Greenspan Sees Long-Term Effect in Oil, Gas Costs
Washington, DC, Apr. 28--Federal Reserve Chairman Alan Greenspan said the recent surge in oil and gas prices appears to be a long-lasting phenomenon.
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.
Shaw Names Creative Director
Dalton, GA, Apr. 27--Shaw Industries has named Kathy Young to the company’s newly created position of creative director.
DuPont Expects $77 Million Gain for Invista Sale
Wilmington, DE, Apr. 26--DuPont Co. said Monday that it expects to realize a gain of about $77 million from the sale of its Invista textiles and interiors unit to two Koch Industries Inc. units.
Anso Nylon to Hold Third Annual Fall Carpet Sale
Dalton, GA, Apr. 27--Honeywell Nylon's third annual “Anso Nylon National Carpet Sale” will be held Sept. 1 through Oct. 16.
Home Depot Expects Earnings Growth of 10% to 14%
Charlotte, NC, Apr. 26--Home Depot Inc. Chief Financial Officer Carol Tome reiterated the home-improvement giant's forecast that earnings will grow 10% to 14% this fiscal year, excluding the impact of an accounting change.
DuPont's First Quarter Earnings Up
Wilmington, DE, Apr. 27--DuPont Co. said profits rose 25 percent in the first quarter on foreign exchange gains and sales of synthetic fibers and chemicals used to make electronics.
Planners Push Green Real Estate Development
New York, NY, Apr. 26--Widespread use of green and sustainable real estate development hinges on convincing the land use industry that applying the practices makes sound business sense, from energy savings to added property value.
Existing Home Sales Rise
Washington, DC, Apr. 27--Existing single-family home sales rose strongly in March to the second-highest level on record, according to the National Association of Realtors.
Invista Sells $675 Million Bond
London, England, Apr. 26--U.S. fiber manufacturer Invista priced a larger than expected $675 million high-yield bond on Friday, dropping a planned euro-denominated tranche, a banking source said on Monday.
Martha Stewart, Kmart Amend Deal
Troy, MI & New York, NY, Apr. 26--Kmart and Martha Stewart Living Omnimedia announced today that the companies have reached an agreement.