4Q GDP Revised Up to 1.6%
Washington, DC, February 28, 2006-- The economy grew at a 1.6% annual pace in the fourth quarter, a bit faster than previously thought, while core inflation was a touch lower, according to the Commerce Department.
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January Existing-Home Sales Off 2.5%
Washington, DC, February 28, 2006--Sales of existing homes, including single-family, townhomes, condominiums and co-ops, declined 2.8 percent to a seasonally adjusted annual rate1 of 6.56 million units in January.
Lowe's 4Q Earnings Up 36.8%, Tops Estimates
Mooresville, NC, February 27, 2006--Lowe's today reported fourth quarter net earnings that increased 36.8 percent to $695 million over the same quarter of the prior year.
Surfaces 2006 Sets New Attendance Record
Dallas, TX, February 27, 2006--Hanley Wood has said that Surfaces 2006 was a record setter. The company said that 40,588 retailers, manufacturers, distributors, architects, designers, builders and installers.
Armstrong Narrows Operating Loss in 4Q
Lancaster, PA, February 24, 2006--Armstrong Holdings, Inc., today reported an operating loss of $10.1 million for the fourth quarter of 2005 compared to an operating loss of $134.8 million in the fourth quarter of 2004.
Mohawk 4Q Earnings Off on Unilin Acquisition Charg
Calhoun, GA, February 23, 2006--Mohawk Industries reported fourth-quarter earnings that declined on charges related to the company's acquisition of Unilin.
Interface Posts 4Q Profit
Atlanta, GA, February 22, 2006—Interface in the fourth quarter of 2005, after charges, reported net income of $5.7 million, or $0.11 per diluted share, compared with a net loss in the fourth quarter of 2004 of $4.4 million, or $0.08 per diluted share.
New Orleans Rebuilding Plan Taking Shape
New Orleans, LA, February 21, 2006--Long-awaited plans to rebuild New Orleans and compensate hundreds of thousands of hurricane victims took shape on Monday.
Home Depot 4Q EPS Up 27.7%
Atlanta, GA, February 21, 2006--Home Depot reported diluted earnings per share in the fourth quarter that rose 27.7 percent to a record $0.60 on net earnings of $1.3 billion, compared with $0.47 on net earnings of $1.0 billion reported for the same period
Pergo Swings to Profit for 2005
Stockholm, Sweden, February 20, 2006--Pergo this morning reported its financials for the year 2005 and the fourth quarter. The company reported earnings after tax for the year of SEK 166 million (US$21.2M) verses a loss of SEK 196 million (-US$25 M).