Homebuilder Ryland 3rd Quarter Earnings Up 34%
Calabasas, CA Oct. 21--Ryland Group's third-quarter net income jumped 34%, as the market for new homes remains strong.
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Louisiana-Pacific 3rd Quarter Earnings Up Sharply
Portland, OR, Oct 22--Wood products maker Louisiana-Pacific Corp. said its third-quarter profit rose sharply, driven by strong demand and prices on wood panels used in homebuilding.
DuPont Reports 3rd Quarter Loss on Charges & High
Wilmington, DL, Oct. 22--DuPont Co. swung to a loss in the third quarter on special charges, higher raw material costs and noncash pension and stock-option expenses.
Solutia Bondholders Open To Restructuring Plan
St. Louis, Oct 21--Solutia Inc. bondholders appear to be open to the company's plan to restructure $1.25 billion in debt, announced last week.
UK’s Brintons To Launch Industry-Changing Loom
Kidderminster, UK, Oct. 20--Brintons, one of Britain's biggest carpet makers, says it's close to unveiling a machine that could change the economics of the industry.
3M's Earnings Up 22 Percent
St. Paul, MN, Oct. 20- 3M Co.'s third-quarter profit rose 22%, driven by cost-cutting measures and improved productivity as six of its seven businesses saw higher sales volumes.
Leading Indicators Decline
New York, Oct 20--An index designed to foreshadow movements in overall economic growth slipped in September, suggesting that the U.S. economic recovery has slowed from its red-hot third-quarter pace, but isn't about to stall, as reported in the Wall S
Louisiana-Pacific Sells Timberland for $290 Millio
Portland, OR, Oct. 20--Louisiana-Pacific Corp. sold about 463,000 acres of timberland located in southeast Texas for $290 million, bringing to a close the timberland portion of its divestiture program.
North Carolina Lawmakers Scope Out High Point Mark
High Point, NC, Oct. 21--State legislators strolled through High Point's three largest showrooms Friday at the International Home Furnishings Market according to the High Point Enterprise.
Armstrong Offers Employee Stock Ownership Settleme
Lancaster, PA, Oct. 17--Armstrong World Industries Inc. has agreed to pay $1.5 million to end a two-year dispute with the U.S. Department of Labor over the company's employee stock ownership plan, an Armstrong filing says.