Plastech Makes Bid for Auto Supplier Collins & Aik
Detroit, MI, August 10--Plastech Engineered Products Inc. has made a $1 billion bid to buy rival auto-parts supplier Collins & Aikman Corp., which filed for bankruptcy in May.
Today's Flooring News
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Mohawk Guard Abducted In Texas Trailer Heist
Coppell, TX, August 10—-According to reports, a security guard was kidnapped from her job at Mohawk Industries while a man stole a trailer full of carpet from the facility.
Nepali Carpet Association Unhappy Over Delisting
Kathmandu, Nepal, August 10--The announcement of delisting of the carpet industries from the category of cottage industry by the Nepali government will be harmful to the sector, according to a trade association.
ServiceMagic Completes ImproveNet Acquisition
Golden, CO, August 10—-ServiceMagic completed its acquisition of the stock of ImproveNet, Inc., a leading online home services marketplace.
ASID Survey Says Homeowners Are Ready to Go Green
Washington, DC, August 10--Six out of 10 U.S. homeowners say they would consider integrating sustainable design practices into a future home improvement project, provided those enhancements were cost-competitive.
Fed Ups Rates to 3.5%, No Hint of Pause
Washington, DC, August 10--The Federal Open Market Committee raised its target for short-term interest rates Tuesday by a quarter percentage point to 3.5% and gave no hint that it is interested in stopping anytime soon.
ASID Foundation Names Ray Anderson Trustee
Washington, DC, August 9--The ASID Foundation, Inc. has named new members of its board of trustees.
Chain Store Sales Off Last Week
New York, NY, August 9--Chain store retail sales fell 0.8 percent in the week ended Aug. 6, compared with a 0.9 percent increase the previous week, the International Council of Shopping Centers and UBS said in a joint report.
Coveright Mulls Expansion at South Carolina Plant
Columbia, SC, August 9--Coveright Surfaces doesn’t make hardwood flooring and cabinets, but its 145 employees in Blythewood produce the wood-grain illusion.
Productivity Growth Slows
Washington, DC, August 9--Productivity in the second quarter rose at a 2.2% annual rate, according to the Labor Department.