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.
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.
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.
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.
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.
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.
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.
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.
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.
Tampa, FL, June 23--The dollar estimate of home improvement product sales for 2005 was revised upward by a total of $5.7 billion to a new record high level of $286.5 billion, representing an increase of 5.8% vs. 2004.
Washington, DC, June 23--Sales of existing homes were at the second highest pace on record in May as mortgage interest rates continued to decline, according to the National Association of Realtors.