Business
Bassett Furniture Industries Inc. became the latest U.S. furniture manufacturer to forecast disappointing second-quarter earnings amid industry-wide low margins, high inventories and weak retail demand.
June 21, 2001
As many U.S. furniture makers scale back or go out of business, some are reinventing themselves to stay competitive.
Oct. 21, 2002
Most people in business have a story about how China has changed their industry, how over the past 30 years it has upended supply chains and grabbed daunting market share.
Aug. 31, 2014
Bassett Furniture Industries Inc. said the California Public Employees’ Retirement System has filed a shareholder proposal calling for separation of the chairman and chief executive positions at the furniture maker.
May 13, 1997
Bassett Furniture Industries Inc. said it will close a Los Angeles upholstery plant and eliminate 200 jobs, or 6% of its workers, to cut costs.
Aug. 28, 2002
* The NASD, formerly known as the National Assn. of Securities Dealers, is said to be close to a deal to sell the American Stock Exchange to the stock and option exchange’s 864 members, people with knowledge of the matter said. * Bassett Furniture Industries Inc. and other U.S. furniture makers petitioned the Bush administration to levy tariffs of as much as 440% on $1 billion a year of bedroom sets from China. * Tenet Healthcare Corp. said it closed the sale of five hospitals in Florida, Missouri and Tennessee to Health Management Associates.
Nov. 4, 2003
The Bush administration will propose anti-dumping duties on as much as $1 billion in imported Chinese bedroom furniture, officials said Thursday, escalating a trade dispute that has strained U.S.
June 18, 2004
Strange but true, one of the hottest industries for merger action recently has been neither high finance nor high technology, but the ancient and venerable business of furniture making.
Feb. 27, 1987
You could say, “Only in Los Angeles.”
Nov. 30, 1994
An industry coalition plans to file an anti-dumping petition to stem the influx of wood bedroom sets.
July 19, 2003