Lyondell Chemical to Buy Millennium for $1 Billion
Houston, TX, Mar. 29--Lyondell Chemical Co. agreed to buy Millennium Chemicals Inc. for $1 billion in stock to form North America's No. 3 independent, publicly traded chemical producer.
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.
Income Growth Outpaces Spending
Washington, DC, Mar. 26--Americans' incomes rose in February at a pace that was double that of consumer spending, sending the savings rate to its highest level in six months.
Help Wanted Index Edges Up
New York, NY, Mar. 25--The Conference Board's Help Wanted Advertising Index--a key barometer of America's job market--increased one point in February.
Surfaces Releases Post Show Survey Results
Dallas, TX, Mar. 26--According to the Surfaces 2004 post-show survey results, 88% of Surfaces 2004 attendees came to the show specifically to see new products, while 81% attended to see the latest industry trends.
Green Home Products Add Value
Chicago, IL, Mar. 26--Corn carpeting, wheat cabinets and sugar cane and sesame seed tables are some of the ingredients in what could be a recipe for success in the eco-friendly home furnishings market, according to the Chicago Sun-Times.
Coverings Exhibitors Donate Tile to Tile Partners
Orlando, FL, Mar. 25--Coverings exhibitors have donated 135 pallets and 16 crates of tile to Tile Partners for Humanity.
Lawyers, Not Plaintiffs, Win Big in Solutia/Monsan
Birmingham, AL, Mar. 25--The plaintiffs in a $300 million settlement over PCB contamination in Anniston will receive an average of $7,725 apiece, while their attorneys will get millions each _ including $29 million to the firm of California celebrity lawy
Innovation Keeps Milliken Competitive
Spartanburg, SC, Mar. 25--The U.S. textile industry may be down, but nowhere near out, at least for companies like Milliken & Co, according to the Greenville News.
Witex Announces Spring Fling 2004 Promotion
Kennesaw, GA, Mar. 25--Witex Flooring's Witex Spring Fling 2004 for retailers is a spring selling incentive that the company is running on the sale of laminate and hardwood products from both the Witex and Laura Ashley branded flooring lines.
GDP Growth Holds at 4.1%
Washington, D.C., Mar. 25--Spending by consumers and businesses rose a little more in the fourth quarter than earlier estimated, but the government left unchanged its reading on economic growth for the period.