New Home Sales Off
Washington. Dec. 24--Sales of new homes sank about 2.4 percent to a seasonally adjusted annual rate of 1.08 million, the Commerce Department estimated Wednesday.
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.
Last Shopping Weekend Before Christmas Disappoints
New York, NY, Dec. 22--The critical last weekend before Christmas didn't deliver the sale bonanza merchants were hoping for.
Lowe's Names SVP Of Distribution
Mooresville, NC, Dec. 23--Lowe's Companies, Inc. announced the appointment of Michael Mabry as senior vice president of Distribution.
Personal Spending Up
Washington, DC, Dec.23--Personal spending rose in November, the government said Tuesday, falling short of Wall Street forecasts, as the holiday shopping season got off to a slower start than expected.
Invista Eyes Relocation
Wilmington, DE, Dec. 22--DuPont's Invista fibers unit said it might relocate its headquarters once its sale to Koch Industries Inc. closes in the first half of 2004,
Home Depot Tries Mid Range Stores
Brea, CA, Dec. 23--The Home Depot store on Imperial Highway in this Orange County city looks like your typical warehouse-style home improvement center from the outside.
Bayer Expects To Show Slight Loss For 2003
Frankfurt, Germany, Dec. 22--Bayer AG said Monday that it will take charges in the fourth quarter exceeding €2.2 billion ($2.7 billion), mainly because of the recently announced partial splitoff of its chemicals and polymers businesses.
Solutia Bankruptcy Background
St. Louis, MO, Dec. 21--Solutia Inc. will need to attack more than its environmental and retiree health care liabilities to fix its financial problems, according to the St. Louis Post-Dispatch.
Federated Taps Chief of Burdines Division
Cincinnati, OH, Dec. 20--An executive who joined the Miami-based Burdines division of Federated Department Stores Inc. last year has been appointed its president and chief operating officer.
Economy Will Boost Commercial Real Estate In 2004
Washington, DC, Dec. 19-–Occupancy rates in the office, retail, warehouse and multifamily real estate markets can be expected to improve gradually over the next two years, according to the National Association of Realtors.