Federated Posts 1Q Profit
Cincinnati, OH, May 17, 2007--Federated Department reported earnings in the first quarter of $36 million, or $0.08 per share compared with a year-ago loss of $52 million, or $0.09 cents per share, hurt by a hefty charge.
Today's Flooring News
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Solutia Files Amended Reorganization Plan
St. Louis, MO, May 17, 2007--Solutia Inc. said it has filed an Amended Plan of Reorganization (the ``plan'') and Disclosure Statement with the Bankruptcy Court for the Southern District of New York.
CFI-WFCA Hold Workshop for Inspectors & Sales Reps
Kansas City, MO, May 16, 2007--Installation knowledge is a hot topic for those involved in the sales, claims, contracting and inspection fields.
Industrial Production Up in April
Washington, DC, May 16, 2007--Industrial production rose 0.7 percent in April following a revised 0.3 percent decrease in March, according to a Federal Reserve report issued Wednesday.
Housing Starts Up. Permits Drop
Washington, DC, May 16, 2007--Housing starts rose 2.5 percent in April to a seasonally adjusted annual pace of 1.528 million, according to the Commerce Department.
Salter Named Formica Midwest Regional Manager
Barnwell, SC, May 16, 2007--Formica Flooring announces that Rich Salter has joined its sales team as Midwest Regional Manager.
State Home Sales Show Stabilization in 1Q
Washington, DC, May 16, 2007--State existing-home sales in the first quarter generally are below a year ago but more states are improving than reported in the fourth quarter of 2006.
Mortgage Applications Decrease Slightly
Washington, DC, May 16, 2007--The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending May 11, 2007.
NTCA Launches Online Career Center
Jackson, MS, May 16, 2007--The National Tile Contractors Association (NTCA) recently launched its interactive job board, the NTCA Career Center.
Foamex Reports 1Q Loss
Linwood, PA, May 14, 2007--Foamex in the first quarter reported a net loss of $17.0 million, or $1.01 per share, compared to net income of $17.1 million, or $1.78 per diluted share in the first quarter of 2006.