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Fairlawn, OH, January 27--OMNOVA Solutions reported a loss of $14.7 million, or $0.36 per diluted share, for the fourth quarter of 2004, compared to a loss of $61.3 million, or $1.53 per diluted share, during the fourth quarter of 2003.
Washington, DC, January 27—-Durable goods orders increased 0.6 percent in December, despite large declines in civilian aircraft and defense goods, the Commerce Department said Thursday.
Hoffman Estates, IL, January 28—Sears reported an 86 percent drop in fourth-quarter net earnings Thursday after shedding its profitable credit-card unit a year earlier, its results now solely dependent on sagging retail sales.
Midland, MI, January 27--Dow Chemical posted a 10 percent increase in fourth-quarter net profit on Thursday, beating expectations, as it benefited from higher prices.
New York, January 28--The Conference Board’s Help-Wanted Advertising Index – a key barometer of America's job market – increased two points in December.
Southfield, MI, January 28--Lear Corp., the maker of automotive carpet and interiors, said earnings in the latest quarter fell 7 percent from a year earlier, hurt mainly by higher raw-material prices.
New York, NY, January 27--The nation's retailers added space in the fourth quarter, pushing down vacancy rates in malls and strip malls while driving rents almost 1% higher, according to a new survey.
Charlotte, NC, January 27--Stark Carpet Corp., will open its new 30,000-square-foot Charlotte facility in February.
London, England, January 27--Iran's carpet exports have declined significantly in the past months, said a senior Persian carpet industry official on Tuesday, expressing serious concern about the downward trend, according to Iranmania.com.
Hoffman Estates, IL, January 26--Sears, Roebuck and Co. said it would not provide a 2005 profit forecast during its upcoming earnings conference call because of its impending acquisition by Kmart Holdings Corp.