Godfrey Hirst, Feltex Update
Victoria, Australia, June 30--Feltex Carpets' claim that a sharp slowdown in the Australian market is to blame for its profits collapse has been challenged by rival Godfrey Hirst, according to the Dominion Post.
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.
Retail CEOs Urge Swift Passage of DR-CAFTA
Washington, DC, June 29--Key members of the Board of Directors of the National Retail Federation today urged the United States Senate to move swiftly to pass legislation implementing the Dominican Republic-Central American Free Trade Agreement.
Financing Next Big Hurdle Facing Senate Asbestos B
Washington, DC, June 29--Senate Judiciary Committee Chairman Arlen Specter said he was "raising hell" with companies to try to get them to spell out who would pay what to finance the $140 billion asbestos compensation fund bill before the Senate.
1Q GDP Revised Up to 3.8%
Washington, DC, June 29--The final estimate of first quarter GDP was revised up to a 3.8 percent annual rate from the 3.5 percent rate reported last month, according to the Commerce Department.
Clayton Homes to Buy Karsten Homes
Knoxville, TN, June 28--Clayton Homes, a unit of Berkshire Hathaway, has signed a letter of intent to acquire Karsten Homes, a builder of manufactured homes.
Godfrey Hirst in Talks to Merge with Feltex
Victoria, Australia, June 28--Godfrey Hirst Australia Pty Limited today announced that it has acquired a shareholding of approximately 5.78% in Feltex Carpets Limited through on-market purchases of shares over the last few days.
Flexco Appoints Bob Milk Director of Operations
Tuscumbia, AL, June 27--Flexco, a leading manufacturer of rubber, vinyl and ESD control commercial flooring, recently announced the appointment of Bob Milk as director of operations.
Report: Bids Sought for Unilin, Mohawk Named As Po
New York, NY, June 27—-It was reported in the Wall Street Journal that several private equity firms are lining up to bid for Belgian flooring company Unilin Holding NV. The report indicated that bids are due July 1.
Asbestos Bill May Get Senate Vote in July
Washington, DC, June 24--The co-author of legislation to create a $140 billion asbestos compensation fund said he hoped the bill would get a vote on the Senate floor next month, despite continuing controversy over who would pay what in financing the fund.
Home Depot to Acquire Williams Brothers
Atlanta, GA, June 24--Home Depot, according to the Atlanta Journal-Constitution, plans to acquire Suwanee-based Williams Brothers Lumber Co. to try to bolster its professional contractor business.