Group Can't Block Sale of Cone Mills
Charlotte, NC, Feb. 25--A committee in the Cone Mills Corp. bankruptcy case failed to meet a midnight deadline to post a $35 million bond that would have stalled the sale of the company to WL Ross & Co.
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.
Bankruptcy Court Approves Armstrong Land Sale
Lancaster, PA, Feb. 25--Armstrong World Industries' agreement to sell surplus, vacant land to the owner of B&B Yamaha has been approved by a bankruptcy court judge.
Retail Innovator Meijer Adapting to Compete with W
Grand Rapids, MI, Feb. 24--Meijer celebrates its 70th anniversary this summer by reinventing the supercenter concept it created in 1962.
Former Armstrong Printing Unit Re-Emerges in New V
Lancaster, PA, Feb. 22--Downsizing for Armstrong World Industries has turned into upsizing for businessman Craig Arnold, according to the Lancaster New Era.
Oriental Rug Dealer Loves Competition
Birmingham, MI, Feb. 24--When Kamran Karimpour was growing up in Iran, he loved to tag along with his father on trips to the Persian Bazaar to visit the rug merchants.
Luxury Home Sales Up
Parsippany, NJ, Feb. 23--Coldwell Banker Real Estate Corporation today announced another blockbuster year for the sale of luxury homes valued at $1 million or more.
Consumer Confidence Drops
New York, Feb. 24--U.S. consumers became much more cautious in February as worries about jobs mounted, the Conference Board said Tuesday.
Federated Earnings Up
Cincinnati, OH, Feb. 24--Federated Department Stores, Inc. today reported fourth quarter results for the year ended January 31, 2004 that reflected strong sales and earnings trends.
Pergo Contacted by Potential Bidder
Trelleborg, Sweden, Feb. 23--The Board of Directors of Pergo has been contacted by an investor who has expressed interest to investigate the conditions for an acquisition of Pergo.
Retiree Group Sues Formica
Cincinnati, OH, Feb. 22--Arguing that their former employer misled them, a group of Formica Corp. retirees filed suit Friday to prevent the laminate maker from reducing their monthly pension checks.