| Don’t Knock It Maybe it’s the chill that has descended over the world’s economy, but the warmth of wood especially plywood is looking mighty inviting. Mind you, this isn’t a sudden development: wood has been making a comeback in the furniture world for some time. Still, there’s something about the simplicity of plywood, and its throwback to Modernist idealism, that suits our craving for plain but honest and elegant furnishings right now. nytimes.com |
Report: Steelcase plans to open third plant in Mexico Steelcase Inc. said Wednesday it will open a new chair-manufacturing plant in Reynosa, Mexico, by early next year, just weeks after announcing plans to shut down its big Pyramid office building in Gaines Township. topix.com |
Upgrades: MAS, ADBE, CCL This morning, KeyBanc initiated coverage on shares of Masco with a Buy rating as the firm believes the housing slump has officially bottomed in North America. topix.com |
Zacks Analyst Blog Highlights: PPG, Sherwin Williams Weyerhaeuser, Masco and Berkshire Hathaway Sales in the Northeast were up 7.9% for the month and up 17.1% year over year. The Northeast is the most expensive area of the country when it comes to housing, with a median price of $244,300, although that is down 1.2% from a year ago. topix.com |
Deal brings $1.75 billion in assets CI Financial Corp. will acquire the Canadian mutual funds business of The Hartford Financial Services Group, Inc. topix.com |