Mold Damage Claims Rise
Washington, DC, July 18--It's usually just scrubbed off tile grout, shower stalls and basement walls, but lately, mold has become the subject of expensive insurance claims and multimillion dollar lawsuits.
Today's Flooring News
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Board Determines Recession Ended November 2001
Washington, DC, July 18--The 2001 recession, the country's first downturn in a decade, officially ended in November of that year, only eight months after it had begun, an academic group declared Thursday.
Dow Adopts Corporate Governance Guidelines
Midland, MI, July 18--The Dow Chemical Co. today announced that its Board of Directors has adopted Corporate Governance Guidelines, Charters for each of the standing Board Committees, and a revised Code of Business Conduct.
Building Owners & Managers Association Elects New
Washington, DC, July 18--The Building Owners and Managers Association (BOMA) International, commercial real estate's leading advocacy group, elected new officers at its Annual Conference and The Office Building Show(R) held recently in San Francisco,
Wachovia Raises Mohawk To 'Outperform'
New York, NY, July 18--Wachovia Securities on Friday said it raised its investment rating for Mohawk Industries Inc.,the No. 2 maker of commercial and residential carpets in the United States, to "outperform" from "market perform."
Housing Starts Highest Since January
Washington, DC, July 17--The number of new housing projects builders broke ground on in June climbed to the highest level in five months, good news for efforts to get the economy back into shape.
Industry Pioneer Fred Rosen Dead at 85
Dalton, GA, July 17--Former Enduro Mills CEO Fred Rosen passed away last week. Born in Brooklyn, NY, Rosen had lived in Dalton since 1935.
Efficiency's Key For Award Hardwood
Wausau, WI, July 17--Award Hardwood Floors of Wausau has been in business only since 1997, but even in that short time, the company has made many changes to its product designs and manufacturing processes.
Lowe's Looking To Compete In Installation
Atlanta, GA, July 17--Lowe's and Home Depot want to bring their battle for home improvement supremacy into your house or condo, according to the Atlanta Journal-Constitution.
Interceramic Has Disappointing Quarter
Chihuahua, Mexico, July 16--The second quarter of 2003 -- traditionally the slowest quarter of the year for Interceramic (NYSE:ICM) -- saw sales increase slightly from the same period in 2002 but not up to the Company's expectations for the quarter.