Nov 24- Activist investor Sandell Asset Management Corp said its nominees were not elected to Ethan Allen Interiors Inc's board, dealing a blow to the hedge fund's intense, four-month effort to drive changes at the storied home furniture company. Tuesday's early results hand a victory to Ethan Allen's long time CEO, Farooq Kathwari, who has led the company in...» Read More
Oct 7- General Electric Co said on Wednesday it had started a company to focus on energy efficiency to help corporate and other customers lower their energy bills and better manage power distribution. The company, which will be run by Maryrose Sylvester, who has been president of GE Lighting, will begin with $1 billion in revenue, and is expected to grow to $5...
NEW YORK, Sept 25- Early in August, a call came into Sysco Corp from Trian Fund Management LP, warning the food distributor that the activist hedge fund was about to disclose a large stake in the company. Trian, run by veteran investor Nelson Peltz, unveiled its 7.1 stake in Sysco on Aug. 14, and asked for board representation and for the Houston- based company to improve...
*Nigeria imposes forex controls, bans import of 680 items. Many items on the central bank list- ranging from incense and toothpicks to plywood, glass and steel products-- are not available in Nigeria in sufficient volumes. While Nigeria grows a lot of tomatoes, transport is poor and it lacks facilities to produce the concentrate needed by factories making tomato...
*Egypt overturned week-old ban on cotton imports in July. SHUBRA KHEIT, Egypt, Aug 11- Standing waist deep in a cotton field, Egyptian farmer Mohamed Khalil cannot mask his anger; after the agriculture ministry banned cotton imports to help local producers, the cabinet abruptly vetoed the idea- the latest in a series of economic policy U-turns and delays under...
June 15- Lumber Liquidators Holdings Inc terminated the employment of its chief merchandising officer, making him the latest top-level executive to leave the wood floorings retailer amid allegations it sourced laminates from China that contained excessive levels of a known carcinogen. A report by CBS's "60 Minutes" in March alleged that the company's...
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Battered for years by offshore competition in Asia, U.S. furniture manufacturers are showing renewed signs of life.
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CNBC reporter Kelli Grant breaks down the value of home renovations, what's worth the cost and what can add more value to a home
CNBC's Seema Mody takes a look at the home furnishing sector. Mody says Citi favors Williams-Sonoma and expects them to benefit from favorable housing trends, better merchandise and competitive planning.
Low natural gas prices could help cut the energy bills of consumers who ditch their electric appliances in favor of those that use gas. But savings may be slim for some.
A "strong holiday lineup" of new products propelled Williams-Sonoma to better-than-expected quarterly earnings, company CEO Laura Alber told CNBC.
IKEA isn’t just for college students looking to furnish their dorm rooms on the cheap, Mike Ward IKEA USA president told CNBC’s “Squawk on the Street” on Monday.
It might have a broken stock, but “Mad Money” host says it’s not a broken company.
Using data provided by the financial information firm Sageworks, CNBC.com shows which industries took the worst beating in 2009 and 2010.
See Cramer’s full interview with Farooq Kathwari.
Jim Cramer’s researcher, Nicole Urken, discusses why BBBY stands apart from BBY in the wake of Brian Dunn’s resignation.
The "Mad Money" host compares both stocks in the "Battle of the Beds."