Personal Income & Spending Up September
Washington, DC, November 1--Personal income rose 0.2% after rising a revised 0.3% in August, the Commerce Department said Monday. August personal income was earlier reported as having risen 0.4%.
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.
Weyerhaeuser Buys into Brazilian JV
Federal Way, WA, October 29--Weyerhaeuser said it has acquired a two-thirds ownership in Aracruz Produtos de Madeira S.A., a subsidiary of Aracruz Cellulose S.A. Terms were not disclosed.
U2 Rocker Set to Auction £200,000 in Antique Rugs
Belfast, Ireland, October 27--U2 star Adam Clayton is to sell off his collection of exotic carpets worth over £200,000 at a special auction at Christies in London.
NAR: Housing Market Expected to Coast From Record
Washington, DC, October 8--After setting unprecedented highs this year, home sales should ease but remain historically strong, according to the National Association of Realtors.
Pulte Warns on Q3 Earnings
Bloomfield Hills, MI, October 5--Pulte Homes Inc. on Monday warned third-quarter earnings from continuing operations would fall short of its earlier forecast.
Lowe's 3Q Earnings Up 15.5%
Mooresville, NC, November 15--Lowe's today reported net earnings of $522 million for the quarter ended October 29, 2004, a 15.5 percent increase over the same period a year ago.
Hurricane Losses Drive Berkshire Q3 Results Down 3
Omaha, NE, November 8--Berkshire Hathaway, the holding company run by Warren Buffett, said late Friday that third-quarter net income fell 37 percent after hurricane losses at its insurance divisions.
Asbestos Bill May Get New Push
New York, NY, November 8--Business lobbyists are confident they will now be able to win congressional approval for legislation to end asbestos litigation, according to a published report.
Pace of Factory Growth Slows in Oct
Tempe, AZ, November 1-- The pace of growth at U.S. factories slowed in October. The Institute for Supply Management said its index of national manufacturing activity fell to 56.8 in October from 58.50 in September.
Foamex Names Lieberman to its Board
Linwood, PA, October 29-- Foamex has named David A. Lieberman to the company's board of directors. Lieberman will also serve on the board's audit committee.