Lowe's Reports Higher Quarterly Income, Sales
Mooresville, NC, Feb. 27, 2012 -- Lowe's reported net earnings of $322 million for the quarter ended Feb. 3, a 13.0% increase over the same period a year ago.
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Buffett Says Housing Still in 'Depression'
Omaha, NE, Feb. 27, 2012 -- Berkshire Hathaway CEO Warren Buffett admitted that his predictions for a housing recovery were premature.
Business Economists Raise 2012 Forecasts
Washington, DC, Feb. 27, 2012 -- Economic forecasters have raised their expectations for employment, home construction and business spending this year, according to the National Association for Business Economics.
Texas Carpet Recycling in Landfill Pilot Program
Ft. Worth, TX, Feb. 27, 2012 -- Texas Carpet Recycling is working with a local landfill on a pilot program to divert carpet.
Valinge Says Sales, Earnings Rose in 2011
Viken, Sweden, Feb. 27, 2012 -- Valinge said that net sales in 2011 were up 20% from the previous year.
Mohawk Reports Higher Sales, Lower Earnings
Calhoun, GA, Feb. 23, 2012 -- Mohawk Industries reported fourth quarter net earnings of $43 million and earnings per share $0.62. In the fourth quarter of 2010, net earnings were $46 million and earnings per share was $0.66.
New Home Sales Fall Slightly
Washington, DC, Feb. 24, 2012 -- New single-family homes sales in the U.S. rose at an annual rate of 321,000 in January, according to the Commerce Department.
Consumer Sentiment Highest in a Year
Ann Arbor, MI, Feb. 24, 2012 -- Consumer sentiment was the highest in a year in February, according to the Thomson Reuters/University of Michigan survey's final reading.
Quick-Step Honors Distributor Elias Wilf
Dallas, TX, Feb. 24, 2012 -– Laminate maker Quick-Step has named Elias Wilf as its distributor of the Year for 2011.
Shaw Hardwoods Cradle to Cradle Certified
Dalton, GA, Feb. 24, 2012 -– Shaw Floors said that the company’s entire hardwood product line has met criteria to become Cradle to Cradle Silver Certified.