Solutia Earnings Down on Charges, But Sales Rise
St. Louis, MO, February 28, 2008-- Solutia Inc. reported Wednesday that its net loss more than tripled in the fourth quarter on special charges, although sales increased substantially.
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.
Armstrong Earnings Soar, Special Dividend on Tap
Lancaster, PA, February 29, 2008--Armstrong World Industries Inc. said fourth-quarter earnings from continuing operations rose to $21 million.
Home Depot Wants Share of Rebate Check Spending
Atlanta, GA, February 29, 2008-- Home Depot said it is making more of an effort to pursue home repair spending as consumers take on smaller jobs to maintain their homes.
Brumark To Distribute Wise Tiles for Trade Shows
Marietta, GA, February 29, 2008-- Brumark has entered a strategic partnership with Wise Industries Inc. to become the exclusive distributor of Wise’s foam interlocking carpet tiles to the trade show and event industry in the U.S. and Mexico.
Philippine Tile Maker Anticipates Strong Year
Santo Tomas, Batangas, Philippines, February 29, 2008—Mariwasa Siam Ceramics Inc., one of the biggest tile producers in the Philippines, said it should increase sales this year by 11 percent to $49.5 million because of a surge in construction.
Faus Wins Patent Infringement Lawsuit in China
Calhoun, GA, February 28, 2008– Faus Group Inc. said that it won a patent infringement lawsuit in China against Hangzhou Singular.
Economy Slows To a Crawl in Fourth Quarter
Washington, DC, February 28, 2008—The economy slowed substantially in the fourth quarter of last year, hit by problems in the housing and credit markets.
Armstrong Making New BioBased Tile in Mississippi
Jackson, MS., February 28, 2008 – Armstrong has begun manufacturing its new BioBased Tile in Jackson, Miss.
Mortgage Rate Reversal Erases January Declines
Washington, DC, February 28, 2008 -- Mortgage rates continue to rise and have returned to November levels.
Solutia Will Exit Bankruptcy on Thursday
St. Louis, MO, February 26, 2008-- Solutia Inc. said Tuesday it has received court approval for its $2.05 billion exit financing package and the company plans to emerge from Chapter 11 bankruptcy on Thursday.