Solutia Suffers a Loss of $39 Million
St. Louis, MO, Mar. 5--Chemical maker Solutia Inc. lost $39 million, excluding certain one-time charges, between its Dec. 17 filing for bankruptcy reorganization and Jan. 31.
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Centex Jan/Feb Home Sales Rise Over 20%
Dallas, TX, Mar. 5--Centex Corp. said orders at Centex Homes for the first eight weeks of the fourth quarter rose 20.8% from the comparable period a year ago.
CEOs See Steady Improvement, Modest Job Growth
New York, NY, Mar. 04--The Business Roundtable, an association of chief executive officers of large U.S. companies, said the latest quarterly survey of its members show they expect "steady improvement in economic conditions".
Productivity Up
Washington, Mar. 4--The productivity of American workers grew 2.6 percent annual rate in the final three months of 2003.
Mohawk Sees ’04 Capital Expenditures of $140M To $
Calhoun, GA, Mar. 4--Mohawk Industries Inc. said it expects 2004 capital expenditures, excluding acquisitions, to be between $140 million and $160 million.
Women Driving Home Improvement
New York, NY, Mar. 4--The big home-improvement retailers are increasingly focusing on female consumers, and with good reason.
Martha Stewart Posts Profit, Sales Fall
New York, NY, Mar. 4--Martha Stewart Living Omnimedia posted a quarterly profit, compared with a year-earlier loss, but the company said advertising sales continue to suffer.
Federated Boosts 1st Quarter Outlook
Cincinnati, OH, Mar.4--Federated Department Stores reported a better-than-expected 9 percent jump in February sales at stores open at least a year and raised its first-quarter earnings forecast.
Shaw's R2x Stain and Soil Remover a Hit with D
Dalton, GA, Mar. 4--Shaw Industries is reporting an excellent response to its new R2x Stain and Soil Remover.
Fed Notes Slow Job Growth Amid Economic Expansion
Washington, D.C., Mar. 4-- Employment is growing slowly as the U.S. economy continues to expand, the Federal Reserve reported Wednesday.