Dixie Group 4Q Sales Dip Beats Industry Average
Chattanooga, TN, February 26, 2008—The Dixie Group earnings from continuing operations slid 46 percent in the fourth quarter compared to a year ago.
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New Home Sales Fall to 13-Year Low
Washington, DC, February 27, 2008--Sales of new single-family homes fell 2.8 percent in January to a seasonally adjusted annual rate of 588,000, the lowest number since February 1995, the Commerce Department said Wednesday.
Beaulieu Commercial Using 100% Green Energy
Adairsville, GA, February 27, 2008-- Beaulieu Commercial has become the first commercial carpet manufacturer to replace 100 percent of the energy used to power its operations with renewable energy.
Durable Goods Orders Plunge in January
Washington, DC, February 27, 2008—Durable goods orders tumbled 5.3 percent in January.
Rieter Sells Plastics Business to Swiss Firm
Winterthur, Switzerland, February 27, 2008--Rieter is selling its plastics granulates business.
Toll Brothers Loses $96 Million in Quarter
Horsham, PA, February 27, 2008 -- Toll Brothers Inc. lost $96 million or $.61 per share in its fiscal first quarter, which included pre-tax write downs of $245.5 million and $27.8 million.
Overseas Sales Boosts Tennant's Earnings
Golden Valley, MN, February 27, 2008--Tennant Co. reported a 52 percent increase in its fourth-quarter profit on strong international sales and the sale of a facility.
Mortgage Volume Drops on Lower Refinancing
Washington, D.C., February 27, 2008 — Mortgage volume fell 19.2 percent the week ending Feb. 22 from the previous week due to a drop off in refinancing, according to the Mortgage Bankers Association.
Design Students Featured at Middle East Domotex
Dubai, UAE, February 27, 2008--Deutsche Messe will collaborate with the American University in Dubai's (AUD) Department of Interior Design to launch the 'Designers Corner' at the Domotex Middle East Exhibition May 25 - 27.
Like Lowe's, Home Depot Earnings Slide Sharply
Atlanta, GA, February 26, 2008--Earnings for The Home Depot fell 27 percent in the fourth quarter compared to a year ago, the company reported.