Armstrong Holdings Inc. has announced that Marc R. Olivie, 47, president and CEO of Armstrong Floor Products, will resign from the company effective April 30.
DuPont said it will further align resources consistent with the specific missions of its individual businesses. These actions will reduce the company's global employee workforce by about 4,000, or 4%. DuPont will also reduce the number of contract personnel by about 1,300 and shut down less competitive manufacturing assets.
Beset by a year ending with weaker sales and escalating raw material and energy costs that took a toll on profitability, Armstrong Holdings Inc. has reported its financial results for the fourth quarter and full year of 2000.
Sales of existing single-family homes dipped slightly in February from the strong pace of the month prior, but remain at exceptionally high levels, according to the National Association of Realtors (NAR).
HomeBase Inc. says it will modify its House2Home expansion program and now plans to have a total of 42 House2Home stores open by the end of July 2001, rather than 67 stores by the end of November 2001, as previously announced.
Formica Corp. reported that the company’s net sales for 2000 increased $167.1 million, or 27.5%, to $773.7 million vs. $606.6 million for the same prior year period.
Courtney A. Gould, chairman of the Misco Shawnee distributorship, died in his sleep from a cerebral hemorrhage at Eisenhower Memorial Hospital in Rancho Mirage, Calif. on March 22. He was 85.
Despite clear indications that the U.S. economy has weakened, the nation’s conventional housing market is expected to remain relatively healthy in the coming year, according a new Standard & Poor's report "U.S. Homebuilders' Outlook for Credit Quality."
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