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Stanley Furniture: Burst of Orders as U.S. Production Winds Down

By Bill Esler Posted: 07/17/2014 10:14AM

Stanley Furniture closes U.S. furniture manufacturing and sees a burst of final orders. It lost $2.1 million on sales of $24 million. Severance pay will cost up to $500,000. In a sour note, a boiler explosion rocked the Robbinsville, NC plant.

Builder Confidence Grows for Sales of New Single-Family Homes

Posted By Elizabeth Fuhrman | Posted: 07/16/2014 3:16PM

More builders view sales conditions for newly built single-family homes as good rather than poor, reports the National Association of Home Builders/Wells Fargo Housing Market Index (HMI).

Wood and Paper Industries Getting Greener: Sustainability Study

By Rich Christianson Posted: 07/16/2014 12:14PM

The U.S. wood and paper industries are continuing to make strides to be better environmental stewards of the planet, according to the 2014 Sustainability Report just released by the American Forest & Paper Association (AF&PA).

Vanguard Furniture Opens Virginia Plant: 200 Jobs Created

Posted by Karen Koenig | Posted: 07/16/2014 11:16AM

Vanguard Furniture will invest $550,000 to open its first residential furniture operation in Virginia. The high-end upholstery and casegoods furniture manufacturer will use an existing facility in Carroll County for its production, creating more than 200 jobs.

Plant Explosion Injures 3 at Stanley Furniture's Young America

Posted by Karen Koenig | Posted: 07/16/2014 11:10AM

Three workers at Stanley Furniture's Young America plant were injured Monday afternoon when a wood-fired boiler exploded.

Leggett & Platt May Sell Store Fixtures Business

By Karen Koenig Posted: 07/15/2014 1:14PM

Leggett & Platt said it may divest its store fixtures operations as the business unit continues its financial struggles. An investment banker has been retained to explore strategic alternatives.

Roombots Mini Motorized Robots Put Furniture in Motion

Posted by Rich Christianson | Posted: 07/14/2014 4:41PM

Scientists at the Biorobotics Laboratory (BIOROB) in Switzerland are giving a whole new meaning to the concept of furniture on the go with their Roombots.

CatchMark Adds Timber Acreage for $106 Million

Posted by Karen Koenig | Posted: 07/14/2014 9:30AM

Timber management firm CatchMark Timber Trust Inc. will add 55,671 acres of prime timberlands to its portfolio through two separate transactions totaling $106 million.

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