WSJ: Federated, May Talks On Again
New York, February 18—-The Wall Street Journal reported this morning that the acquisition talks that would see Federated Department Stores buy May Department Stores are back on again.
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.
Chicago Healthcare Architecture Firm Expands
Chicago, February 18--Jensen & Halstead Ltd., a leading Chicago healthcare architecture firm, has joined forces with Studio One Design, an interior design firm also concentrating in healthcare and senior living facilities.
Building Plastics Joins Azrock Distribution Networ
Houston, TX, February 17--Tarkett Commercial announced that Building Plastics, Inc. (BPI), of Memphis, TN, has joined the company’s distribution network and will begin distributing Azrock by Tarkett commercial flooring in the state of Texas.
Report Says Massive Amounts of Flooring Timber Sm
Jakarta, Indonesia, February 17--Environmental investigators say they have uncovered massive timber smuggling from Indonesia's Papua province to China in what they described as the world's largest logging racket involving one wood species.
Housing Starts Hit a Nearly 21-Year High
Washington, DC, February 16--Housing starts rose 4.7 percent in January to a nearly a 21-year high, according to an announcement from the Commerce Department.
WSJ: Federated & May End Merger Talks
New York, NY, February 15--Merger talks between Federated Department Stores and May Department Stores broke down after the two companies could not agree on the price, according to a report in the Wall Street Journal.
Mohawk’s 4Q Earnings Inch Up
Calhoun, GA, February 15--Mohawk Industries announced net earnings in the fourth quarter of 2004 of $102.5 million and diluted earnings per share (EPS) of $1.52 for the fourth quarter of 2004.
Lennar Acquires Urban Redevelopment Properties in
Miami, FL, February 15--Lennar Corporation and Roseland Property Company announced that Lennar will acquire a portfolio of 15 properties located along the Hudson River waterfront facing mid-town Manhattan and in the greater Boston area.
Retail Sales Off in January
Washington, DC, February 15--Retail sales declined 0.3 percent in January as automobile sales dropped sharply, according to a report from the Commerce Department.
Pergo Reports Year-End Results
Trelleborg, Sweden, February 14—-Pergo issued its year-end report, for the twelve months ended December 31, 2004. In 2004 net sales totaled SEK 2,780 million (2,799) ($396.7M), a 6% rise compared with 2003, excluding currency effects.