Durable Goods Orders Up 1.3%
Washington, DC, January 26, 2006—Orders for durable goods rose 1.3% in December, despite a large decline in aircraft orders, according to the Commerce Department.
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Weekly Jobless Claims Rise 11,000
Washington, DC, January 26, 2006--First-time claims unemployment benefits rose 11,000 to a seasonally adjusted 283,000 in the week ended Jan. 21, the Labor Department said Thursday.
Foamex Adjourns Hearing on Disclosure Statement
Linwood, PA, January 26, 2006--Foamex International Inc., said today that it adjourned the hearing to consider approval of the Disclosure Statement, originally scheduled for January 26, 2006, to February 13, 2006.
Bed Bath & Beyond Board OKs Buyback Boost
Union, NJ, January 26, 2006--Bed Bath & Beyond Inc., said Wednesday that its board has approved a $200 million increase to its previously announced $400 million stock buyback program.
Marazzi Readying for IPO
Sassuolo, Italy, January 26, 2006--Italian ceramics group Marazzi is preparing to list on the Milan stock exchange.
Federated Projects 1Q Loss
Cincinnati, OH, January 26, 2006--Federated Department Stores said it expects to post a loss in the fiscal first quarter amid weaker sales in existing stores.
Mohawk Rug Display Maximizes Use of Small Space
Sugar Valley, GA, January 26, 2006--Forty rugs in less than 20 square feet is reportedly the advantage that the new Mohawk Select area-rug display offers.
Federated to Invest in Online Sales
Cincinnati, OH, January 26, 2006--Federated Department Stores announced it plans to invest some $130 million over the next two years in infrastructure improvements and service enhancements to support continued growth of its direct-to-consumer businesses.
Sherwin-Williams 4Q Earnings Off
Cleveland, OH, January 26--Sherwin-Williams in the fourth quarter reported earnings that were off to $75.1 million or $0.54 a share, compared with $82.5 million, or $0.57 a share in the year-ago period.
NLPC Decries Politicizing Asbestos
Washington, DC, January 26, 2006--The National Legal and Policy Center (NLPC) today sent an open letter to the United States Senate condemning an unnamed Democratic Party aide for comments in yesterday's Roll Call article.