Omnova Solutions 2Q Earnings Up
Fairlawn, OH, June 21--Omnova Solutions Inc. said its second quarter earnings shot up to $3.6 million, or 9 cents per share, from $300,000, or a penny per share, last year.
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.
New Jersey Legislators Seek Sales Tax on Carpet In
Trenton, NJ, June 21—-Senate Democrats in New Jersey are pushing a $175 million expansion of New Jersey's 6 percent sales tax to include everything from carpet installations to gym memberships and Internet downloads, according to the Express-Times.
US Manufacturers Predict Gains from CAFTA
New York, NY, June 21--U.S. manufacturers expect higher exports from the passage of the Central American Free Trade Agreement, or CAFTA, while critics say the pact is nothing more than another way for multinational companies to ship U.S. jobs to other cou
Growth in Health Care Spending Stabilized in 2004
New York, NY, June 21--The growth rate in health care costs for privately insured Americans leveled off during 2004 but was still problematic because it outpaced the rate of inflation, according to a study released Tuesday.
Bonakemi Names Distributor of the Year
Auroroa, CO, June 21--BonaKemi USA named Pennsylvania-based Derr Flooring Company as its 2004 Distributor of the Year.
Leading Indicators Decline
New York, NY, June 20--The Conference Board reports today that the Composite Index of Leading Economic Indicators declined 0.5% in May, following no change in April, and a 0.6% decline in March.
Sears Essentials Stores Pair Retailers
Palatine, IL, June 20-- What do you get when you cross Sears with Kmart and add convenience items?
Home Depot Shares in Holding Pattern
Home Depot stock was a raging bull in the 1990s as the company grew into the planet's largest home improvement chain. A share bought for less than $2 in early 1990 was worth almost $70 by decade's end.
Steelcase Posts 1Q Profit
Grand Rapids, MI, June 20—Steelcase, Inc. posted a quarterly profit after a year-earlier loss, helped by recovering demand for office furniture in the United States.
Feltex Cuts Profit Forecast, CEO to Leave
Wellington, New Zealand, June 20--Carpet maker Feltex Carpets Ltd. said Monday that its board is making senior management changes and will conduct a "wide ranging" review of all of the company's operations, following recent "unsatisfactory" financial