Homebuilder Lennar’s Earnings Up 34%
Miami, FL, December 16-- Lennar Corp., one of the nation's largest homebuilders, posted a 34 percent jump in profit for its fourth quarter as demand for new homes remained strong.
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.
Bed Bath & Beyond Earnings Up 21% in 3Q
Union, NJ, December 16--Bed Bath & Beyond Inc. posted earnings in their third quarter that rose 21 percent on a sales increase.
Forbo Stock Issue Completed
Eglisau/Zurich, Switzerland, December 15- Forbo Holding AG said it has successfully completed its capital increase, raising gross proceeds of 200 mln sfr ($175.3 million) for the further development of its adhesives, belting and flooring businesses.
Armstrong Expands its Residential Vinyl with New D
Lancaster, PA, December 14--Armstrong Floor Products has expanded its offering of resilient residential sheet flooring for home builders and property managers interested in increased design options for their residential customers.
Bill Gates Named to Berkshire Board
Omaha, NE, December 15-- The board of directors of Berkshire Hathaway Inc. voted Tuesday to elect Microsoft Corp. founder Bill Gates to fill the current vacancy left by the July death of Buffett's wife, Susan.
Fed Hikes Rates
Washington, DC, December 14--The Federal Reserve raised its benchmark short-term interest rate Tuesday to 2.25% from 2%, for the fifth quarter-point increase in as many meetings since June.
Bentley Prince Street Receives Governor’s Environm
City of Industry, CA, December 15-- Bentley Prince Street is the recipient of the 2004 Governor’s Environmental and Economic Leadership Award for the State of California, the state’s highest and most prestigious environmental honor.
Business Inventories Up in October
Washington, DC, December 14--Business inventories in the United States increased by 0.2 percent in October, according to a Commerce Department reported released Monday.
Wisconsin Lumber Company Plans Expansion
New London, WI, December 15--Wolf River Lumber Inc. is planning to build a $4.5 million facility and add 58 jobs in New London, according to the Wisconsin Department of Commerce.
INSTALL Provides KoolGlide Training
St. Louis, December 14--Nexicor, inventor of SINCH Carpet Seaming Technology, and the International Standards and Training Alliance (INSTALL) are teaming to train apprentices and journeymen on the use of KoolGlide, a new carpet seaming system recently dev