Beige Book: Economy Stronger
Washington, DC, January 20--The Federal Reserve in its Beige Book reported that economic activity continued to pick up in most of the country in late November through early January.
Today's Flooring News
Keep up to date with the most recent news in the flooring industry. Today's News...As it happens! We update this news several times a day so you can stay connected.
Federated in Talks to Buy May
New York, NY, January 20--Federated Department Stores Inc. is in talks about buying rival May Department Stores Co. in a deal that would create a huge retailer with $30 billion in combined sales and nearly 1,000 department stores.
Hitachi Intros Non-Slip Bathroom Flooring
Tokyo, Japan, January 21--Hitachi House Tech has announced the release of a plastic bathroom flooring product that uses independently developed technology to produce a lattice like pattern of micro sized protrusions on the surface to prevent slipping.
Wood Flooring Plant Planned for Maine
Skowhegan, ME, January 20--Plans are under way in Skowhegan for floor-manufacturing business in Northgate Industrial Park.
Sherwin-Williams Boosts 4Q Forecast
Cleveland, OH, January 20—-Paintmaker and retailer Sherwin-Williams Co. boosted its projected fourth-quarter earnings after sales came in better than planned during the period.
Martha Stewart to Close Web, Catalog Operations
New York, NY, January 20--Martha Stewart Living Omnimedia is closing its money-losing online store and catalog in February, according to a notice posted on the company's Web site.
Two Sport Flooring Companies Merge
Arlington Heights, IL, January 20--Sport Court International and Connor Sports Flooring Corporation have merged to create Connor Sport Court International.
Solutia's Board Approves Funding For Incentive
Washington, DC, January 19--Solutia Inc. said Tuesday in a regulatory filing that its board approved funding for the company's 2004 incentive program.
Ryland 4Q Earnings Up 26%
Calabasas, CA, January 19—-Homebuilder Ryland Group posted 26 percent growth in fourth-quarter profit and increased its 2005 outlook.
May CEO's Exit Sparks Buyout Speculation
St. Louis, MO, January 19--May Department Stores Co. stock surged Tuesday amid renewed optimism for the company in the wake of chief executive Gene S. Kahn's abrupt resignation Friday.