Index of Leading Economic Indicators Rebound
New York, NY, June 19--A key measure of future economic activity rose in May, bolstering hopes that the economy may be headed for a rebound.
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.
Bed Bath & Beyond's Profit Up
Union, NJ, June 19--Home goods retailer Bed Bath & Beyond Inc. on Wednesday said its first-quarter profit rose about 24 percent, beating its expectations as cost controls and a better sales mix helped lift profit margins.
Asbestos Victims Launch Ad Campaign
Washington, DC, June 19--Asbestos victims and consumer and environmental groups unveiled a multi-state television ad campaign against a bill to curb asbestos claims on Wednesday as the proposal neared Senate committee action.
Leggett & Platt Lowers Outlook
St. Louis, MO, June 19--Lower sales, continued high energy costs and a weaker U.S. dollar are just some of the reasons that Leggett & Platt Inc. (LEG) lowered its second-quarter and full-year forecasts, Chairman and Chief Executive Felix Wright said.
Local Players A Force In Oklahoma City Furniture
Oklahoma City, OK, June 19--The recent acquisition of Evans Furniture by Mathis Brothers Furniture has further consolidated Mathis' grip on the $223 million-a-year furniture market in Oklahoma City, according to the Daily Oklahoman.
Furniture Makers Group Working On Marketing Campai
High Point, NC, June 18--The American Furniture Manufacturers Association board of directors Monday announced its intention to explore an advertising campaign to increase demand for home furnishings products.
Anderson-Tully Shuts Down Vicksburg Plant Temporar
Vicksburg, MS, June 18--The Anderson-Tully Co. flooring mill in Vicksburg shut down Tuesday, adding two weeks of down time to the already scheduled weeklong closing period in early July.
DuPont Lands Arbitration Award
Greensboro, NC, June 18--An arbitration panel awarded about $16 million in damages to DuPont Co. in its arbitration case with Unifi Inc. over their manufacturing alliance, Unifi said.
German Firm To Open West Virginia Plant
Clarksburg, WV, June 18--Stockmeier Kunststoffe, a German manufacturer of polyurethane products, plans to open a facility in Harrison County.
DuPont Successfully Completes Tender Offer
Wilmington, DE, June 17—DuPont today announced that DCI Acquisition Inc., a subsidiary of DuPont, has successfully completed the tender offer for all the class A common shares, Series 1 of DuPont Canada, not owned by DuPont or its affiliates.