Moody's Downgrades Home Depot Ratings
New York, NY, July 27, 2007-- Moody's Investors Service downgraded all ratings on Home Depot and left all ratings on review for further possible downgrade.
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Homebuilder Meritage Post 2Q Loss
Scottsdale, AZ, July 27, 2007--Meritage Homes reported a loss in its second quarter after the homebuilder booked major charges to write down the value of unsold inventory.
Moszkowski Named Interim CEO at Fieldturf Tarkett
Montreal, Quebec, July 27, 2007--FieldTurf Tarkett has named David Moszkowski interim CEO, executive vice president, following the sudden death of John Gilman.
Interface Earnings Off in 2Q on Fabric Sale
Atlanta, GA, July 25, 2007—Interface Inc. in the second quarter reported earnings that fell 83% to $998,000, or $0.02 a share, from $5.89 million, or $0.11 a share, a year earlier, reflecting the company's sale of its fabrics division.
So What Happened to the Armstrong Auction?
New York, NY, July 25, 2007--Is anyone still interested in buying Armstrong World Industries?
New Home Sales Off 6.6% in June
Washington, DC, July 26, 2007—New Home sales in June fell 6.6 percent to an annual pace of 834,000, according to the Commerce Department said today in Washington.
Tarkett 2006 Earnings Up 4.5%
Paris, France, July 26, 2007--The Tarkett Group said its net profits grew 4.5% in 2006, despite costs associated with reorganizing its operations in the U.S. and Western Europe, and challenging economic conditions.
Wear-Dated Enhances Website
St. Louis, MO, July 24, 2007 -Wear-Dated Rewards for Life participants will now benefit from expanded options at the new WearDatedRewards.com website.
Jobless Claims Off 2,000
Washington, DC, July 27, 2007--Applications for initial jobless claims fell by 2,000 to a seasonally adjusted 301,000 for the week ended July 21, falling for three consecutive weeks, according to the Labor Department.
Durable Goods Orders Up 1.4%
Washington, DC, July 26, 2007—Orders for durable goods rose by 1.4% in June, according to a report from the Commerce Department.