Closing of Invista Deal Delayed
Pound Ridge, NY, Mar. 16--The target date for closing Koch Industries Inc.'s $4.4 billion purchase of Invista from the DuPont Co. has been moved to April 30 from the end of March, according to Delawareonline.com.
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Armstrong May Lay Off More Lancaster Plant Workers
Lancaster, PA, Mar. 15--Another large layoff might be looming at the Lancaster floor plant of Armstrong World Industries, threatening an estimated 175 jobs, according to the Lancaster New Era.
Economists Still Optimistic
New York, NY, Mar. 12--Many economists admit they are stumped by the question of why the expanding U.S. economy isn't churning out lots of new jobs, as it did so faithfully in the 1990s
Retail Sales Rise
Washington, DC, Mar. 11--U.S. retail sales posted their biggest gain in three months during February, driven by strong demand for motor vehicles.
Slow Job Gains to Hold Interest Rates, Help Home S
Washington, DC, Mar. 9--Even with strong economic growth, the job market recovery has been slow, which should help to keep pressure off of interest rates and sustain home sales, according to the National Association of Realtors.
Berkshire Hathaway/Shaw Have Good Year
Omaha, NE, Mar. 6--Berkshire Hathaway reported that fourth-quarter net income more than doubled.
Ulster Carpet Mills CEO to Step Down
Craigavon, Northern Ireland, Mar. 5—Mike Mills, chief executive of Ulster Carpet Mills, is stepping down after 15 years.
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Armstrong Reports 4th Quarter Results
Lancaster, PA, Mar. 5--Armstrong Holdings, Inc. today reported fourth quarter 2003 net sales of $805.8 million that were 7.1% higher than fourth quarter net sales of $752.1 million in 2002.
DuPont Clarifies Profit Outlook
Wilmington, DE, Mar. 4--Between 13 percent and 41 percent of the 2004 profit increase previously forecast by the DuPont Co. will result from an accounting adjustment related to the pending sale of Invista.