Shaw to Open Kansas Distribution Center
Lenexa, KS, Feb. 2--Shaw Industries Inc. will open a carpet distribution center on Monday in Lenexa, the center's operation manager said, according to the Business Journal of Kansas City.
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.
Allied Capital Invests in Nexcel Synthetics
Washington, DC, Jan. 30--Allied Capital Corporation today announced that it has provided $10 million in subordinated debt and $1.69 million in equity capital to Nexcel Synthetics.
Interceramic Posts Record Sales
Chihuahua, Mexico, Jan. 28--Interceramic's consolidated sales for 2003 were $306.4 million, up 2.14% from sales of $300.0 million in 2002.
Koch Industries Subsidiary to Buy Part of Georgia-
Wichita, KS, Jan. 30--A subsidiary of Koch Industries has signed a letter of intent to buy a slice of lumber and paper giant Georgia-Pacific for $610 million.
Credit-Card Sale Gives Sears $2.75B Profit
Hoffman Estates, Jan. 29--Sears, Roebuck & Co. posted a record $2.75 billion profit for the fourth quarter thanks to the sale of its credit-card unit to Citigroup.
Monsanto CEO: A 'Vibrant' Solutia Would Be
St. Louis, Jan. 29--The best outcome from Monsanto's standpoint of Solutia's Chapter 11 bankruptcy proceeding is for the chemical company to emerge as a "vibrant" business that can take care of its obligations, Monsanto Chairman and Chief Executiv
Peninsula Floors and Floor Space Merge
Livermore, CA.Jan. 29--Peninsula Floors, Inc. and Floor Space, Inc. residential contract flooring companies, announced today that they have merged.
Honeywell Posts 4th Quarter Profit On Increased Sa
Morristown, NJ, Jan. 29--Honeywell International Inc. posted a fourth- quarter profit, reversing a year-earlier loss weighed down by asbestos- litigation costs.
Leggett Reports 4th Quarter EPS Of $.30 On Strong
Carthage, Mo, Jan. 28--Leggett & Platt Inc. said fourth-quarter net income rose 21%.
Dow Chemical Posts Profit on Higher Sales, Tax Ben
Midland, MI, Jan. 29--Dow Chemical Co. reported a profit for the fourth quarter, reversing a loss a year earlier, when merger expenses, a big asbestos charge and restructuring costs hurt the bottom line.