Manufacturing Sector Keeps Growing
New York, NY, Feb. 4—For the third straight month, the nation's manufacturing sector grew, though at a slower pace, as worries about a war with Iraq dampened optimism.
Today's Flooring News
Keep up to date with the most recent news in the flooring industry. Today's News...As it happens! We update this news several times a day so you can stay connected.
Victoria Partners with Elite Carpets
London, England, Feb. 4--The Victoria P.L.C. announced the formation of a new business relationship in Canada, acquiring all of the shares it did not own in the Canadian company, Colin Campbell & Sons Limited.
Construction Spending Up
Washington, DC, Feb. 3--Construction spending jumped 1.2% in December.
Foamex Names New CFO
Linwood, PA, Feb. 4--Foamex International has named K. Douglas Ralph executive vice president and chief financial officer, effective immediately.
Consumer Spending Up
Washington, DC, Jan. 31—Consumers increased their spending in December by 0.9%, the largest increase in five months, giving the struggling economic recovery a helping hand. The increase came after a 0.4% advance in November and marked the biggest increase
Interceramic Has Record Year
Chihuahua, Mexico, Jan. 31—Interceramic posted another record year with sales topping $300 million, a 4.15% increase from $288 million a year ago. Increased operating expense incurred to support that sales growth took a bite out of the firm’s operating ma
Honeywell’s Revenues Flat In Fourth Quarter, Down
Morris Township, NJ, Jan. 31--Honeywell had revenues in the fourth quarter of $5.9 billion, flat versus the same period in 2001. Ongoing earnings per share were $0.50, compared with of $0.55 in the fourth quarter of 2001
Tandus Names New Monterey President
Dalton, GA, Feb. 3--Tandus Group, Inc. has named Ralph Grogan president of Monterey Carpets, according to Mac Bridger, CEO of Tandus. Grogan will be responsible for all business operations at Santa Ana, California based Monterey.
Economy Slows
Washington, DC, Jan. 30--The U.S. economy slowed in the final quarter of 2002, growing at an annual rate of just 0.7%. The small rise in gross domestic product came after the economy grew at a 4% rate in the third quarter, according to the Commerce Depart
Dow Reports Loss
Midland, MI, Jan. 30--Dow Chemical had a net loss of $809 million, or $0.89 a share, compared with a net loss of $37 million, or $0.04 a share, a year ago. Excluding one time items, Dow reported a loss of $0.18 a share