Solutia's CEO to Retire at End of Month
St. Louis, MO, May 6--Solutia Inc. chief executive and chairman John C. Hunter will retire at the end of the month, and the chemical company said Wednesday it is making several changes in top leadership.
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Home Depot CEO Says Rising Rates Won't Stall S
Atlanta, GA, May 6--Home Depot Inc. Chief Executive Robert Nardelli said on Wednesday he's not concerned that rising interest rates will hurt sales.
Documentary Probes Corporate Mentality
New York, NY, May 6--CEOs in handcuffs march across the screen. Bolivians riot in the streets to wrest control of their drinking water away from a business consortium. Cows with inflamed udders walk by, allegedly harmed by growth hormones.
Armstrong to Increase VCT Prices
Lancaster, PA, May 5--Armstrong will initiate an average 5% price increase on its commercial vinyl composition tile (VCT) products, effective on June 1.
Retail Sales Retrench a Bit in April
New York, NY, May 6--After a strong spending pace the first three months of the year, consumers retrenched a bit in April, leaving many retailers with modest sales gains for the month.
Home Depot to Acquire Construction Supply Firm
Atlanta, GA, May 6--Home Depot announced today that it has entered into an agreement to acquire White Cap Construction Supply, Inc.
Berry Group Wins German Patent Decision
Oostrozebeke, Belgium, May 4--On April 27th, the German Patent Office judged upon the cancellation actions that were initiated against Unilins utility model DE 297 24 428.
Housing Affordability Rises
Washington, DC, May 4--A drop in mortgage interest rates, rising family income and a dip in home prices boosted housing affordability conditions in the first quarter.
UK Chemical Firm to Distribute Shell’s PDO in Euro
London, UK, May 5--Shell Chemicals Europe BV and Whyte Chemicals Ltd. announced they have formed an agreement in which Whyte will handle distribution of Shell's 1,3 propanediol monomer (PDO) in the European chemicals marketplace.
March Construction Spending Record Setting
Washington, DC, May 4--Construction spending rose to a record annual pace of $944.1 billion, as work increased on highways and other public works as well as private homes.