Kmart Sues Martha Stewart Living
Troy, MI, Feb. 13--Kmart Holding Corp.on Friday said it had sued Martha Stewart Living Omnimedia Inc. claiming the home furnishings maker "double-counted" the royalties it is owed.
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.
Witex Names Siemerling President & CEO
Kennesaw, GA, Feb. 13--Witex is very pleased to announce that Hartwig Siemerling, former COO for the company, has accepted the position of President, CEO and Board Member.
Retail Sales Fall 0.3%
Washington, DC, Feb. 12--Retail sales fell unexpectedly in January as auto demand suffered the sharpest drop in 11 months.
Foamex Names New Chairman
Linwood, PA, Feb. 11--Foamex International Inc. announced that Raymond E. Mabus, Jr. has been elected as non-executive Chairman of the Board, effective immediately.
Koch to Base Parts of Invista in Wichita
Witchita, KS, Feb. 10--Koch Industries Inc. is planning to bring world headquarters for its new Invista business to Wichita, according a report in the Topeka The Capital-Journal. The newspaper cited an internal Koch memo.
Pergo Reports 4th Quarter and Year-End Results
Trelleborg, Sweden, Feb. 9--Pergo issued its year-end report for the 12 months ended December 31.
Mohawk 4th Quarter EPS Up 21%
Calhoun, GA, Feb. 5--Mohawk Industries, Inc. today announced the highest quarterly net earnings in its history of $102,142,000 and diluted earnings per share (EPS) of $1.51 (both 21% above last year) for the fourth quarter of 2003.
Housing Affordability Improves in Fourth Quarter
Washington, Feb. 4--A seasonal decline in home prices and rising family income led to improved housing affordability conditions in the fourth quarter.
Millstone Acquires Morelock Wood
Bend, OR, Feb. 3--Millstone Industries today announced that a letter of intent was signed for the purchase of Morelock Enterprises, Inc.
Judge Won't Remove Himself From Asbestos Cases
Newark, NJ, Feb. 3--A federal judge on Monday refused to remove himself from overseeing five bankruptcy cases involving companies sued by people exposed to asbestos.