Domotex Ends on a High Note
Hannover, Germany, Jan. 20--After four years of recession in the German builder market, Domotex Hannover 2004, Europe’s largest floorcovering market, started on a note of “cautious optimism.”
Today's Flooring News
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3M Earnings Top Forecasts
Chicago, IL, Jan. 20--Diversified manufacturer 3M Co. said Tuesday its quarterly earnings rose 21 percent helped by increased productivity and sales and forecast 2004 earnings at the high end of Wall Street analyst estimates.
Factory Jobs Expected to Rise This Year
Washington, DC, Jan. 19--A rebounding factory sector should generate about 250,000 jobs in 2004, barely denting the huge losses it has suffered since its peak, the National Association of Manufacturers said late last week in its annual economic forecast.
Armstrong Names New Distributor
Lancaster, PA, Jan. 19--Armstrong World Industries, Inc., announces the appointment of Cast Products of Elkhart, IN, a nationwide distributor of building products and components to the recreational vehicle and manufactured home markets, to distribute its
This Old House Films Segment At Columbia Flooring
Danville, VA, Jan. 19--Master carpenter Norm Abram of the Emmy Award-winning series, This Old House, visited Columbia Flooring’s Danville, VA engineered hardwood flooring plant on November 24 to film a segment that will premiere on PBS.
Consumer Sentiment Highest Since Nov 2000
New York, NY, Jan. 16--U.S. consumer sentiment surged in early January to its highest level since the recession hit three years ago, as job-seekers expressed hopes that stronger economic growth will lead to better hiring in coming months.
Home Depot Raises Its Profit Target
Atlanta, GA, Jan. 16--Home Depot Inc., the world's largest home improvement retailer, on Friday raised its earnings outlook for 2003 but cut its planned store openings for 2004.
Philadelphia Fed Chairman Upbeat About 2004 Econom
Washington, DC, Jan. 16--The year 2004 will be a "good year" for the US economy, with a "gradual" increase in employment and continued recovery from lean years past, Anthony Santomero, chairman of the Federal Reserve Bank of Philadelphia, said.
Monsanto May Get Some Solutia Liabilities
St Louis, MO, Jan. 15--Monsanto Co. reiterated in its 10-Q filing Wednesday that it may get stuck with some legal liabilities stemming from Solutia's Chapter 11 bankruptcy filing last month.
Dow Chemical Raises Latex Prices
Midland, MI, Jan. 15--Effective Feb. 15, the Dow Emulsion Polymers business is increasing the prices of all latex sold into the carpet industry.