Stifel Downgrades Dixie to Hold
New York, NY, May 2, 2007--Analysts at Stifel Nicolaus & Company downgrade The Dixie Group Inc from "buy" to "hold," while reducing their estimates for the company.
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.
Hanley Wood Acquires Two Construction Magazines
Washington, DC, May 2, 2007--Hanley Wood has purchased the assets of Spiderweb Publishing Inc, a privately owned publishing company based in Durham, NC.
Hungary’s Falco Changing Hands
Szombathel, Hungary, May 02, 2007--Ownership of Falco Fiberboard Manufacturing Zrt is changing hands.
Worker Confidence Falls
New York, May 2, 2007--Worker confidence edged lower in April, as the Hudson Employment IndexSM fell 1.5 points to 107.5.
Judge Rules in Favor of Solutia
St. Louis, MO, May 2, 2007--Judge Prudence Carter Beatty today issued a ruling in favor of Solutia Inc. in the JPMorgan bondholder litigation.
Missouri Hardwood Plant Suffers Loss
Pierce City MO, May 2, 2007--Officials with Mid-America Hardwoods Inc. say a fire that destroyed 240,000 board feet in a kiln building will not interrupt the company’s production of hardwood flooring.
Foamex Reverse Stock Split Effective
Linwood, PA, May 1, 2007--Foamex said that, as of the opening of trading on May 1, 2007, its one-for-four reverse stock split will be effective and its new trading symbol will be "FMXL."
Centex 4Q Earnings Drop 49%
Dallas, TX, May 1, 2007--Homebuilder Centex reported fiscal fourth-quarter earnings that dropped 49 percent to $198.9 million, or $1.60 per share, from $391.8 million, or $3.04 per share, in the prior-year quarter.
Vacation-Home Sales Rise to Record
Washington, DC, May 1, 2007--Second-home sales were mixed in 2006, with the combined total of vacation-and investment-home sales accounting for 36 percent of all existing and new residential transactions.
Pending Home Sales Down 4.9%
Washington, DC, May 01, 2007--Pending home sales show sales closed in April are likely to remain soft, with some drag possible in May as well, according to the National Association of Realtors.