Armstrong’s UK Plant May Close
Teesside, England, November 30--About 200 manufacturing jobs are under threat at a Teesside flooring factory after staff were warned the local Armstrong World Industries plant may close, according to IC Teesside.
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Personal Spending Up 0.7% in October, Incomes Up 0
Washington, DC, December 1—The Commerce Department reported that consumer spending rose in October as a surge in hiring led to the biggest rise in incomes in five months.
Consumer Confidence Down in November
New York, NY, November 30--The Conference Board’s Consumer Confidence Index, which had declined in October, posted another loss in November.
Bostik Findley, Renamed Bostik
Wauwatosa, WI, December 1-- Bostik Findley, Inc., a leading global manufacturer of adhesives, sealants and lubricants, has changed its name to Bostik, Inc.
Atlanta Magazine Names Myers Carpet “Best in City”
Atlanta, GA, December 1--Myers Carpet’s Atlanta store was named the best place to buy floorcovering by Atlanta Magazine in its “Best of Atlanta 2004” December issue, according to the Dalton Daily Citizen.
Cherokee Carpet Names Eaton CEO
Dalton, GA, November 30--Ann Eaton has been named president and CEO of Cherokee Carpet Industries in Dalton, Georgia.
Chain Store Sales Off Last Week
New York, NY, November 30--Chain store retail sales were off 1.5 percent in the week ended November 27, compared with a 0.8 percent rise in the previous week, the International Council of Shopping Centers and UBS said in a joint report.
Revised 3Q GDP Up 3.9%
Washington, DC, November 30—The economy grew at a more rapid pace during the summer than the government first believed. Gross domestic product increased during the third quarter at a 3.9% annual rate, faster than the 3.7% pace initially estimated, the Com
Average Housing Prices Up 8.5% in October
Washington, D.C., November 30 -- The Federal Housing Finance Board reported today that the national average one-family house purchase price in October was up 8.5% from a year ago.
Bayer Shareholders Approve Lanxess Spin Off Plan
Leverkusen, Germany, November 30--At an extraordinary general meeting on Wednesday, the majority of shareholders in Bayer, the German chemicals and pharmaceuticals company, voted in favour of a spin-off of Lanxess.