Cone Mills May Bid for Burlington's Denim
New York, NY, June 2--Cone Mills Corp.
Today's Flooring News
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Merger's Demise Dashes $36M Pergo Garner Proje
Raleigh, NC, June 2--Plans for a $36 million expansion by Raleigh-based Pergo Inc. of its Garner manufacturing facility have been thrown into limbo after the flooring company's planned merger with Kennesaw, Ga.-based Witex Inc. collapsed for lack of f
Sweden Opens Consulate in Raleigh
Raleigh, NC, June 2--Sweden's new Raleigh, North Carolina based consulate will offer traditional consular services as well as promote economic cooperation, trade and investments and cultural exchange programs between the Carolinas and Sweden.
Amid Criticism, Home Depot Directors Re-elected
Chicago, IL, June 2--Shareholders of Home Depot Inc. on Friday reelected all of the retailer's directors, but some had urged votes against co-founder Kenneth Langone because of concerns about board independence.
Judge Denies Plea to Halt Armstrong's Asbestos
Wilmington, DE, June 2---A bankruptcy judge here decided Friday to let Armstrong World Industries keep progressing toward its own solution to its asbestos woes, rather than wait and see if Congress creates one.
Consumer Sentiment Improves in May
New York, NY, June 2--Consumers' attitudes about the state of the U.S. economy improved at the end of May compared with April, according to a report released Friday.
WestPoint Files for Bankruptcy Protection
West Point, GA, June 2--WestPoint Stevens Inc. filed for protection from its creditors in federal bankruptcy court, joining the raft of textile makers forced to restructure because of overseas competition and excessive debt.
DuPont Boosts Bid For DuPont Canada
Wilmington, DE, June 2-—E.I. DuPont de Nemours & Co. has increased its offer for the rest of DuPont Canada Inc. to C$21.75 a share from C$ 21.00.
Armstrong Gets OK for Chap 11 Disclosure Statement
Lancaster, PA, June 2--Armstrong World Industries on Friday received bankruptcy-court approval of the disclosure statement outlining terms of its Chapter 11 reorganization plan.
Lowe’s Takes the High Road
Charlotte, N.C. - May 30 - At Lowe’s annual shareholders meeting, company president Robert Niblock made it clear that the nation’s second largest home channel retailer does not mind pushing higher priced items in order to maintain a higher image in the mi