Chicago Manufacturing Surges Higher in January
Chicago, IL, Feb. 28, 2011 -- Chicago-area manufacturing accelerated at a faster-than-expected pace in February.
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Consumer Income, Spending Rise in January
Washington, DC, Feb. 28, 2011 -- Personal income rose a seasonally adjusted 1.0% in January, marking the biggest increase in a year and a half, according to the Commerce Department.
Mapei Acquires Korean Adhesives Operation
Milan, Italy, Feb. 28, 2011 -- Mapei Group said it has acquired of all of Henkel's activities regarding adhesives and products for the building industry in South Korea under the Ceresit and Thomsit trademarks.
BASF Raises Prices of Plastics Stabilizers
Florham Park, NJ, Feb. 28, 2011 -- BASF said it is increasing prices globally of antioxidants and process stabilizers for plastic applications by 5-10%, depending on the product, effective immediately.
Healthier Choice Names Chief Business Officer
Dalton, GA, Feb. 28, 2011 -- Healthier Choice said it has appointed Gary Hernandez Sr. chief business officer and executive vice president of sales and marketing.
Consumer Sentiment Higher Than Expected
Ann Arbor, MI, Feb. 25, 2011 -- Consumer sentiment rose sharply in February, according to a poll released Friday by Thomson Reuters and the University of Michigan.
Private Equity Firm To Acquire Gerflor
Paris, France, Feb. 25, 2011 -- Private equity firm Intermediate Capital Group has agreed to acquire Gerflor from AXA Private Equity, with the support of Gerflor’s existing management team, headed by its CEO Bertrand Chammas.
Fourth Quarter GDP Up Less Than First Estimate
Washington, DC, Feb. 25, 2011 -- Gross Domestic Product in the fourth quarter grew less than initially estimated, according to the Commerce Department.
Lumber Liquidators Names Merchandising Chief
Toano, VA, Feb. 25, 2011 -- Lumber Liquidators has named William K. Schlegel as its chief merchandising officer, effective March 14.
Mortgage Rate Back Below 5% on 30-Year
Washington, DC, Feb. 25, 2011 -- The average rate for a 30-year fixed-rate mortgage fell below 5% this week, according to Freddie Mac.