Retail Profits Off in 1Q
Washington, DC, October 12, 2005--After-tax profits of retail corporations with assets of $50 million and over totaled $13.0 billion in the first quarter 2005, down $3.7 billion from the preceding quarter.
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NAR: Home Sales Forecast Looking Stronger
Washington, D.C., October 12, 2005--The forecast for home sales has trended up as the year progressed, fueled lately by added demand resulting from the impact of recent hurricanes, according to the National Association of Realtors.
Wall Coverings Demand to Reach $2.4B in 2009
Cleveland, OH, October 12, 2005--Demand for wall coverings is projected to advance 4.3% annually from a weak 2004 base to $2.4 billion in 2009, according to a new study from The Freedonia Group, Inc., a Cleveland-based industrial market research firm.
KB Home to Offer Homes Designed by Martha Stewart
Los Angeles, CA, October 12, 2005-- KB Home, one of the nation's biggest homebuilders, said Wednesday it would start selling a line of homes designed and decorated by Martha Stewart.
FOMC Minutes Show Fed Leaning Toward More Hikes
Washington, D.C., October 12, 2005--Federal Reserve policy makers grew more concerned about inflation after Hurricane Katrina and said that interest rates would probably have to move higher to restrain prices, according to minutes of the central bank'
Mortgage Refinance Application Down
Washington, D.C., October 12, 2005--The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending October 7.
Milliken Donation Offsets 100% of Greenbuild CO2 E
LaGrange, GA, October 11, 2005--Milliken & Company’s donation of more than 9 million carbon dioxide (CO2) credits is enough to offset 100 percent of the CO2 emissions associated with the U.S. Green Building Council (USGBC) 2005 Greenbuild International Co
Chain Store Sales Up Last Week
New York, NY, October 11, 2005--Chain store retail sales rose for the third consecutive week, with stronger sales in the Northeast and the Midwest, a retail report said on Tuesday.
Homebuilder D.R. Horton’s 4Q Sales Up 33%
Fort Worth, TX, October 11,2005--D.R. Horton Inc., the largest U.S. home builder, said on Tuesday its quarterly organic net sales orders rose 33% to $3.8 billion.
Forbo Names Jörg Riboni CFO
Eglisau, Switzerland, October 11, 2005--As announced on August 23, 2005, Forbo has appointed a new chief financial officer and member of the group executive board.