Foamex Begins Stock Rights Offering
Linwood, PA, June 26, 2008--Foamex International has begun its stock rights offering and second lien loan offering.
Today's Flooring News
Keep up to date with the most recent news in the flooring industry. Today's News...As it happens! We update this news several times a day so you can stay connected.
Fed Leaves Rates Unchanged
Washington, DC, June 25, 2008--The Federal Reserve left its key short-term fed funds interest rate unchanged Wednesday at 2 percent, the first time it held rates steady in the past nine months.
Dow Implements Another Major Price Increase
Midland, MI, June 25, 2008--Dow Chemical Co. said Tuesday that it was raising prices up to 25 percent.
New Home Sales Continue To Fall
Washington, DC, June 25, 2008--Sales of new single-family houses in May 2008 were at a seasonally adjusted annual rate of 512,000, 40.3 percent below last year.
Armstrong Names New VP and Controller
Lancaster, PA, June 25, 2008--Armstrong World Industries has named Stephen F. McNamara vice president and controller, effective July 1.
Designer Sues Williams-Sonoma Over Carpet Designs
New York, NY, June 25, 2008--A New York designer sued Williams-Sonoma Inc. for copyright infringement, claiming the retailer is selling carpets that are indistinguishable from rugs featuring her copyrighted designs.
Consolidated Carpet Moves Operations to New Jersey
New York, NY, June 24, 2008— After almost 30 years of being based in Brooklyn, Consolidated Carpet has moved its operations to a newly purchased 80,000 square foot corporate operations center.
CDC Calls for Testing of Artificial Turf Fields
Atlanta, GA, June 25, 2008--The Centers for Disease Control has recommended that some artificial turf athletic fields made from nylon should be tested for lead.
NeoCon Attendance Dips 4 Percent
Chicago, IL, June 25, 2008--The 40th annual NeoCon World’s Trade Fair had an attendance of 50,500, a 4 percent decrease from the 2007 show.
Solutia Sells Office Building for $42.8 Million
St. Louis, MO, June 25, 2008--Solutia Inc. said Wednesday it sold a 260,000-square-foot office building in Town and Country, Mo. to Bluerock Real Estate LLC for $42.8 million.