Armstrong to Close Tennessee Cabinet Plant
Morristown, TN, December 8--Armstrong Cabinets will discontinue production of cabinet products at its facility in Morristown beginning in February 2005, according to the Morristown Citizen Tribune.
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Lowe's' Tillman To Retire January 28
Mooresville, NC, December 8--Lowe's Chief Executive and Chairman Robert Tillman will retire from his positions Jan. 28 and will be succeeded by President Robert Niblock, according to the company's quarterly report.
Hovnanian 4Q Profit Up 47%
Red Bank, NJ, December 8—Homebuilder Hovnanian Enterprises reported fourth-quarter earnings that rose 47 percent despite lowered expectations due to severe weather in California that delayed home construction.
UK’s Low & Bonar Finalize Acquisition
London, England, December 8--Low & Bonar announces the acquisition of the entire issued share capital of LCM Construction Products Ltd (trading as Adfil) for a consideration of up to £12.8 million in cash.
Consumer Debt Up in October
Washington, DC, December 8--Consumers took on more debt in October, the Federal Reserve said.
OMNOVA Solutions Implements Lockout at Jeannette P
Fairlawn, OH, December 7--OMNOVA Solutions has implemented a lockout of employees represented by United Steelworkers of America Local 22R at its Jeannette, Pennsylvania facility.
InterfaceFLOR Intros FLOR Groks
Chicago, IL, December 7--InterfaceFLOR has introduced FLOR Groks – a one-of-a-kind, direct-to-consumer, communication tool, which is available on interfaceflor.com.
Home Depot to Close Georgia Lighting
Atlanta, GA, December 7—Home Depot will close Georgia Lighting, a provider of high-end decorative lighting fixtures, plumbing and antiques. Home Depot acquired Georgia Lighting and its six stores in 1999.
Armstrong Cuts to Yield Savings
Lancaster, PA, December 7---Armstrong World Industries will save much more than it costs to lay off the latest round of ill-fated workers, the company has disclosed.
3Q Productivity Up 1.8%
Washington, DC, December 7-- Productivity grew at a seasonally adjusted annual rate of 1.8% in the third quarter, down from the initial estimate of 1.9%, for the lowest rate since the fourth quarter of 2002, according to a Labor Department.