Lear Posts Major 4Q Loss After Charges
Southfield, MI, January 25, 2006--Lear Corp., reported a steep fourth-quarter loss as the automotive components maker racked up more than $400 million of impairment and restructuring charges.
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.
EU Acts to Reclaim State Aid to Beaulieu Group
Brussels, Belgium, January 25, 2006--The European Commission said Wednesday it was taking Italy and Belgium to court for failing to obey orders to reclaim illegal state aid, including Belgium's payments to Beaulieu Group.
Commerce Secretary Sees GDP Growth at 3.5%
Warsaw, Poland, January 24, 2006--Commerce Secretary Carlos Gutierrez told a meeting with U.S. investors during his visit to Poland, the U.S. economy should keep on growing at around 3.5 percent.
Rockland Recalls 50 Employees
Monon, IN, January 24, 2006--Rockland Flooring is issuing recall notices to employees who were laid off last October, when production orders shrank.
Coverings To Offer Free Seminars
Alexandria, VA, January 24, 2006--Coverings 2006 announced recently that attendees in Orlando (April 4-7) can choose among more than a dozen free seminars on topics such as inventory, employees and showroom design.
Wellman Hikes Price on Polyester Staple Fiber
Fort Mill, SC, January 24, 2006--Wellman, Inc., announced that, effective with March 5, 2006 shipments, it will increase the price of all polyester staple fiber by 4 cents/lb.
Bill to Amend Toxic Substances and Control Act Int
Washington, DC, January 24, 2006—Rep. Paul Gillmor (R-Ohio), chairman of the House Environment and Hazardous Materials subcommittee, introduced legislation to amend the Toxic Substances and Control Act (TSCA), to make it consistent with three internationa
Spector: Senate Asbestos Bill Debate Set for Febru
Washington, DC, January 24, 2006--Senate floor debate on a bill to create a $140 billion fund to compensate asbestos victims will begin on Feb. 6, Senate Judiciary Committee Chairman Arlen Specter said on Tuesday.
Kronotex Protects Its Sellers from Lawsuits
Barnwell, S.C., January, 2006--KronoGroup Switzerland, parent of Kronotex USA, announced a unique licensing agreement with the holders of patents for glueless, click installation, shielding Kronotex customers from patent-infringement lawsuits.
Chain Store Sales Up Last Week
New York, January 24, 2006--Chain store sales edged higher in the latest week, possibly because of gift card redemptions, according to a report on Tuesday.