Housing Starts Highest Since January
Washington, DC, July 17--The number of new housing projects builders broke ground on in June climbed to the highest level in five months, good news for efforts to get the economy back into shape.
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.
Home Depot Store Expansion On Track
Atlanta, GA, July 15--Home Depot Inc. Chairman Robert Nardelli said on Tuesday that the retailer was not backing off its plans to open 200 stores and hire 40,000 workers in 2003.
Domco Tarkett Board Recommends Acceptance Of Tarke
Farnham, Quebec, July 15--Domco Tarkett Inc. announced today that its Board of Directors recommends that the minority shareholders accept the offer of Tarkett Sommer AG announced on April 30, 2003 and tender their common shares.
Burlington Shareholder Seeks Company Inquiry
Greensboro, NC, July 16--A shareholder wants the court overseeing Burlington Industries Inc.'s Chapter 11 case to allow an investigation into the company and Chief Executive George Henderson.
Activist Disputes Tarkett Sommer's Buyout Plan
Montreal, Canada, July 16--Shareholder rights activist Stephen Jarislowsky has accused French-German flooring company Tarkett Sommer AG of making a "totally unfair" offer to buy out the minority shareholders...
Timing Of Asbestos Bill Uncertain
Washington, DC, July 16--An asbestos compensation bill could reach the Senate floor before September, the chamber's majority leader said Tuesday, but other senators and aides were skeptical it could be scheduled that soon.
Retail Sales Rise
Washington, DC, July 15--America's shoppers emerged from a lull and got into the buying groove in June, driving up sales at the nation's retailers by 0.5 percent, the best showing in three months.
Armstrong Watching Progress Of Asbestos Bill
Macon, GA, July 16--As Armstrong World Industries attempts to surface from Chapter 11 bankruptcy, some say a proposal to create a separate court for asbestos litigation may offer relief, according to the Macon Telegraph.
Pillowtex Lenders Extend Loan Agreement
Kannapolis, NC, July 15--Pillowtex Corp. said on Monday its term lenders have extended a forbearance agreement and decided not to take action following the company's default on interest and principal payments.
Home Depot Testing Self-Checkout
Miami, FL, July 15--Home Depot has a new project for its do-it-yourself aficionados: do-it-yourself checkout, according to South Florida Sun-Sentinel.