Solutia Will Exit Bankruptcy on Thursday
St. Louis, MO, February 26, 2008-- Solutia Inc. said Tuesday it has received court approval for its $2.05 billion exit financing package and the company plans to emerge from Chapter 11 bankruptcy on Thursday.
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Billings Hospital To Recycle 90k Pounds of Carpet
Billings, MT, February 28, 2008--A Billings, Montana clinic plans to recycle 90,000 pounds of carpet.
First Time Jobless Claims Rise 19,000 Last Week
Washington, DC, February 28, 2008—Initial jobless claims rose 19,000 last week.
Rug Decor Makes Entrepreneur Franchise List
St. Louis, MO, February 28, 2008 --Rug Décor has been named to Entrepreneur magazine's Franchise 500 listing, coming in at number 369.
Dal-Tile Signs Deal for Industrial Space
Dallas, TX, February 28, 2008--Dal-Tile Corp., a manufacturer of stone and ceramic tile products, has signed a deal to occupy 148,827 square feet in Orlando, Fla.
Real Estate Execs To Address Senate Committee
Washington, DC, February 28, 2008--Real estate executives are scheduled to testify at a Senate Finance Committee hearing Thursday.
Solutia, Bondholders, Reach Agreement
New York, NY, February 28, 2008--A Manhattan bankruptcy judge has approved Solutia Inc.'s $220.5 million settlement with a group of bondholders.
Dixie Group 4Q Sales Dip Beats Industry Average
Chattanooga, TN, February 26, 2008—The Dixie Group earnings from continuing operations slid 46 percent in the fourth quarter compared to a year ago.
New Home Sales Fall to 13-Year Low
Washington, DC, February 27, 2008--Sales of new single-family homes fell 2.8 percent in January to a seasonally adjusted annual rate of 588,000, the lowest number since February 1995, the Commerce Department said Wednesday.
Beaulieu Commercial Using 100% Green Energy
Adairsville, GA, February 27, 2008-- Beaulieu Commercial has become the first commercial carpet manufacturer to replace 100 percent of the energy used to power its operations with renewable energy.