Ecolite Announces New Hybrid Wall System
Los Angeles – Ecolite Concrete USA, announced a new building system of robust, lightweight pre-cast concrete walls. The innovative fabrication process produces ready-to-erect load-bearing walls with integral steel framing and cellular concrete cladding. Ecolite walls are stronger and lighter than other wall systems. The walls are also suitable for sustainable construction because they contain up to 50% recycled content.
The Ecolite plant in Barstow, Calif., is supplying walls and decks for a training complex comprised of 55 buildings for the U.S. Army National Training Center in Fort Irwin, Calif.
The facility is being completed six months ahead of schedule. The Ecolite walls can weigh as little as 12 psf, are fire resistant, non-combustible and provide excellent soundproofing. Crews of four men are able to erect complete buildings in a single shift using a small forklift. The facility will serve as a model for other structures such as hospitals and schools.
Additional factories are being built in other regions of the country with plans for continued expansion.
Walgreen’s 4Q Drops
CHICAGO One of the nation’s biggest drug store chain operators announced that its fourth-quarter profit dropped nearly 4%, according to Monday’s reports.
Walgreens explained that because of lower reimbursements for popular generic drugs and increased store and staff costs, their net income tumbled.
According to the company’s earnings report, total expenses increased by more than 11% to $12.8 billion, which chairman Jeffrey Rein said was out of line with reimbursements the company received. Prescription sales accounted for nearly two-thirds of the company’s business.
“Managing both expenses and lower reimbursements on some generic drugs is my top priority,” he said in a company release. “We’re going to fix this, and at the same time continue our aggressive growth plan.”
While company’s revenues rose more than 10% to $13.4 billion from $12.2 billion, its net income slipped to $396.5 million, compared to $412.3 million earnings at the same time last year.
For the year, the company said that its earnings increased by to $2.04 billion ($2.03 per share), compared with $1.75 billion ($1.72 per share).
Jonathan Adler creates giftware line for B&N
NEW YORK Barnes & Noble is teaming up with ceramist Jonathan Adler for a new collection this fall.
According to reports, the line will launch in 400 stores on Oct. 20, and will include items such as an umbrella, mug and a vase made exclusively for Barnes & Noble. The collection will range in price from $5.95 and $29.95.