Solutia Suffers a Loss of $39 Million
St. Louis, MO, Mar. 5--Chemical maker Solutia Inc. lost $39 million, excluding certain one-time charges, between its Dec. 17 filing for bankruptcy reorganization and Jan. 31.
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.
Centex Jan/Feb Home Sales Rise Over 20%
Dallas, TX, Mar. 5--Centex Corp. said orders at Centex Homes for the first eight weeks of the fourth quarter rose 20.8% from the comparable period a year ago.
Formica Retirees Wait for Decision
Cincinnati, OH, Mar. 5--District Judge Sandra Beckwith promised a quick decision Tuesday on a request by Formica Corp. retirees for an injunction preventing the laminate maker from continuing to reduce their monthly pension checks.
Retailers Report Strong February Sales
New York, NY, Mar. 5--Consumers' rising confidence gave the nation's retailers their third straight month of solid sales in February, with business above expectations at many retailers.
Women Driving Home Improvement
New York, NY, Mar. 4--The big home-improvement retailers are increasingly focusing on female consumers, and with good reason.
Martha Stewart Posts Profit, Sales Fall
New York, NY, Mar. 4--Martha Stewart Living Omnimedia posted a quarterly profit, compared with a year-earlier loss, but the company said advertising sales continue to suffer.
CEOs See Steady Improvement, Modest Job Growth
New York, NY, Mar. 04--The Business Roundtable, an association of chief executive officers of large U.S. companies, said the latest quarterly survey of its members show they expect "steady improvement in economic conditions".
Productivity Up
Washington, Mar. 4--The productivity of American workers grew 2.6 percent annual rate in the final three months of 2003.
Forbo Names New CEO and New Chairman
Eglisau, Switzerland, Mar. 4--Swiss floor coverings maker Forbo Group has appointed This Schneider as its new chief executive with immediate effect, replacing Werner Kummer who will leave the company.
Mohawk Sees ’04 Capital Expenditures of $140M To $
Calhoun, GA, Mar. 4--Mohawk Industries Inc. said it expects 2004 capital expenditures, excluding acquisitions, to be between $140 million and $160 million.