Fed's Parry Gives Opinion on Rates
New York, NY, Apr. 12--U.S. interest rates cannot remain at their 1958 lows forever and will have to rise at some point, perhaps to 3.5%, Federal Reserve Bank of San Francisco President Robert Parry said.
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.
Invista to Sell High-Yield Bonds
London, UK, Apr. 13--U.S. fiber manufacturer Invista will sell high-yield bonds worth $575 million next week to fund its acquisition by Koch Industries Inc.
Lowe's to Open New Regional Office
Mooresville, NC, Apr. 13--Lowe's Companies, Inc. plans to open a new regional office in Pensacola, FL.
Sherwin-Williams Expects Higher First Quarter Earn
Cleveland, OH, Apr. 13--Sherwin-Williams Co., on Monday said it expects a bigger than expected quarterly profit.
Home Depot Financial Update
Atlanta, GA, Apr. 13--Home Depot Inc. paid Chief Executive Robert Nardelli $2 million in salary and $4.5 million in bonus in 2003.
Business Inventories Up
Washington, DC, Apr. 13--Inventories at U.S. businesses posted their largest gain in more than three years in February.
Foamex Sets Annual Meeting Date & Location
Linwood, PA, Apr. 12--Foamex International Inc. announced that it will hold its Annual Meeting of stockholders on Tuesday, May 25, 2004.
Retail Sales Log Unexpectedly Big Rise
Washington, DC, Apr. 13--U.S. shoppers turned out in force in March, a Commerce Department report on Tuesday showed, pushing retail sales to their strongest gain in a year.
DuPont to Cut Workforce
Wilmington, DE, Apr. 12--DuPont today announced that it will reduce its global employee workforce, excluding Invista, by 6%, or 3,500 positions.
Lowe's to Open Three Flatbead Distribution Cen
Mooresville, NC, Apr. 10--Lowe’s said Thursday it expects to open three flatbed distribution centers in the year ending Jan. 28, 2005.