Nardelli Steps down from Coke Board
Atlanta, GA, January 7--Robert Nardelli will resign from the board of Coca-Cola to concentrate on his job as chief executive of Home Depot, the home improvement retailer.
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.
Alloc Files Infringement Action Against Kronotex i
Racine, WI, January 7--On December 20th, 2004, Alloc Inc., Berry Finance NV and Välinge Innovation AB filed a complaint alleging patent infringement against Kronotex US for its sales of the Easy Lock Flooring product in the district court for the northern
American Capital Invests $39M in Halex & Capitol U
Bethesda, MD, January 7--American Capital Strategies Ltd. said that in December 2004 it invested an additional $39 million in its portfolio company Halex Corp. to refinance existing debt and to support the acquisition of Capitol USA.
Surfaces '05 Tops 1,000 Exhibitors, Sets Recor
Dallas, TX, January 6--Surfaces '05, which will take place January 26-28 at the Sands Expo Center in Las Vegas, will have more than 1,000 exhibiting companies.
Homebuilders: Multifamily Housing Trending Up
Washington, DC, January 6--Apartment and condo builders are optimistic that the multifamily housing market will continue to strengthen over the next six months, according to the latest Multifamily Market Index.
2005 Builders' Show Anticipates Over 90,000 At
Orlando, FL, January 6--Upwards of 90,000 are expected to show up for their industry’s largest annual trade show and exposition, the 2005 International Builders’ Show.
UK’s Stoddard Goes Into Receivership
Kilmarnock, Scotland, January 6—-Stoddard International went into receivership on Thursday after failing to secure a last-ditch financial lifeline from its bankers according to business.scotsman.com.
Flooring Adventures Intros Interlocking Tiles
Richmond, VA, January 6-- Flooring Adventures LLC has launched Tuff-Seal, a new line of vinyl interlocking floor tiles for commercial and residential use. The tiles contain a patented hidden interlock system.
Retailers' December Sales Up
New York, NY, January 6—-The nation’s top retailers including Wal-Mart, Federated Department Stores and Best Buy posted December sales gains after steep discounts spurred a late surge in holiday shopping.
Weekly Jobless Claims Up on Seasonal Factors
Washington, DC, January 6--Initial jobless claims jumped unexpectedly last week by 43,000, taking claims to their highest level since late September, a government report showed on Thursday -- but an official noted there were seasonal adjustment difficulti