Pace of Manufacturing Growth Accelerates
Tempe, AZ, January 4--The pace of growth at U.S. factories picked up in December, boosted by an increase in new orders and despite a decline in employment, a report showed on Monday.
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.
Dixie Doubled its Share Value in 2004
Chattanooga, TN, January 4—-The Dixie Group, a traditional, "old economy" Chattanooga-based company doubled its stock value in 2004 for the second consecutive year, according to the Chattanooga Times/Free Press.
William Lyon Homes 4Q New Orders Off 35%
Newport Beach, CA, January 4--William Lyon Homes, a builder of single-family homes in California, Arizona and Nevada, on Monday said new home orders fell 35 percent for the fourth quarter, hurt by a lack of available product and fewer sales locations.
Pakistani Government May Provide $3B in Export Ref
Lahore, Pakistan, January 3--Punjab Minister for Investment, Industries and Commerce Muhammad Ajmal Cheema has said that the State Bank of Pakistan (SBP) is willing to provide up to $3 billion worth of export refinancing to small and medium exporters.
Invista Nylon Plant in Chattanooga Humming After D
Chattanooga, TN, January 3--More than $4 billion changed hands when DuPont sold its Invista unit earlier this year to Koch Industries Inc., but Invista's manager in Chattanooga said little is different at his plant, according to the Chattanooga Times/
UK Largest Underlay Company on the Block
Rossendale, England, January 3-- Britain's biggest maker of underlay for carpets and laminate floors has been put up for sale by venture capitalist Rutland Partners.
Cedar Flooring, for the Closet
Huntington, WV, January 3-- Cedar is an especially aromatic wood and has other benefits too. Moths hate cedar, making the material an excellent choice for hope chests and closet flooring, according to the Huntington, West Virginia Herald-Dispatch.
Kmart December Same Store Sales Off 2.6%
Troy, MI, January 3--Kmart Holding said Monday that it expects to generate operating income of about $250 million for November and December of 2004, an increase of 10 percent year-over-year.
Help-Wanted Advertising Index Dips
New York, NY, December 30--The Conference Board’s Help-Wanted Advertising Index – a key barometer of America's job market – dipped one point in November. The Index now stands at 36. It was 38 one year ago.
Forecasters See Slower Growth in 2005
Washington, DC, December 30--Despite soaring oil prices and a slumping dollar, the United States enjoyed a banner year in terms of economic growth in 2004, but the new year is likely to see a significant slowdown, private economists say.