Building Stocks At Risk If Mortgage Rates Keep Ris
New York, Aug. 24--The ripple effect of rising mortgage rates has reached Wall Street.
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.
Solutia Ratings Update
Chicago, IL, Aug. 22--Fitch Ratings maintains the Rating Watch Negative status on Solutia Inc.'s (Solutia) senior secured bank facility (revolver) rating of 'B-', senior unsecured debt and senior secured notes rating of 'CCC'.
Lowe's President Sees Healthy Outlook
Wilkesboro, NC, Aug. 23--In March, Robert Niblock was promoted to the newly created retailer Lowe's Companies Inc. Previously, the title belonged to CEO and Chairman Robert Tillman. Last week, the Fortune 100 company announced that second-quarter pro
E-Commerce Retail Sales Rise
New York, NY, Aug. 25--Retail sales made via the Internet or other electronic means shot up in the second quarter.
UK Ad Campaign Touts Carpet
Kidderminster, UK, Aug. 25--The UK carpet industry--centered on the West Midlands--has launched a £1 million advertising campaign to attempt to stem a massive fall in demand for its products, according to the Birmingham Post.
Home Depot Board Raises Annual Dividend
Atlanta, GA, Aug. 21--Home Depot raised its quarterly dividend 17% and said its board authorized an increase in the company's buyback program.
Mohawk Faces Wrongful Death Suit
Calhoun, GA, Aug. 22--Mohawk Industries Inc. has been sued by the parents of a Chatsworth police officer who died in a security gate accident at the company's facility on Duvall Road in Chatsworth, according to the Atlanta Business Chronicle.
Truck Crashes Into New Mexico Flooring Store
Silver City, NM, Aug. 22--Business owners Michelle and Lee Pierce were stunned Wednesday morning when a pickup truck crashed through the floor-to-ceiling window in the front of their store
Buyers Adding Amenities To New Homes
Philadelphia, PA, Aug. 20--Orleans Homebuilders came a little late to the design-center concept, but so far the idea has paid off.
Judge Wary Of Pillowtex's Liquidation Plan
Wilmington, DE, Aug. 21--Calling Pillowtex Corp.'s liquidation plan "very, very unusual," a federal bankruptcy judge on Wednesday indicated he would encourage rival bids for what's left of the Kannapolis-NC based towel maker