Existing-Home Sales Off in December, Set Record in
Washington, DC, January 26--Existing single-family home sales surged in 2004, well above the previous record set in 2003, while the December pace declined from a monthly record in November.
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Centex 3Q Earnings Up 28%
Dallas, Texas, January 26--Homebuilder Centex Corp. reported earnings in the third quarter that rose 28% to $253.8 million, or $1.91 a share, up from $198.7 million, or $1.52 a share, a year earlier.
Solutia Dropping Acrylics Business
St. Louis, MO, January 26--Citing fierce competition overseas, Solutia said it will close its acrylic fibers business, cutting in half, to 250 people, its work force at an Alabama factory as the company presses to emerge from bankruptcy.
Consumer Confidence Index Edges Up in January
New York, NY, January 26--The Conference Board's Consumer Confidence Index, which had improved in December, edged up in January. The Index now stands at 103.4 (1985=100), up from 102.7 in December.
Commerce's Frink Seeks to Cut Regulations to A
Washington, DC, January 25--Al Frink, President George W. Bush's ``manufacturing czar,'' will recommend the government scale back or eliminate environmental, workplace and other regulations to boost the competitiveness of factory owners.
Sherwin-Williams Sees 2005 Meeting Views
Cleveland, OH, January 25—-Paintmaker and retailer Sherwin-Williams Co. said Monday that it forecast full-year earnings in line with current Wall Street expectations.
Indian Carpet Industry Gearing for Global Competit
Badohi, India, January 25--With Indian carpets facing tough competition from global players, the Indian Institute of Carpet Technology (IICT) in Badohi is imparting training on better designing techniques.
European Nylon Producers to Invest in China
Beijing, China, January 25--Two European Nylon producers, Rhodia of France and Radici of Italy, plan to produce PA mixed materials in China, because they have no production facilities there yet, according to the China Construction Project
Remodeling Industry Continues to Grow
Cambridge, MA, Jan. 28--Even with the ups and downs of the broader economy, growth in spending on residential remodeling and repairs has been remarkably steady, with no major downturn since the early 1990s, according to a recent report by The Joint Center
Home Depot Adopts Policy On Holder Rights Plans
Atlanta, GA, January 24--Home Depot said that it may adopt a shareholder rights plan without prior shareholder approval if its board determines that waiting for consent isn't in the company's best interest.