Household Debt May Be Larger Then Expected
Washington, Oct 23-- American households may be carrying much bigger financial burdens than previously reported.
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Interface Reports 3rd Quarter Results
Atlanta, Oct. 22--Interface, Inc. in the third quarter of 2003 posted sales of $237.1 million, compared with $231.3 million in the third quarter 2002.
Homebuilder Centex 2nd Quarter Earnings Up 61%
Dallas, Oct 21--Home builder and mortgage finance company Centex Corp. on Tuesday said its quarterly profit rose 61 percent and raised its outlook for the fiscal year.
Armstrong Clears the Decks As Crucial Hearing Near
Lancaster, PA, Oct. 21--The strategy of Armstrong World Industries for emerging from bankruptcy protection as soon as possible seems to boil down to these four words: Let's make a deal.
Homebuilder Ryland 3rd Quarter Earnings Up 34%
Calabasas, CA Oct. 21--Ryland Group's third-quarter net income jumped 34%, as the market for new homes remains strong.
Louisiana-Pacific 3rd Quarter Earnings Up Sharply
Portland, OR, Oct 22--Wood products maker Louisiana-Pacific Corp. said its third-quarter profit rose sharply, driven by strong demand and prices on wood panels used in homebuilding.
DuPont Reports 3rd Quarter Loss on Charges & High
Wilmington, DL, Oct. 22--DuPont Co. swung to a loss in the third quarter on special charges, higher raw material costs and noncash pension and stock-option expenses.
Solutia Bondholders Open To Restructuring Plan
St. Louis, Oct 21--Solutia Inc. bondholders appear to be open to the company's plan to restructure $1.25 billion in debt, announced last week.
Tennessee Software Company Offers Non-Carpet Carpe
Chattanooga, TN, Oct. 21--Chattanooga-based Tricycle Inc. has won one of the bigger awards in its industry, but a CEO's false step meant just as much to the company's chief creative officer.
Invista Donates Global Warming Credits for World W
Kennesaw, GA, Oct. 21--Invista will retire 11,725,007 pounds of global warming credits to offset emissions caused by energy use at the International Facility Management Association (IFMA) World Workplace 2003.