Georgia Father & Son Charged in Flooring Scam
Gainsville, GA, May 12--Bond had not been paid late Tuesday for two men accused of racketeering in connection with an alleged flooring scam.
Today's Flooring News
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Survey: Homebuyers Spend $3,100 in First Year on I
Las Vegas, NV, May 12--On average, homebuyers spend $3,100 to improve a property within a year of moving into it, according to a study conducted by the nonprofit Home Improvement Research Institute.
Robert De Monaco, Karastan Veteran, Dies
New York, NY, May 11--Robert De Monaco, a veteran of the carpet industry for nearly half a century, including several decades with Karastan, has died on April 28.
Federated Profit Jumps
Cincinnati, OH, May 12--Federated Department Stores reported better-than-expected quarterly earnings as it sold more full-priced spring clothing and kept costs in check, and raised its forecasts for the rest of the year.
May Department Stores' Earnings Up Slightly
St. Louis, MO, May 11--May Department Stores Co. said its first-quarter net income rose 5.6%, helped by brisk sales of women's accessories, footwear and apparel.
Brintons USA to Close Mississippi Plant
Greenville, MS, May 12--British manufacturer Brintons US Axminster will close its Mississippi plant at the end of the year according to the Sun Herald.
Millstone Buys Former Ponderosa Mouldings Plant
Bend, OR, May 11--Millstone Industries, manufacturer of nationally distributed niche wood products, announced Monday that it has entered into an agreement to purchase the former Ponderosa Mouldings building in Redmond from Jeld-Wen.
Tennant Introduces New Line of Commercial Vacuums
Minneapolis, MN, May 11--Tennant Company announced the expansion of its carpet care product line with the introduction of a new integrated suite of quality commercial upright vacuums.
Congoleum First Quarter Losses Down
Mercerville, NJ, May 10--Congoleum Corp. reported today its financial results for the first quarter ended March 31, 2004.
Asbestos Negotiations With Retired Judge Unsuccess
Washington, DC, May 11--Progress was made during months of talks to achieve an asbestos-lawsuit reform bill that would establish a trust fund to handle all claims, but the head of the American Insurance Association said it has reached the point of being "