Construction Spending Slides
Washington, DC, Mar. 1--Spending on new construction slid unexpectedly in January, a Commerce Department report showed on Monday, reflecting continued weakness in commercial building.
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.
Furniture War Snarls Retailers, Consumers
New York, NY, Mar. 1--Crate & Barrel, J.C. Penney Co. Inc., Rooms to Go and more than 60 other retailers say the proposed furniture duty could double prices and turn off customers.
Mattsson Resigns From Tarkett
Farnham, Quebec, Feb. 27--Tarkett announced today that Ulf Mattsson has resigned as President and CEO of Tarkett Inc. to pursue other interests.
Home Depot Increases Share Repurchase Program
Atlanta, GA, Feb. 27-- Home Depot's board of directors declared a quarterly cash dividend of seven cents per share and an increase in its authorized share repurchase program of $1 billion.
GDP Up 4.1% in 4th Quarter
Washington, D.C., Feb. 27--The U.S. economy was a bit stronger in the final three months of 2003 than earlier projected as the government raised its estimates on spending by consumers and businesses.
Kohl's 4Q Profit Off 12%
Menomonee Falls, WI, Feb. 27--Kohl's Corp. reported a 12% drop in fiscal fourth-quarter net income, hurt in part by weaker sales at stores open at least a year.
Consumer Sentiment Index Falls
New York, Feb 27--U.S. consumer sentiment fell sharply in February, as Americans turned cautious about the U.S. economy that has been hampered by sluggish jobs growth, according to a survey released on Friday.
Weyerhaeuser To Sell Two Saskatchewan Mills
Prince Albert, Saskatchewan, Feb. 27---As part of its effort to improve strategic focus and competitiveness, Weyerhaeuser Co. intends to sell two mills in Saskatchewan.
Durable Goods Orders Drop
Washington, DC, Feb. 26--Durable goods orders tumbled in January amid the largest drop in transportation equipment demand since 2002.
Jobless Claims Up
Washington, DC, Feb. 26--Initial jobless claims climbed by 6,000 last week to a seasonally adjusted 350,000, the Labor Department reported Thursday.