NAR: Housing Market Expected to Coast From Record
Washington, DC, October 8--After setting unprecedented highs this year, home sales should ease but remain historically strong, according to the National Association of Realtors.
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.
Pulte Warns on Q3 Earnings
Bloomfield Hills, MI, October 5--Pulte Homes Inc. on Monday warned third-quarter earnings from continuing operations would fall short of its earlier forecast.
Lowe's 3Q Earnings Up 15.5%
Mooresville, NC, November 15--Lowe's today reported net earnings of $522 million for the quarter ended October 29, 2004, a 15.5 percent increase over the same period a year ago.
Hurricane Losses Drive Berkshire Q3 Results Down 3
Omaha, NE, November 8--Berkshire Hathaway, the holding company run by Warren Buffett, said late Friday that third-quarter net income fell 37 percent after hurricane losses at its insurance divisions.
Asbestos Bill May Get New Push
New York, NY, November 8--Business lobbyists are confident they will now be able to win congressional approval for legislation to end asbestos litigation, according to a published report.
Pace of Factory Growth Slows in Oct
Tempe, AZ, November 1-- The pace of growth at U.S. factories slowed in October. The Institute for Supply Management said its index of national manufacturing activity fell to 56.8 in October from 58.50 in September.
Foamex Names Lieberman to its Board
Linwood, PA, October 29-- Foamex has named David A. Lieberman to the company's board of directors. Lieberman will also serve on the board's audit committee.
Carpetright to Open in Debenhams Locations
Rainham, England, October 27--Floor coverings retailer Carpetright yesterday reported a near 9 per cent leap in first-half sales and said it would soon be opening in Debenhams stores.
Costco Beats Q4 Earnings, Misses Sales
Issaquah, WA, October 7--Costco Wholesale beat analyst expectations for its fiscal fourth quarter profit but missed expectations on sales.
Report: Federated Looking to Sell Credit Card Port
Cincinnati, OH, November 15-- Federated Department Stores Inc. is looking to sell its credit card portfolio for about $3 billion, according to a New York Post report.