Beazer Homes 4Q Earnings Up 48%
Atlanta, GA, January 27—Home builder Beazer Homes USA reported fourth quarter earnings that rose 48 percent, as strong overall housing demand and higher prices offset declines in Arizona and Nevada.
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OMNOVA Reports 4Q Loss
Fairlawn, OH, January 27--OMNOVA Solutions reported a loss of $14.7 million, or $0.36 per diluted share, for the fourth quarter of 2004, compared to a loss of $61.3 million, or $1.53 per diluted share, during the fourth quarter of 2003.
Durable Goods Orders up 0.6% in December
Washington, DC, January 27—-Durable goods orders increased 0.6 percent in December, despite large declines in civilian aircraft and defense goods, the Commerce Department said Thursday.
Help Wanted Index Up 2 Points
New York, January 28--The Conference Board’s Help-Wanted Advertising Index – a key barometer of America's job market – increased two points in December.
Sears 4Q Earnings Off 86%
Hoffman Estates, IL, January 28—Sears reported an 86 percent drop in fourth-quarter net earnings Thursday after shedding its profitable credit-card unit a year earlier, its results now solely dependent on sagging retail sales.
Dow Chemical 4Q Earnings Up 10%
Midland, MI, January 27--Dow Chemical posted a 10 percent increase in fourth-quarter net profit on Thursday, beating expectations, as it benefited from higher prices.
Lear 1Q Earnings Off 7%
Southfield, MI, January 28--Lear Corp., the maker of automotive carpet and interiors, said earnings in the latest quarter fell 7 percent from a year earlier, hurt mainly by higher raw-material prices.
Shopping-Mall Vacancy Rates Decline to 5.3%
New York, NY, January 27--The nation's retailers added space in the fourth quarter, pushing down vacancy rates in malls and strip malls while driving rents almost 1% higher, according to a new survey.
Stark Carpet Opens in Charlotte
Charlotte, NC, January 27--Stark Carpet Corp., will open its new 30,000-square-foot Charlotte facility in February.
Iran's Carpet Revenues Declining
London, England, January 27--Iran's carpet exports have declined significantly in the past months, said a senior Persian carpet industry official on Tuesday, expressing serious concern about the downward trend, according to Iranmania.com.