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.
Houston, TX, January 31-- Researched by Industrialinfo.com (Industrial Information Resources Incorporated; Houston). Wood products producers in the U.S. and Canada are planning to invest over $1.1 billion in oriented strand board (OSB) manufacturing asset
Mooresville, NC, January 31--The board of directors of Lowe's approved a share repurchase program of up to $1 billion, effective immediately.
Cincinnati, OH, January 31--Jay Stoehr calls it "the bomb shelter." But National Basketball Association players and insiders might know it better as the birthplace of their playing courts, according to the Cincinnati Enquirer.
Mooresvillle, NC, January 31--Lowe's announced that company president Robert A. Niblock has assumed the additional roles of chairman and chief executive officer.
Atlanta, GA, January 27—Home builder Beazer Homes USA reported fourth quarter earnings that rose 48 percent, as strong overall housing demand and higher prices offset declines in Arizona and Nevada.
Fairlawn, OH, January 27--OMNOVA Solutions reported a loss of $14.7 million, or $0.36 per diluted share, for the fourth quarter of 2004, compared to a loss of $61.3 million, or $1.53 per diluted share, during the fourth quarter of 2003.
Washington, DC, January 27—-Durable goods orders increased 0.6 percent in December, despite large declines in civilian aircraft and defense goods, the Commerce Department said Thursday.
New York, January 28--The Conference Board’s Help-Wanted Advertising Index – a key barometer of America's job market – increased two points in December.
Hoffman Estates, IL, January 28—Sears reported an 86 percent drop in fourth-quarter net earnings Thursday after shedding its profitable credit-card unit a year earlier, its results now solely dependent on sagging retail sales.
Midland, MI, January 27--Dow Chemical posted a 10 percent increase in fourth-quarter net profit on Thursday, beating expectations, as it benefited from higher prices.