DuPont May Use Invista Money to Fund Deals
Boca Raton, FL, Feb. 19--DuPont Co. may use some of the $4.4 billion of proceeds from the sale of its Invista fibers unit for small acquisitions, DuPont's chief executive said on Thursday.
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AFL-CIO to Fight GE, Home Depot over Langone
New York, NY, Feb. 19--The investment office of the AFL-CIO has been pressing General Electric Co. and Home Depot Inc. to drop Kenneth Langone from their boards since September.
Interface Reports Loss
Atlanta, Ga, Feb. 18--Interface, Inc. today announced results for the fourth quarter and fiscal year ended December 28, 2003.
Wal-Mart's Profit Rises
Bentonville, AR, Feb. 19--Wal-Mart Stores’ fiscal fourth-quarter profit rose 8.5% amid steady sales growth.
Dixie Group to Go Upmarket in 2004
Chattanooga, TN, Feb. 18--Dan Frierson, chairman and CEO of The Dixie Group, said Tuesday that the Chattanooga-based carpet maker is starting a new era.
Kmart Customer Satisfaction Scores Low
Ann Arbor, MI, Feb. 19--When it comes to customer satisfaction, Kmart Holding Corp. still sits at the bottom of the barrel among department and discount stores.
Leading Indicators Rise in January
New York, Feb 19--A key economic forecasting gauge advanced a strong 0.5 percent in January, suggesting that the economy will expand further in coming months.
January Housing Starts Fall
Washington, DC, Feb. 18--Home construction took its first fall in five months in January, making a larger-than-expected drop that was accompanied by a decrease in building permits.
Jobs Secure at Invista’s Seaford Plant
Seaford, DE, Feb. 18--Jobs at Invista's nylon plant in Seaford are secure, are in fact growing and shouldn't be negatively impacted by plans of prospective new owner Koch Industries.
AstroTurf Maker Files Bankruptcy
Leander, TX, Feb. 17--AstroTurf-maker Southwest Recreational Industries Inc., which installed an artificial playing surface at the Louisiana Superdome, has filed for bankruptcy protection and is going out of business.