It is with great sadness that we announce the passing of James J. Falcone Sr. James passed away on Thursday, September 8, 2022 at the age of 84. He was surrounded by his loving family in his home in Groton, CT. James was a visionary and quintessential entrepreneur. He began his career as at “Rocky’s […]
Third Bench Consolidates Operations and Reduces Expenses
New America Energy Corp., and its operating subsidiary, Third Bench Holdings, LLC (“Third Bench” or the “Company”), is pleased to announce increased efficiency and consolidation at the Company’s Las Cruces Cabinets subsidiary (“LCC”) subsidiary in Las Cruces, New Mexico. LCC focuses on residential projects, focusing on selling and installing kitchen and bath cabinets in Southern […]
L&W Supply Promotes Zach Grubb to Manager of Winston-Salem, North Carolina, Location
L&W Supply, a nationwide distributor of interior building materials and construction supplies, has announced the promotion of Zach Grubb to branch manager of the Winston-Salem, North Carolina, location. Grubb started his career at L&W Supply in 2006 as an inside sales representative in Charlotte, North Carolina. Grubb has since held many roles, including inside sales […]
Charitable Giving by REALTOR® Associations Jumped 20% Since 2020
Charitable giving has continued to rise among Realtor® associations, according to a new report from the National Association of Realtors®. Key Highlights The typical Realtor® association donated more than $12,000 to their community last year, up from $10,000 in 2020. Two-thirds of Realtors® volunteer on a monthly basis. Eighty-five percent of associations held events that […]
Mortgage Rates Exceed Six Percent for the First Time Since 2008
Freddie Mac released the results of its Primary Mortgage Market Survey® (PMMS®), showing that the 30-year fixed-rate mortgage (FRM) averaged 6.02 percent. “Mortgage rates continued to rise alongside hotter-than-expected inflation numbers this week, exceeding six percent for the first time since late 2008,” said Sam Khater, Freddie Mac’s Chief Economist. “Although the increase in rates will continue to […]
Stora Enso Has Signed an Agreement to Divest Its Nymolla Paper Site to Sylvamo
Stora Enso has signed an agreement to divest its Nymölla paper production site in Sweden, and all related assets to Sylvamo, a US-based global producer of uncoated paper. The enterprise value is EUR 150 million. Closing is expected in the beginning of 2023, subject to regulatory approvals. This transaction is part of the earlier announced […]
Joseph R. Hinrichs Appointed President and CEO of CSX
CSX Corp. (“CSX”) one of the nation’s leading transportation suppliers, today announced that, as part of a planned succession process, its Board of Directors has appointed seasoned executive Joseph R. Hinrichs as the Company’s new President and Chief Executive Officer, effective September 26, 2022. Hinrichs succeeds James M. Foote, who plans to retire as President […]
The Home Depot Expands Reporting on Diversity, Equity and Inclusion and Deforestation Efforts
The Home Depot® (or the “company”), the world’s largest home improvement retailer, announced today it will prepare racial equity and deforestation assessments in response to shareholder proposals from the company’s 2022 annual meeting of shareholders. These assessments will expand on the information previously shared in the company’s annual Environmental, Social and Governance (“ESG”) report on […]
Commercial Metals Company Acquires Advanced Steel Recovery
Commercial Metals Company (“CMC”) announced that as part of its strategic expansion in the Western U.S. it has acquired Advanced Steel Recovery, LLC (“ASR”), a leading supplier of recycled ferrous metals located in Southern California. ASR’s primary operations include processing and brokering capabilities that efficiently source material for sale into both the domestic and export […]
HNI Corporation Elects New Director
HNI Corporation announced the election of Patrick D. Hallinan to the Corporation’s Board of Directors. Mr. Hallinan is the Senior Vice President and Chief Financial Officer of Fortune Brands Home & Security Inc., an industry-leading home and security products company. Prior to taking the role of CFO in 2017, Mr. Hallinan served as Senior Vice […]