G-P Sells Three Lumber Mills to Allegheny Wood
Atlanta, GA, September 8--Georgia-Pacific has sold three lumber mills to closely held Allegheny Wood Products Inc. for an undisclosed amount as it shifts its focus from hardwood lumber.
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Federated Warns of Earnings Shortfall, Cites Franc
Cincinnati, OH, September 8--Federated Department Stores said that Hurricane Frances is responsible for a shortfall in sales, and with it earnings, for the third quarter.
UK Carpet Company Issues Profit Warning
Kidderminster, England, September 7--Eight years of continuous growth by Kidderminster carpet maker Victoria has come to a halt with a warning that results for the full-year to March 2005 will show a significant shortfall, according to ICBirmington.co.uk.
Retailers' August Sales Weaker Than Expected
New York, September 3--The back-to-school shopping season got off to a sluggish start, as midprice department stores, discounters and specialty-apparel retailers rung up disappointing sales in August.
Reno High Schoolers Offered Construction Trade Cla
Reno, NV, August, August 20--High school students interested in learning about construction trades may register for fall classes at Western Nevada Community College and earn college and high school credits, according to the Reno Gazette-Journal.
New Home Sales Off 6.4% in July
Washington, August 25--The pace of new home sales tumbled for the second straight month in July, dropping by a larger-than-anticipated 6.4% -- the first signs of a slowdown that economists have predicted for the last two years.
Chain Store Sales Up 0.1% Last Week
New York, August 24--Chain store sales rose in the latest week, but business continued to fluctuate from the effects of Hurricane Charley and high gasoline prices, a report said on Tuesday.
Oil Hits New Record
New York, August 18--Crude prices jumped above their previous record high of $46.95 a barrel on Wednesday over lingering concerns in supply from Iraq and Russia.
J.C. Penney Posts 2Q Profit
Plano, TX, August 17-- J.C. Penney posted a second-quarter operating profit, reversing a year-earlier loss, helped by inventory controls and strong department store sales.
Three Proposed for Pergo Board
Trelleborg, Sweden, August 14—Pergo AB announced that proposals have been received to add three new members to the board: