Solutia Seeks Approval to Sell Pharmaceutical Unit
St. Louis, October 29--Solutia Inc. is seeking bankruptcy court approval to sell a small, Seattle-based pharmaceutical services division, Axio Research Corp., before the unit is forced to liquidate.
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Steelcase Survey Reveals Corporate Environmental C
Grand Rapids, MI, October 28--The most recent Steelcase Workplace Index Survey conducted by Opinion Research Corporation (ORC) provides a glimpse at environmental perceptions in the workplace.
Jordan's Furniture to open Second IMAX Theatre
Reading, MA, October 27-- Jordan's Furniture, a Berkshire Hathaway company, said the company will unveil its second IMAX theatre as part of a new retail center opening in Reading, MA.
Consumer Credit Off in August
Washington, DC, October 7--Consumers in August pulled back on their borrowing by the largest amount since the end of 1990 as confidence in the economy fell and energy prices surged.
Retailers Welcome Supreme Court Action on Credit C
Washington, October 5--The National Retail Federation today welcomed the U.S. Supreme Court's decision to deny an appeal of a lower-court ruling on whether banks that issue Visa and MasterCard credit cards can also issue competing cards.
Pakistani Carpet Exports Increasing
Lahore, Pakistan, November 16--Carpet exports from Pakistan continue to make steady gains despite a difficult international market situation.
NAR: First Time Buyers Fueling Housing Market
Orlando, FL, November 8--A large pool of first-time homebuyers, who account for four out of 10 home purchases, provide liquidity to the housing market and make it easier for existing owners to trade up or trade down.
What’s Next for Armstrong’s Lancaster Plant?
Lancaster, PA, November 8--Armstrong World Industries took a painful step Thursday, and raised a painful question.
Personal Income & Spending Up September
Washington, DC, November 1--Personal income rose 0.2% after rising a revised 0.3% in August, the Commerce Department said Monday. August personal income was earlier reported as having risen 0.4%.
Weyerhaeuser Buys into Brazilian JV
Federal Way, WA, October 29--Weyerhaeuser said it has acquired a two-thirds ownership in Aracruz Produtos de Madeira S.A., a subsidiary of Aracruz Cellulose S.A. Terms were not disclosed.