Georgia-Pacific 4Q Earnings Off
Atlanta, GA, February 1--Georgia-Pacific reported its fourth-quarter net profit fell by almost half, after it increased funds to cover asbestos lawsuits.
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.
Leggett & Platt 4Q Earnings Up 11%
Carthage, OH, February 1--Leggett & Platt posted an 11 percent increase in fourth-quarter earnings, driven by on asset sales, a lower tax rate, sales growth and full production at its steel mill.
Lanxess Makes Market Debut
Frankfurt, Germany, February 1--Lanxess AG, the spun-off chemicals and polymers business of German drug maker Bayer AG, made its debut on the Frankfurt stock exchange Monday.
Report: May-Federated Talks Hit Snag
New York, February 1—-According to a report in the Wall Street Journal, price appears to be a prime sticking point in Federated Department Stores’ efforts to acquire May Department Stores.
Universal Forest 4Q Earnings Up 38%
Grand Rapids, MI, February 1--Universal Forest Products Inc. reported that its fourth-quarter profit rose 38 percent, helped by higher lumber and chemical prices, and the company expects results to improve in 2005.
U.K. University Developing Smart Floors
London, England, January 31—-Smart floor tiles that sound an alarm when someone falls on them could save lives in fires, according to the Scotsman.com.
Capital Expenditures of OSB Manufacturers to Top $
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
Lowe's Announces $1B Share Repurchase Program
Mooresville, NC, January 31--The board of directors of Lowe's approved a share repurchase program of up to $1 billion, effective immediately.
Robbins Gets Jump on Competitors
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.
Niblock Named Lowe's Chairman, President & CEO
Mooresvillle, NC, January 31--Lowe's announced that company president Robert A. Niblock has assumed the additional roles of chairman and chief executive officer.