Mortgage applications increased 1.7 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending November 15, 2024. The Market Composite Index, a measure of mortgage loan application volume, increased 1.7 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, […]
ATCO EnPower and CPKC Complete Construction of Two Hydrogen Production & Refuelling Stations in Alberta
ATCO EnPower, a division of Canadian Utilities Limited, and Canadian Pacific Kansas City (CPKC) said construction of hydrogen production and refuelling facilities in Calgary and in Edmonton is now complete and the facilities are fully operational. As part of its innovative Hydrogen Locomotive Program, CPKC is retrofitting a number of diesel locomotives with hydrogen fuel cells so […]
Tractor Supply and Make-A-Wish of Middle Tennessee Fulfill 25th Wish in Honor of Milestone Anniversary
13-year-old cystic fibrosis patient granted art barn as part of Make-A-Wish of Middle Tennessee’s 25 th anniversary celebration Tractor Supply Company, the largest rural lifestyle retailer in the United States, and Make-A-Wish Middle Tennessee announced the completion of their 25th collaborative wish reveal, coinciding with the beginning of the nonprofit’s 25th anniversary year. This milestone wish – […]
ATCO Australia Selects GE Vernova for Hydrogen-Capable Turbines for South Australia Government’s Hydrogen Jobs Plan
ATCO Australia, a division of Canadian Utilities Limited, announced that as part of its partnership with the South Australian Government to deliver the world-leading Hydrogen Jobs Plan project, it has awarded GE Vernova the supply of the LM6000* gas turbine, included in the GE Vernova LM6000VELOX* packaged solution for the Whyalla hydrogen power plant. The […]
Bassett Announces Additional Cost Structure Reductions and Updates Progress on Restructuring Plan
Bassett Furniture Industries, Inc. announced certain work force reductions designed to both streamline operations and better match the Company’s cost structure to the current rate of business. Through a combination of layoffs and retirements throughout the organization, this workforce reduction will result in approximately $2.5 million in annual savings. Including this action, Bassett has reduced its headcount by 11% […]
IBB Votes to Ratify New Collective Labor Agreement with BNSF Railway
Roughly 17% of railroad’s union workforce now covered under ratified labor agreements BNSF Railway, in partnership with The International Brotherhood of Boilermakers (IBB), announced today members of the labor union have voted to ratify a new five-year, collective bargaining agreement with the Class I railroad. The agreement gives covered employees unprecedented certainty about upcoming enhancements […]
RoyOMartin-Plywood Marks Timber Mill’s 10th Anniversary
In November 2014, the first truckload of timbers rolled out of RoyOMartin-Plywood’s new solid wood timbers mill in Chopin, Louisiana. This facility, an extension of the existing plywood plant’s log-merchandiser department, manufactures landscape, 4×4, 5×5, and 6×6 timbers, and boards in various lengths. The company celebrated 10 years of making quality solid wood timbers. Congratulations […]
U.S. Census Bureau: Monthly New Residential Construction, October 2024
The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential construction statistics for October 2024: Building Permits Privately-owned housing units authorized by building permits in October were at a seasonally adjusted annual rate of 1,416,000. This is 0.6 percent below the revised September rate of 1,425,000 […]
1847 Announces Transformative Initiatives in the First Nine Months of 2024, Reports Third Quarter 2024 Financial Results and Provides Business Update
Achieves 6.3% Revenue Growth for the First Nine Months of 2024 Compared to 2023 1847 Holdings LLC (“1847” or the “Company”), a holding company specializing in identifying over-looked, deep value investment opportunities in middle market businesses, provided a business update and reported financial results for the third quarter ended September 30, 2024. Q3 2024 Highlights and […]
La-Z-Boy Incorporated Reports Strong Second Quarter Results
La-Z-Boy Incorporated, a global leader in the retail and manufacture of residential furniture, reported strong second quarter results for the period ended October 26, 2024. For the quarter, sales totaled $521 million, growing 2% against the prior year comparable period. Operating margin was 7.4% for the quarter on a GAAP basis and 7.5% on a Non-GAAP(1) basis. Diluted earnings […]