Lowe's Institutes Share Repurchase Program
Mooresville, NC, Dec. 8--The Board of Directors of Lowe's Companies, Inc. has approved a share repurchase program of up to $1 billion effective immediately.
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.
Fashion Is The Rule At Surfaces
Anaheim, CA, Dec. 7--Homeowners are starting to think of their floors as a fashion statement.
Solutia Says Alabama Residents Aren't Owed Mor
St. Louis, MO, Dec. 5--Alabama residents who settled with Solutia Inc. and the old Monsanto Co. in 2001 over polychlorinated biphenyl, or PCB, claims aren't owed any more money for several reasons, the companies claim.
Advanced Adhesives Names VP of Sales
Dalton, GA, Dec. 5--Advanced Adhesives Technologies has named Wade R. Verble their new Vice President of Sales.
CRI Announces Promotions
Dalton, GA, Dec. 5--Werner Braun, president of The Carpet and Rug Institute (CRI), announced today that Ken McIntosh has been named Senior Director for Technical Services for the national trade association.
Unemployment Rate Drops
Washington, DC, Dec. 5--The unemployment rate dropped to an eight-month low in November even as employers slowed the pace of hiring.
Leading Retailers Report Mixed Sales
New York, NY, Dec. 5--Hopes for a robust holiday shopping season faded Thursday after the nation's retailers reported mixed results for the Thanksgiving weekend and all of November.
Analysts Predict Great Year For Online Shopping
Baltimore, MD, Dec. 5--Internet shopping--a fast-growing phenomenon but still a sliver of total retailing--may be seeing a breakthrough this holiday shopping season.
Monsanto: Solutia Remains Obligated Under Distribu
St. Louis, Dec 04--Solutia Inc. has notified Pharmacia Corporation and Monsanto Company that it will not be making approximately $3 million of payments in connection with settlements entered into earlier this year relating to asbestos litigation in Texas.
Wal-Mart's Same Store Sales Up
Bentonville, AR, Dec. 4--Wal-Mart Stores' November same store sales rose 3.9%, even with Wall Street's estimate, but comparable sales growth at both the Wal-Mart and Sam's divisions wasn't as strong as expected.