Mohawk Wins GSA Evergreen Award
Philadelphia, PA, Mar. 21--The U.S. General Services Administration (GSA) has presented the GSA Evergreen Award to Mohawk Industries of Kennesaw, Georgia.
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Lowe's Chief Bullish On Housing Market
New York, NY, Mar. 21--Concerns that the U.S. housing market is losing momentum run contrary to signs that show strength in the sector, according to Robert Tillman, chairman of Lowe's Companies.
Orders Fall for Durable Goods
Washington, D.C., March 26--Orders to U.S. factories for big-ticket goods fell by 1.2 percent in February, the biggest decline in three months, a fresh sign of the struggles facing the nation's battered manufacturing sector.
Gaskell Widens Year-End Loss
London, Mar. 25--Gaskell PLC widened its full-year pretax loss to 9 million pounds sterling from 6.55 million and said it has achieved substantial progress in the restructuring of the group.
Pergo Board Makes Proposals for Annual Meeting
Trelleborg, Sweden, March 24—The Pergo Board of Directors for its upcoming Annual General Meeting, has made a number of proposals.
Kmart Posts Loss of $3.2 Billion in '02, Bank
Troy, MI, Mar. 24--Kmart Corp. reported a loss of $3.22 billion for last fiscal year, hit by massive restructuring and store-closing costs in the aftermath of its bankruptcy filing.
February Existing-Home Sales Ease From Record
Washington, Mar. 25--Sales of existing single-family homes declined last month from a record pace in January, but were still at the fourth highest pace since record keeping began in 1968, according to the National Association of Realtors.
Foamex Reports Sales up
Linwood, PA,Mar.25, 2003--Foamex International announced its 2002 fourth quarter and full-year financial results.
Hotel Demand Seen Dropping
Los Angeles, Mar. 24--Demand for U.S. hotel rooms would likely drop 5 percent -- more than previously expected -- if the war in Iraq ends quickly, according to an industry forecast issued shortly after the launch of a U.S.-led attack on Baghdad.
Mohawk Lowers Estimates
Calhoun, GA, Mar. 17--Mohawk Industries has updated its first and second quarter 2003 earnings estimates. In its 2002 fourth quarter earnings release, the company indicated concern about weakening conditions in its markets.