Credit-Card Sale Gives Sears $2.75B Profit
Hoffman Estates, Jan. 29--Sears, Roebuck & Co. posted a record $2.75 billion profit for the fourth quarter thanks to the sale of its credit-card unit to Citigroup.
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Monsanto CEO: A 'Vibrant' Solutia Would Be
St. Louis, Jan. 29--The best outcome from Monsanto's standpoint of Solutia's Chapter 11 bankruptcy proceeding is for the chemical company to emerge as a "vibrant" business that can take care of its obligations, Monsanto Chairman and Chief Executiv
Peninsula Floors and Floor Space Merge
Livermore, CA.Jan. 29--Peninsula Floors, Inc. and Floor Space, Inc. residential contract flooring companies, announced today that they have merged.
Honeywell Posts 4th Quarter Profit On Increased Sa
Morristown, NJ, Jan. 29--Honeywell International Inc. posted a fourth- quarter profit, reversing a year-earlier loss weighed down by asbestos- litigation costs.
Leggett Reports 4th Quarter EPS Of $.30 On Strong
Carthage, Mo, Jan. 28--Leggett & Platt Inc. said fourth-quarter net income rose 21%.
Dow Chemical Posts Profit on Higher Sales, Tax Ben
Midland, MI, Jan. 29--Dow Chemical Co. reported a profit for the fourth quarter, reversing a loss a year earlier, when merger expenses, a big asbestos charge and restructuring costs hurt the bottom line.
Shaw Living’s Modern Elements Debuts At Atlanta Ma
Dalton, GA, Jan. 28--Shaw Living unveils Modern Elements at the Atlanta International Area Rug Market, January 15th--18th.
Fed Clears Way For Future Rate Increase
Washington, Jan. 28--The Federal Reserve has freed its hands for a future increase in interest rates.
New-Home Sales Slide Again
Washington, Jan. 28--New-home sales dropped for a second straight month in December, but also turned in a strong showing for all of 2003.
Durable Orders Stay Flat
Washington, Jan. 28--In a report that could moderate the outlook for a manufacturing rebound, the U.S. Commerce Department said new orders for durable goods were flat during December from the month before, after falling 2.3% during November.