S&P Raises Dixie Group Ratings
New York, NY, Apr. 7--Standard & Poor's Ratings Services has raised its corporate credit rating on Calhoun, Georgia based carpet and rug manufacturer The Dixie Group Inc. to 'B+' from 'B-'.
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.
Dow to Cut Jobs
Midland, MI, April 4--Dow Chemical Co. expects annual earnings growth of 10% and plans to cut 3,000 to 4,000 jobs in a move to lower costs.
Consumer Confidence Rises, But Still Low
New York, NY, Apr. 3—According to the latest ABC News/Money Magazine consumer comfort index, the war isn't hurting consumer confidence.
Congoleum Reaches Asbestos Agreement, Reports 2002
Mercerville, NJ, Mar.31--Congoleum Corp. said it has reached an agreement in principle with attorneys representing more than 75% of the known present claimants with asbestos claims pending against Congoleum.
Bayer Forms Joint Venture
Pittsburgh, PA, Apr. 25--Bayer Polymers LLC and PolyOne Corp. announced the formation of BayOne Urethane Systems, LLC, a joint venture to develop and market polyurethane systems in the U.S and Canada.
Commercial Construction Stirs Again
Chicago, IL, April 23--Signs of recovery are in place for the construction industry and a full recovery is expected in the non-residential sector in 2004, predicted Kermit Baker, chief economist for the American Institute of Architects, at the CSE Show in
Weyerhaeuser Hit With $78 Million Judgment
Portland, OR, April 21--A lumber company won a $78 million antitrust judgment in a lawsuit alleging timber giant Weyerheuser used high pressure tactics to elbow competing mills out of a lucrative hardwood market.
Coverings Switches Dates
North Palm Beach, FL, Apr. 18--The Coverings' board of governors, in cooperation with the Orange County Convention Center, has revised the dates for the 2004 event.
DuPont Holds That PFOA Doesn't Pose Risk
Wilmington, DE, Apr. 15--DuPont reiterated its position that there is no evidence indicating adverse human health effects related to low levels of exposure to perfluorooctanoate (PFOA), an essential processing aid used by DuPont and others to manufacture
Arson Destroys United Carpet and Floors of Marylan
Pinefield, MD, Apr. 14--According to the Washington Post, a fire destroyed United Carpet and Floors, a 24 year old family owned business in a strip mall in Pinefield Maryland last week.