Mohawk Plans Expansion at Virginia Carpet Facility
Glasgow, VA, February 27, 2006—Lees Commercial Carpets, a division of Mohawk, according to the News Leader, will invest $26.6 million to expand its manufacturing facility at Rockbridge County.
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Mohawk Upgraded to Outperform
New York, NY, February 27--Analysts at Morgan Keegan upgrade Mohawk Industries Inc., to "outperform," while reducing their estimates for the company.
Asbestos Bill Sponsors Seek Signatures for Revote
Washington, DC, February 27, 2006--The co-sponsors of legislation to create a $140 billion asbestos victims' compensation fund are trying to gather 60 senators' signatures on a letter asking for another vote on the bill, Senate aides said on Frida
Quinn Named Solutia Chairman
St. Louis, MO, February 27, 2006--Solutia today announced its board of directors has named Jeffrey N. Quinn as its chairman. Quinn will continue to serve as president and chief executive officer of the company.
Masland Intros Treillage
Mobile, AL, February 27, 2006--Treillage, the latest offering from Masland Carpet and Rugs, is a fresh rendition of the trellis design.
Rural America Trails in Broadband Use
Washington, DC, February 27, 2006--Rural Americans are less likely to log on to the internet at home with high-speed internet connections than people living in other parts of the country.
Help-Wanted Advertising Index Dips
New York, NY, February 24, 2006--The Conference Board Help-Wanted Advertising Index – a key measure of job offerings in major newspapers across America – dipped one point in January.
Home Depot Boosts Buyback by $1 Billion
Atlanta, GA, February 24, 2006--Home Depot said its board authorized the repurchase of an additional $1 billion worth of outstanding shares, bringing the total buyback authorization to $12 billion.
Durable Goods Orders Off 10.2% on Lower Aircraft O
Washington, DC, February 24, 2006--Durable goods orders dropped 10.2% in January as aircraft orders dried up after three months of strength, the Commerce Department reported Friday.
Solutia Gets Pledge to Extend and Upsize DIP Finan
St. Louis, February 24, 2006--Solutia Inc., today announced it has received a fully underwritten commitment for $825 million of debtor-in-possession (DIP) financing, maturing March 31, 2007.