The Commerce Department has reported that sales of new
single-family homes rose 4.7 percent to a record 1.160 million annual rate,
surprising analysts who had expected sales to slip to a 1.120 million rate.
Burlington Industries
Inc. has announced an agreement with WL Ross &
Co. LLC by which Ross' $608 million acquisition proposal has been designated the best of several bids received in connection with the sale
process approved last May by the court in its reorganization proceedings.
The Commerce Department reported that new orders
for durable goods -- costly manufactured products expected to last at least
three years -- increased by a solid 2.1 percent in June from May.
Southern TIle Distributors Inc., with warehouses in both Norfolk and Richmond, will celebrate 50 years of service Aug. 16 at the Norfolk Waterside Marriott Hotel, to be attended by employees, family, retirees, invited vendors and friends.
Anderson Hardwood Floors has announced the appointment of Gilford Flooring of Jeffersonville, Ind., to distribute Anderson's Appalachian and selected handcrafted flooring in Kentucky, Ohio and Indiana.
The second quarter of
2003 -- traditionally the slowest quarter of the year for Interceramic -- saw a slight sales increase from the same period in 2002, but
not up to the company's expectations for the quarter, according to Interceramic.
Burlington Industries Inc. announced that it had received several proposals in connection with the sale process approved last May by the court in its reorganization proceedings.
Mohawk Industries Inc. announced it has entered an agreement with W. L. Ross & Co. to acquire the assets and assume certain liabilities of the carpet division of Burlington Industries Inc. (Lees Carpet).
RSS