Liveris To Become Dow Chemicals CEO
Midland, MI, August 2--Dow Chemical Co. has named Andrew N. Liveris, CEO. He had been president and COO.
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Home Depot Workers Reject Bid to Unionize
Harper Woods, MI, August 2--Home Depot Inc. workers at a suburban Detroit store rejected a bid to be represented by a labor union, a National Labor Relations Board official said on Saturday.
Manufacturing Activity Grows in July
Tempe, AZ, August 2--Manufacturing expanded for the 14th consecutive month in July, boosted by new orders and higher production, the Institute for Supply Management said Monday.
Construction Spending Off 0.3% in June
Washington, August 2--The Commerce Department said total construction spending in June fell 0.3%, the first decline since January, to a seasonally adjusted annual rate of $985.16 billion.
Unifi to Close European Manufacturing Operations
Greensboro, NC, July 30--Unifi, Inc. announced that, as of November 2004, its European operations will focus solely on the sales, distribution and service of textured yarn.
GDP Growth Slows to 3%
Washington, DC, July 30--Economic growth decelerated to a slower-than-expected pace in the second quarter as consumer spending fell to its weakest rate since the recession three years ago.
Kronotex Breaks Ground for Laminate Plant
Barnwell, SC, July 30--With continued success and growth in the U.S. market, Kronotex USA is responding to product demand by breaking ground on its first U.S.-based manufacturing facility.
Shell & BASF Set to Sell $6B Plastics Business
London, England, July 30--Shell and BASF, the German chemical company, are preparing to sell Basell, a $6 billion (£3.3 billion) global plastics business, marking the first strategic move for the Anglo-Dutch oil company since becoming mired in its oil res
Target to Sell Mervyn's for $1.65B
Minneapolis, July 30—Target Corp. said it will sell its struggling Mervyn's discount department-store chain to a group of private-investment firms for about $1.65 billion.
Wife of Warren Buffett Dies After a Stroke
Cody, WY, July 30--Susan T. Buffett, 72 years old, wife of Warren E. Buffett and a director of his investment empire, Berkshire Hathaway Inc., died from a stroke yesterday in Cody, Wyo., where she and Mr. Buffett were visiting friends.