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.
Mercerville, NJ, February 5, 2007--Congoleum Corp. reported today that the judge overseeing its reorganization has issued a ruling on motions filed by insurers seeking to prevent confirmation of its most recent reorganization plan.
Manchester, NH, February 2, 2007--Flooring America and Flooring Canada are enjoying strong growth.
Toronto, Ontario, February 5, 2007--Canadian housing starts will moderate this year from last year's torrid pace, but will still remain at historically strong levels, Canada Mortgage and Housing Corp. said in its quarterly forecast on Monday.
Southfield, MI, February 5, 2007--Automotive supplier Lear Corp. said Monday a group affiliated with billionaire investor activist Carl Ichan offered to buy the company for $36 per share, or about $2.61 billion.
The Hague, The Netherlands, February 5, 2007--The Dutch Court of Appeal has rejected the claim for patent infringement introduced by Välinge Innovation AB and the Beaulieu International Group.
New York, NY, February 1, 2007--Solutia is seeking an extension through April 30 of its exclusive control over its Chapter 11 case so it can continue pursuing three potential paths to exit bankruptcy protection.
Washington, DC, February 1, 2007--Seasonally adjusted pending home sales jumped 4.9% in December, the largest gain in nearly three years, the National Association of Realtors reported Thursday.
Washington, DC, January 31, 2007--The economy shook off a summer slump and surged ahead at a faster-than-expected 3.5% annual growth rate in the fourth quarter, the Commerce Department estimated Wednesday.
Cleveland, OH, January 31, 2007--According to a study released by the Freedonia Group, Inc., a Cleveland-based industry research firm, world demand for flooring and carpets is projected to climb 4.1 percent annually through 2010 to 14.7 billion square met
New York, NY, January 30, 2007--The Conference Board Consumer Confidence Index, which had improved in December, edged up slightly in January. The Index now stands at 110.3 (1985=100), up from 110.0 in December.