Federated Plans Stock Split
Cincinnati, OH, March 29, 2006--Federated Department Stores Inc., said it will do a 2-for-1 stock split, if shareholders approve a plan to double the number of authorized common shares to 1 billion.
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.
Shaw Among Top 100 Training Companies
Dalton, GA, March 29, 2006--Shaw has again been recognized by Training magazine as one of its annual “Top 100” training companies. Each year thousands of companies are nominated and apply for a coveted position in the Top 100.
Interface Sells Dealer Network
Atlanta, GA, March 30, 2006--Interface, Inc., today announced the completion of the sale of its Resource Connect aligned dealer network, and the transition of the network to private ownership.
Mannington Intros New Hardwoods
Salem, NJ, March 29, 2006 This spring, Mannington is taking flooring fashion to new heights with an array of new hardwood introductions.
Remodeling Spending At All-Time High
Washington, DC, March 29, 2006--Passing $200 billion for the first time, Americans spent an estimated $210 billion on residential remodeling in 2005, based on the National Association of Home Builders’ (NAHB) analysis of recently released third-quarter re
The Fed Hikes Rate to 4.75%
Washington, DC, March 29, 2006As expected, the Federal Open Market Committee raised the benchmark federal funds rate on Tuesday by a quarter of a percentage point, to 4.75 percent, and suggested that at least one more increase was in the cards.
Mannington Calls for 'Stand On a Better World&
Salem, NJ, March 29, 2006--Mannington Mills, a leading manufacturer of fine flooring, has announced the call for nominations for the 2006 "Stand On A Better World" Awards, which recognize women who have made significant contributions to their communities.
The Fed Hikes Rate to 4.75%
Washington, DC, March 29, 2006As expected, the Federal Open Market Committee raised the benchmark federal funds rate on Tuesday by a quarter of a percentage point, to 4.75 percent, and suggested that at least one more increase was in the cards.
Carlyle to Invest $30M in China Wood Flooring Firm
Shanghai, China, March 29, 2006--U.S. buyout firm Carlyle Group plans to invest $30 million in Shanghai Anxin Flooring Co. Ltd., a source with the Chinese company said on Wednesday.
Greenpeace: China's Demand for Wood Fuels Defo
Beijing, China, March 28, 2006--Rising Chinese demand for wood and the developed world's desire for cheap wood products are fueling the illegal timber trade and the destruction of ancient forests.