December Existing Home Sales Up
Washington, DC, Jan. 27--Sales of existing single family homes rose in December while 2002 set a new annual record, according to the National Association of Realtors.
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.
DuPont Profits Lower In Fourth Quarter
Wilmington, DE, Jan. 28--DuPont Co. had a sharp drop in fourth quarter profit on depressed chemical demand and higher energy costs. The company is seeing "modest growth" in many of its businesses, but still expects first quarter earnings before one time i
Martha Will Stay
New York, NY, Jan. 27--Martha Stewart, in her first public comments in months about the probe into the sale of her stake in ImClone Systems, told the New Yorker magazine she has no plans to leave her company.
Consumer Confidence Down
New York, NY, Jan. 22--Consumer confidence in the U.S. economy slipped last week, according to the latest ABC News/Money Magazine poll. The consumer comfort index fell 6 points to negative 27 in the week ended January 19, from negative 21 a week earlier.
OWA Names D’huyvetter’s Successor
Dalton, GA, Jan. 24--Oriental Weavers of America has named Steve Stultz to fill the position held by Paul D’huyvetter, who passed away November 15.
Cargill Dow Develops Synthetic Fiber From Corn
New York, NY, Jan. 22—Ingeo, a new fiber brand concept from Cargill Dow, is based on technology that allows manmade fibers to be derived from renewable resources. Ingeo, pronounced "in-gee-o," is a brand whose name literally means "ingredients from the ea
Kmart Files Reorganization
Troy, MI, Jan. 27--Kmart Corp. has filed its reorganization plan in federal bankruptcy court, saying its turnaround will be bankrolled primarily by two investors. The five year plan calls for a return to profitability in fiscal 2004 and focuses on Kmart b
Sales and Profits Up For Weyerhaeuser
Seattle, WA, Jan. 23--Weyerhaeuser Co. had fourth quarter profits of $126 million, or 57 cents a share, compared to a loss of $15 million or 7 cents a share, for the same period a year ago.
Kmart Working On Reorganization
Troy, MI, Jan. 24--Kmart is negotiating 24 hours a day with its creditors over the company's plan of reorganization, but intends to file the plan Friday regardless of whether the parties come to an agreement on every point.
Home Depot Looks To Reposition Expo
Atlanta, GA, Jan. 22--Expo Design Center, the Home Depot division aimed at high end remodeling projects for higher income customers, is looking to broaden its customer base as a way to increase sales, according to the Atlanta Journal Constitution.