Centex 3Q Earnings Up 28%
Dallas, Texas, January 26--Homebuilder Centex Corp. reported earnings in the third quarter that rose 28% to $253.8 million, or $1.91 a share, up from $198.7 million, or $1.52 a share, a year earlier.
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.
Sears Will Not Provide Forecasts in 2005
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.
Judge Approves Armstrong Naming New CFO
Lancaster, PA, Jan. 25--A federal bankruptcy judge has allowed Armstrong World Industries to hire a new chief financial officer for more than $800,000.
Solutia Dropping Acrylics Business
St. Louis, MO, January 26--Citing fierce competition overseas, Solutia said it will close its acrylic fibers business, cutting in half, to 250 people, its work force at an Alabama factory as the company presses to emerge from bankruptcy.
Consumer Confidence Index Edges Up in January
New York, NY, January 26--The Conference Board's Consumer Confidence Index, which had improved in December, edged up in January. The Index now stands at 103.4 (1985=100), up from 102.7 in December.
Commerce's Frink Seeks to Cut Regulations to A
Washington, DC, January 25--Al Frink, President George W. Bush's ``manufacturing czar,'' will recommend the government scale back or eliminate environmental, workplace and other regulations to boost the competitiveness of factory owners.
Sherwin-Williams Sees 2005 Meeting Views
Cleveland, OH, January 25—-Paintmaker and retailer Sherwin-Williams Co. said Monday that it forecast full-year earnings in line with current Wall Street expectations.
Canadian Retail Sales Flat in November
Ottawa, Quebec, January 24-—Retail sales in Canada remained essentially unchanged in November (-0.1%) at $29.5 billion, as declines in half of all retail sectors offset gains in the other half.
Salt Lake City Salvage Firm Succeeds in Recycling
Salt Lake City, Utah, January 25--Metro Waste: The company is able to salvage about 55 percent of what comes in from projects such as the Capitol renovation
Porcelanosa Forms New Subsidiary
Villarreal, Spain, January 24--Spanish ceramic floor and wall tile manufacturer Porcelanosa is setting up a new subsidiary which will specialize in the production of bottom-of-the-range red-paste tiles.