Dixie Group Reports Temporary Disruption Due to Hu
Chattanooga, TN, August 31--The Dixie Group, Inc. is experiencing temporary disruptions at its carpet distribution facilities located in Saraland, Alabama due to the effects of Hurricane Katrina.
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Consumer Confidence Index Increases to 105.6 in Au
New York, August 30--Consumer confidence in the U.S. rose in August according to The Conference Board's consumer confidence index, which climbed to 105.6 this month from a revised 103.6 in July.
Congoleum Reaches Asbestos Settlement with UK Insu
London, England, August 30--Equitas, the representative for London's Lloyd's commercial insurance, will pay $300 million to six U.S. companies to settle claims related to workers' exposure to asbestos.
Armstrong Employees Warned of Further Job Cuts
Lancaster, PA, August 29--Armstrong will eliminate more jobs and reduce benefits to slash expenses by $50 million in both 2006 and 2007, employees have been told, according to the Lancaster New Era.
Crude Oil Surges Above $70 per Barrel Due to Hurri
New York, August 29--Crude oil futures briefly surged past $70 a barrel for the first time Monday as Hurricane Katrina barreled toward the heart of U.S. oil and refinery operations.
Consumer Sentiment Slips in August
Ann Arbor MI, August 26—-The University of Michigan's index of consumer sentiment declined to 89.1 from July's 96.5, the first drop since May. A preliminary estimate of the survey on Aug. 12 put the index at 92.7.
Armstrong Asks Court to Renew Incentive Programs
Lancaster, PA, August 26--Armstrong World Industries on Monday asked a U.S. Bankruptcy Court to renew two incentive-bonus programs for its top management
NAHB Says More Data Need to Determine Direction of
Washington, DC, August 25—-More data is needed to determine the true direction of the housing market, according to David Seiders, chief economist, National Association of Home Builders.
CMI Reorganizes Sales Department
Pawtucket, RI, August 25--cmi (Colonial Mills, Inc.) has reorganized its sales department by creating an internal, direct sales force. cmi determined this move was important to best maximize the continued growth of the company.
New Home Sales Rise 6.5% in July
Washington, DC, August 24--New home sales rose 6.5 percent to a 1.41 million annual rate last month from 1.324 million in June, the Commerce Department said today in Washington.