Hovnanian's Monthly Contracts Rise 61.5%
Red Bank, NJ, October 5, 2005—Homebuilder Hovnanian's preliminary net contracts rose 61.5% in September compared to last year, the homebuilder said Wednesday.
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.
ISM Non-Manufacturing Index Falls in September
Tempe AZ, October 5, 2005--Growth at service companies slowed more than expected in September as Hurricanes Katrina and Rita shut down businesses along the Gulf Coast and drove up energy prices to records.
Kmart Names Sr. VP for Kmart Stores and EVP, Restr
Hoffman Estates, IL, October 5, 2005--Kmart Holding, a wholly-owned subsidiary of Sears Holdings has named Donald J. Germano, as senior vice president and general manager for Kmart's more than 1,400 stores.
RAK Ceramics in JV with Italian Firm
Abu Dhabi, United Arab Emirates, October 4, 2005 -- Ras Al Khaimah Ceramics has joined forces with an Italian company to form a joint venture company, Chemica.
Rug Expert Richard Walker Dies at 65
Pittsburgh, PA, October 4, 2005 -- Richard T. Walker, 65, owner of Walker Rugs in Mt. Lebanon, Pennsylvania, has died.
Manufacturing Expands in September
Tempe, AZ, October 4, 2005 -- Manufacturing activity was surprisingly robust in September as new orders jumped in the aftermath of Hurricane Katrina, while August construction spending rose at a record rate, data released on Monday showed.
R.C. Willey to Open California Distribution Center
Roseville, CA, October 3, 2005--R.C. Willey and the City of Roseville announced that R.C. Willey Home Furnishings has signed a lease to occupy 495,185 square feet at 10000 Allantown Drive in Roseville, California.
Reinhart Resigns as Dow CFO
Midland, MI, October 4, 2005 -- Dow Chemical Co. chief financial officer J. Pedro Reinhard resigned effective October 1, the company said in a filing with the Securities and Exchange Commission on Monday.
Wal-Mart Rotates International and U.S. Execs
Bentonville, AR, October 3, 2005--Wal-Mart said on Friday that the heads of its U.S. and international operations would switch roles as the world's biggest retailer struggles to boost sluggish sales growth at home and abroad.
Feltex Hopes Restructuring Will Increase Earnings
Wellington, New Zealand, October 3, 2005--Feltex has asked its shareholders to hang in there regarding details on the extent of its restructuring, which is expected to improve profitability. Details will be unveiled in two weeks.