenne saw the devastation that Katrina caused, she and her husband T.J. Decided to do something to help.
Valinge Demands Licensing Agreement with Barlinek
Viken, Sweden, September 19, 2005 -— It was reported by the Warsaw Business Journal that Valinge is demanding that floorboard producer Barlinek purchases a license for a glueless system of linking wooden flooring panels, while Barlinek argues that these c
Steelcase 2Q Earnings Up, Miss Estimates
Grand Rapids, MI, September 19, 2005 -- Steelcase reported quarterly profit that rose as price increases and sales growth helped to offset restructuring costs.