Chain Store Sales Off Last Week
New York, NY, August 8, 2006--Chain store sales for the week ended Aug. 5, sales slipped 0.2%. on a week-over-week basis.
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Faus Group Names National Sales Manager
Calhoun, GA, August 8, 2006--Faus Group, Inc., named Richard Gibson as the new national sales manager for their Fausfloor channel of distribution.
Half of Internet Users Visited News Sites in June
Reston, VA, August 7, 2006--comScore Media Metrix today released an analysis of consumer activity at general news sites. More than half of all U.S. Internet users visited sites in the general news category in June.
Editor Calls for Inquiry into Feltex (continued)
--Continued
Martha Stewart Agrees to Pay $195,000
Washington, DC, August 7, 2006--Martha Stewart will pay about $195,000 and cannot serve as the director of a public company for five years under a settlement on insider trading charges announced Monday with the Securities and Exchange Commission.
Hovnanian Trims Guidance
Red Bank, NJ, August 4, 2006--Luxury home builder Hovnanian Enterprises Inc., again cut its quarterly and full-year profit outlook on Friday, citing a slowdown in sales, high contract cancellation rates, and the cost of incentives to lure buyers.
Tennant 2Q Earnings up 37%
Minneapolis, MN, August 2, 2006—Floor maintenance equipment producer Tennant Co. in the second quarter reported a 37% increase in earnings due in part to strong international sales.
Solutia Europe Completes Refinancing of Euro Notes
St. Louis, August 2, 2006--Solutia Inc., announced that its subsidiary, Solutia Europe SA/NV, through its subsidiary Solutia Services International S.C.A./Comm. V.A., has successfully closed on a new EUR 200 million loan due in 2011.
Feltex Directors May Face Legal Action
Wellington, NZ, August 2, 2006--Some of Feltex's larger shareholders may take legal action against directors in the wake of the carpet maker's all but forced take-up of Australian rival Godfrey Hirst's rescue package.
Personal & Spending Up
Washington, DC, August 1, 2006--Personal incomes rose 0.6% in June, outpacing the 0.4% increase in consumer spending.