Home Depot Director to Step Down
Atlanta, GA, February 2--Home Depot director Roger S. Penske doesn't plan to stand for re-election to the company's board, the home-improvement retailer disclosed Tuesday.
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.
Manufacturing Activity Grows in January
Tempe, AZ, February 2--Economic activity in the manufacturing sector grew in January for the 20th consecutive month, while the overall economy grew for the 39th consecutive month.
Azrock Nets Two Awards
Houston, TX, February 2--Architecture Magazine recently awarded Azrock by Tarkett the 2004 Architect’s Choice for Excellence (ACE) Award in the resilient flooring category.
Mystery Buyer Bids for Stoddard
London, England, February 2--A mystery buyer has launched a last-minute bid to save Scotland's oldest carpet manufacturer, according to the Glasgow Evening Times.
Report: May-Federated Talks Hit Snag
New York, February 1—-According to a report in the Wall Street Journal, price appears to be a prime sticking point in Federated Department Stores’ efforts to acquire May Department Stores.
Universal Forest 4Q Earnings Up 38%
Grand Rapids, MI, February 1--Universal Forest Products Inc. reported that its fourth-quarter profit rose 38 percent, helped by higher lumber and chemical prices, and the company expects results to improve in 2005.
Georgia-Pacific 4Q Earnings Off
Atlanta, GA, February 1--Georgia-Pacific reported its fourth-quarter net profit fell by almost half, after it increased funds to cover asbestos lawsuits.
Leggett & Platt 4Q Earnings Up 11%
Carthage, OH, February 1--Leggett & Platt posted an 11 percent increase in fourth-quarter earnings, driven by on asset sales, a lower tax rate, sales growth and full production at its steel mill.
Lanxess Makes Market Debut
Frankfurt, Germany, February 1--Lanxess AG, the spun-off chemicals and polymers business of German drug maker Bayer AG, made its debut on the Frankfurt stock exchange Monday.
Chain Store Sales Off 1.9% Last Week
New York, NY, February 1--The International Council of Shopping Centers-UBS Retail Chain Store Sales Index plunged by 1.9% in the week ended Jan. 29 from the week before, on a seasonally adjusted, comparable-store basis, according to data released Tuesday