Feltex Nixes Godfrey Hirst Merger Deal
Wellington, New Zealand, October 27, 2005--Shares in Feltex fell 6.5% in early trading today on news its planned merger with Australia-based carpet maker Godfrey Hirst has been called off.
Today's Flooring News
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Dow Chemical 3Q Earnings Up 30%
Midland, MI, October 27, 2005--Dow Chemical Co. in the third quarter reported earnings that increased 30% to $801 million, or $0.82 a share, from $617 million, or $0.65, a year earlier.
Help-Wanted Ad Index Edges Up
New York, NY, October 27, 2005--The Conference Board help-wanted advertising index inched up one point in September. The Index now stands at 39, up from 38 last month. It was 36 one year ago.
New Home Sales Up 2.1%
Washington, DC, October 28, 2005--Sales of new homes rose 2.1% in September according to a Commerce Department report.
Tennant 3Q Earnings Up
Minneapolis, MN, October 27, 2005--Tennant Co. reported net earnings for the third quarter of $6.3 million, or $0.69 per diluted share. Net earnings in the third quarter of 2004 were $1.0 million, or $0.11 per diluted share.
Georgia-Pacific 3Q Earnings Off
Atlanta, GA, October 27, 2005--Georgia-Pacific posted weaker quarterly profit because of surging energy costs and lower prices for packaging and some paper and pulp products.
Jobless Claims Up Last Week
Washington, DC, October 27, 2005--The Labor Department reported that 24,000 people filed applications for unemployment benefits last week.
World Market Center’s Design Center Announces “Fir
Las Vegas, NV, October 27, 2005--The Design Center at World Market Center, a new resource in Las Vegas for the home and design community, will present an inspiring and educational lineup of seminars and events during the November and December “First Frida
Durable Goods Orders Off 2.1%
Washington, DC, October 27, 2005—Orders for durable goods fell 2.1% in September, according to a report from the Commerce Department.
iFLOOR.com Gets New Look
Bellevue, WA, October 27, 2005--With a splash of vibrant citrus colors, iFLOOR.com, the online flooring retailer, has redesigned its virtual storefront to feature better navigability.