Home Depot 2Q EPS Up 25%, Beat Estimates
Atlanta, GA, August 17--Home Depot reported record second quarter net earnings of $1.5 billion, $0.70 per diluted share, up 25 percent, for second quarter fiscal 2004.
Today's Flooring News
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Industrial Production Up 0.4% in July
Washington, DC, August 17--Output of the nation's factories, mines and utilities rose in July, but June's losses were revised downward, offsetting any gains to the level of production, the Federal Reserve said Tuesday.
BASF Evaluates Impact of Soaring Benzene Costs
Ludwigshafen, Germany August 17-- BASF AG says it will turn away back business if it cannot raise prices for its styrene-based and nylon products because of the soaring price of benzene, the main feedstock for styrene and caprolactam.
PPI Slows to a 0.1% Gain in July
Washington, August 13--Producers prices increased a moderate 0.1 percent in July, the Labor Department estimated Friday.
Environmental Home Center Hit By Fire
Seattle, WA, August 13--Environmental Home Center, the nation's first sustainable building supplier, lost its main warehouse, showroom and office in an early-morning fire on August 11.
Kmart Added to Nasdaq 100
New York, August 12--Kmart Holding Corp. will join the Nasdaq-100 Index and be included in the index tracking stock, Nasdaq said on Wednesday.
Tandus Ends Joint Venture With Dixie
Chattanooga, TN, August 11-- Dixie Group Inc., in a Securities and Exchange Commission filing, said it received notice that the company’s joint venture partner, the Monterey Carpets unit of Tandus, will pull out of a joint venture, giving Dixie Group the
Mohawk Launches 'Get Hooked on Mohawk' Pro
Dalton, GA, August 12--Over the last two years, floor covering retailers have found a lot to like in the “Mohawk Makes The Dream” program. This time, they’ll really be “hooked.”
Home Depot’s Nardelli Gets 200,000 Deferred Shares
Atlanta, GA, August 12-- A according to a filing with Securities and Exchange Commission Home Depot Inc. gave chairman and CEO Robert Nardelli 200,000 deferred shares and 100,000 stock options.
Inventories Rise 0.9% in June
Washington, DC, August 12--Inventories rose 0.9 percent at U.S. businesses in June, the biggest increase in four years, the Commerce Department estimated Thursday.