Kronospan Gets Government OK for Land Purchase
Kiev, Ukraine, August 22, 2006—The Ukranian government has permitted Kronospan Ukr Ltd. (Novovolynsk) to purchase the land on which the timber processing plant is situated.
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Lowe's 2Q Earnings Up 11.4%, Guidance Trimmed
Mooresville, SC, August 21, 2006--Lowe's reported net earnings of $935 million for the quarter ended August 4, 2006, an 11.4 percent increase over the same period a year ago. Diluted earnings per share increased 15.4 percent to $0.60 from $0.52 in the
Commercial Real Estate Index Maintains Uptrend In
Washington, DC, August 21, 2006--The Commercial Leading Indicator for Brokerage Activity,* a leading indicator for the commercial real estate market, shows an improvement in commercial sectors will continue into 2007, according to the National Association
Remodeling Market Slows In 2Q
Washington, DC, August 21, 2006--Remodeling activity slowed in the second quarter of 2006, according to the National Association of Home Builders’ (NAHB) Remodeling Market Index (RMI).
Congoleum Insurers File Plan
Wilmington, DE, August 21, 2006--Congoleum Corp., is facing a contest for control of the outcome of its bankruptcy case with insurers and bondholders who have filed a rival Chapter 11 plan.
Steelcase Survey Shows Decline in Workspace Person
Grand Rapids, MI, August 21, 2006--Steelcase today released results of the second of a three-part Workplace Index Survey on the Nature of Work in 2006 conducted by Opinion Research Corporation (ORC).
Acquisitions the Focus of Post-Bankruptcy Armstron
Lancaster, PA, August 18, 2006--When Armstrong World Industries comes out of bankruptcy, it expects to come out swinging, according to the Lancaster New Era.
China Denies Alleged Links to Illegal Logging
Bejing, China, August 18, 2006--A spokesman for China's forestry authority said at a press conference that his country is not plundering rainforests for timber, and in fact supports efforts to halt trafficking in illegally harvested woods.
Housing Starts Off in July
Washington, DC, August 16, 2006--Housing starts in July were off by 2.5% to a seasonally adjusted annual rate of 1.80 million, the Commerce Department said Wednesday.
After Bankruptcy: What’s Ahead for Armstrong?
Lancaster, PA, August 16, 2006--For nearly six years, Armstrong World Industries has competed with one arm tied behind its back, bound by the bankruptcy reorganization process, according to the Lancaster New Era.