Koch Acquisition of Invista Finalized
Wichita, KS & Wilmington, DE, Apr. 30--DuPont and subsidiaries of Koch Industries, Inc. have finalized the sale of Invista, formerly DuPont Textiles & Interiors, for $4.2 billion.
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CARE Releases Second Annual Report
Pensacola, FL, Apr. 30--The Carpet America Recovery Effort (CARE) Second Annual Conference concluded today following two days of lively discussion in an open forum.
Armstrong Reports First Quarter Results
Lancaster, PA, Apr. 29--Armstrong Holdings, Inc. today reported first quarter 2004 net sales of $845.0 million, a 9.0% increase over first quarter net sales of $774.9 million in 2003.
Dow Chemical to Cut 3,000 Jobs
Midland, MI, Apr. 30--Moving forward with a long-term cost reduction plan, Dow Chemical Co. said Thursday it would cut 3,000 jobs globally this year.
Warren Buffett Living Humbly in Nebraska
Omaha, NE, Apr. 30--The world's second richest man lives humbly in the Midwest city where he grew up, driving his own car, paying $12 for a haircut and stopping by his local drug store for newspapers.
Scottish Carpet Maker Stoddard’s Losses Double
Glasgow, Scotland, Apr. 30--Embattled Scottish carpet manufacturer Stoddard International yesterday announced that its underlying annual losses had doubled from £3.1m to £6.2m--as it filed its 2003 results on the last day it could have to comply with stoc
Sherwin-Williams Reports Earnings
Cleveland, OH, Apr. 29--The Sherwin-Williams Company announced its financial results for the first quarter ended March 31, 2004.
Georgia Pacific Posts Profit
Atlanta, GA, Apr. 29--Forest and consumer products company Georgia-Pacific Corp. on Thursday reported a first-quarter profit, reversing a year-ago loss, as prices for lumber and structural panels surged.
Alloc & City of Racine in Land Dispute
Racine, WI, Apr. 29--Alloc has sharpened its threats to reduce future investments here if the city takes back some land the company has not used, according to the Racine Journal-Times.
Dow Reports Earnings Improvement
Midland, MI, Apr. 29--The Dow Chemical Co. reported sales of $9.3 billion for the first quarter of 2004, compared with $8.1 billion a year ago, an increase of 15 percent and a quarterly record.