Weyerhaeuser Earnings More Than Double in 4Q
Federal Way, WA, January 21--Weyerhaeuser reported a sharply higher profit in the fourth quarter, boosted by increased sales across all of its divisions.
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.
Federated in Talks to Buy May
New York, NY, January 20--Federated Department Stores Inc. is in talks about buying rival May Department Stores Co. in a deal that would create a huge retailer with $30 billion in combined sales and nearly 1,000 department stores.
Hitachi Intros Non-Slip Bathroom Flooring
Tokyo, Japan, January 21--Hitachi House Tech has announced the release of a plastic bathroom flooring product that uses independently developed technology to produce a lattice like pattern of micro sized protrusions on the surface to prevent slipping.
Martha Stewart to Close Web, Catalog Operations
New York, NY, January 20--Martha Stewart Living Omnimedia is closing its money-losing online store and catalog in February, according to a notice posted on the company's Web site.
Two Sport Flooring Companies Merge
Arlington Heights, IL, January 20--Sport Court International and Connor Sports Flooring Corporation have merged to create Connor Sport Court International.
Wood Flooring Plant Planned for Maine
Skowhegan, ME, January 20--Plans are under way in Skowhegan for floor-manufacturing business in Northgate Industrial Park.
Sherwin-Williams Boosts 4Q Forecast
Cleveland, OH, January 20—-Paintmaker and retailer Sherwin-Williams Co. boosted its projected fourth-quarter earnings after sales came in better than planned during the period.
Report: Tarkett Sweden AB to Cut 120 Jobs
Ronneby, Sweden, January 20--According to the Swedish news agency TT Tarkett Sweden AB plans to close down its production facility in Broby, Sweden and transfer parts of the operations to Poland.
Specter Backs $140B Asbestos Bill
Washington, DC, January 20--Senate Judiciary Committee Chairman Arlen Specter said on Wednesday he was proposing a $140 billion fund to compensate asbestos victims and cap the liability of companies paying them damages.
Homebuilder D.R. Horton 1Q Earnings Beat Estimates
Fort Worth, TX, January 20--Homebuilder D.R. Horton Inc. reported first-quarter net income of $241 million, or $1.01 per share, compared with net income of $185.6 million, or $0.78 per share a year earlier.