Manufacturing Growth Slows
Tempe, AR, Mar. 1— Economic activity in the manufacturing sector grew in February for the ninth consecutive month, while the overall economy grew for the 28th consecutive month.
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Construction Spending Slides
Washington, DC, Mar. 1--Spending on new construction slid unexpectedly in January, a Commerce Department report showed on Monday, reflecting continued weakness in commercial building.
Spending, Income Rise
Washington, D.C., Mar. 1--Consumers' spending and income rose in January but the pace slowed. A decrease in taxes helped boost disposable personal income and the personal savings rate.
Home Depot Increases Share Repurchase Program
Atlanta, GA, Feb. 27-- Home Depot's board of directors declared a quarterly cash dividend of seven cents per share and an increase in its authorized share repurchase program of $1 billion.
Mattsson Resigns From Tarkett
Farnham, Quebec, Feb. 27--Tarkett announced today that Ulf Mattsson has resigned as President and CEO of Tarkett Inc. to pursue other interests.
Kohl's 4Q Profit Off 12%
Menomonee Falls, WI, Feb. 27--Kohl's Corp. reported a 12% drop in fiscal fourth-quarter net income, hurt in part by weaker sales at stores open at least a year.
Consumer Sentiment Index Falls
New York, Feb 27--U.S. consumer sentiment fell sharply in February, as Americans turned cautious about the U.S. economy that has been hampered by sluggish jobs growth, according to a survey released on Friday.
GDP Up 4.1% in 4th Quarter
Washington, D.C., Feb. 27--The U.S. economy was a bit stronger in the final three months of 2003 than earlier projected as the government raised its estimates on spending by consumers and businesses.
Weyerhaeuser To Sell Two Saskatchewan Mills
Prince Albert, Saskatchewan, Feb. 27---As part of its effort to improve strategic focus and competitiveness, Weyerhaeuser Co. intends to sell two mills in Saskatchewan.
New-Home Sales Off
Washington, DC—Feb. 26--Demand for new homes fell to the lowest level in eight months in January, but sales didn't drop as far as analysts expected.