Europe Opens Sharply Lower on Fed Comments
Steelcase Inc
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GRAND RAPIDS, Mich.-- Steelcase Inc.' s fiscal first-quarter net income was unchanged as the office furniture maker's revenue slipped and operating expenses rose. Still, order growth in the Americas, the biggest region by revenue, was better than anticipated, said Steelcase CEO James Hackett in a statement.
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No reason has been given yet for the departure of founder and executive chairman George Zimmer, reports CNBC's Courtney Reagan. Zimmer has long been the face of the company.
Wednesday, 19 Jun 2013 | 10:52 AM ETCNBC's Rick Santelli, explains why he hears 'crickets" when he asks questions about Fed Chairman Bernanke's policies. "Enough is enough," he rants.
Wednesday, 19 Jun 2013 | 11:36 AM ETAre reporters lobbing "softball" questions at the Fed chairman? CNBC's Rick Santelli and the Wall Street Journal's Jon Hilsenrath, debate whether the economy continues to need quantitative easing. I'm trying to inform the public about what the Fed is up to, says Hilsenrath.