Weyerhaeuser Plans to Sell 3 Mills
Federal Way, WA, Mar. 5--Weyerhaeuser Co. will put three of its lumber and plywood mills in the Carolinas and Georgia on the sales block, because the facilities don't match its business strategies.
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.
Invista to Bring 160 Jobs to Charlotte
Charlotte, NC, Mar. 5--Invista plans to establish a regional headquarters in Charlotte, employing 160.
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.
Federated Boosts 1st Quarter Outlook
Cincinnati, OH, Mar.4--Federated Department Stores reported a better-than-expected 9 percent jump in February sales at stores open at least a year and raised its first-quarter earnings forecast.
Shaw's R2x Stain and Soil Remover a Hit with D
Dalton, GA, Mar. 4--Shaw Industries is reporting an excellent response to its new R2x Stain and Soil Remover.
Fed Notes Slow Job Growth Amid Economic Expansion
Washington, D.C., Mar. 4-- Employment is growing slowly as the U.S. economy continues to expand, the Federal Reserve reported Wednesday.
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".