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.
Wilmington, DL, Feb. 28—The bankruptcy judge overseeing the Burlington Industries bankruptcy has denied a motion to authorize Burlington to pay Berkshire Hathaway a $14 million breakup fee should Burlington sell to another entity.
Midland, MI, Feb. 28—The emulsion polymers business of Dow Chemical is increasing the prices of all latex products sold into the carpet industry by $0.02 per pound, effective April 1.
New York, NY, Mar. 4--U.S. manufacturing activity grew for a fourth straight month in February, but the pace of expansion slowed notably, according to the Institute for Supply Management. The group’s index of manufacturing activity fell to 50.5, slipping
New York, NY, Mar. 5--Kmart officials have vowed to emerge from bankruptcy as a culturally changed business, with more financial controls in place, and say they are still on track to make that goal by April 30.
Washington, DC, Mar. 7--The nation's unemployment rate increased to 5.8% in February as companies cut 308,000 jobs, the biggest one month slide since the 2001 terrorist attacks.
Greensboro, NC, Mar. 7--A federal judge has ordered that textile maker Burlington Industries go up for auction again.
New York, NY, Mar. 5--Martha Stewart said that the legal troubles that have tarnished her image and affected her company may soon be resolved.
New York, NY, Mar. 6--Winter storms and worries about war gave consumers more reasons not to shop in February, resulting in another month of disappointing sales.
Washington, DC, Feb. 27--Orders to U.S. factories for big ticket goods jumped by 3.3% in January, the best showing in six months. The increase in orders for durable goods came after two straight months of declines, according to the Commerce Department.
Valencia, Spain, Feb 28--Cevisama, the ceramics trade fair in Spain, is expecting the same turnover as last year, namely 721 million euros, ($77.5 million) as long as there is not a war, according to Armando Ibáñez, president of the Cevisama organizing co