Consumer Prices Off For First Drop in Seven Months
Washington, DC, Dec. 16--Consumer prices fell for the first time in seven months in November.
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Pleas Made to Take Judge Off Bankruptcy Case
Philadelphia, PA, Dec. 16--A federal appeals court heard arguments on Friday over whether it should order the district court judge overseeing the asbestos-related bankruptcy cases of five large companies to step aside.
Armstrong Sells Land In Lancaster
Lancaster, PA, Dec. 15--A vacant city tract has a new owner but not a new use, as yet. Lancaster developer Robert A. Wolf II this week completed his purchase of a nearly 15-acre site from Armstrong World Industries for $1.5 million.
BASF To Acquire Ticona’s Nylon 6,6 Engineering Pla
Ludwigshafen, Germany, Dec. 16--BASF and Ticona, the technical polymers business of Celanese AG, have reached an agreement under which BASF will acquire the nylon 6,6 business of Ticona.
Manufacturing Activity Up in New York State
New York, Dec. 15--The Empire State Manufacturing Survey indicates that conditions for New York manufacturers improved substantially in December.
Utah Furniture Dealer Enlists Aid of Turnaround Fi
Salt Lake City, UT, Dec. 13--Jim Taggart figured well-known Utah retailer Granite Furniture Co. was facing major problems when he got a call from Roger Richards, the grandson of its founder.
Wholesale Prices Fall
Washington, DC, Dec. 12--Wholesale prices retreated by 0.3% in November, pulled down by falling costs for gasoline, beef and cars, suggesting that the economy's resurgence isn't fanning inflation.
Residential Remodeling Still Strong
Washington, DC, Dec. 12--Professional remodelers continued to enjoy strong demand for their services in this year’s third quarter, and most expect healthy business activity throughout the next several months.
Trade Practices Hurt Companies
Columbus, OH, Dec. 12--Manufacturing could cease to exist unless trade practices and rising energy and health care costs are addressed, according to participants in yesterday's Ohio Manufacturing Summit, as reported by the Columbus Dispatch.
China May Restrict Retailers
Beijing, China, Dec. 11--China is contemplating new regulations that could restrict the expansion of large foreign retailers such as France's Carrefour SA and the U.S.'s Wal-Mart Stores Inc.