ServiceMaster Eyes $750M Loan Sale
Memphis, TN, October 3, 2007--ServiceMaster is expected to sell a $750 million block of its $2.85 billion funded term loan B at a discount of $0.95 on the dollar.
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.
Milliken Registers New York Showroom with LEED
Spartanburg, SC, October 3, 2007--Milliken & Company has registered the Milliken Floor Covering New York showroom in the Greeley Square Building with U.S. Green Building Council’s LEED for Commercial Interiors.
Tarkett Announces Price Increases
Farnham, Quebec, October 2, 2007 – Tarkett North American Residential has increased prices on resilient felt and fiber floor products effective November 1.
Non-Manufacturing Growth Slows in September
Tempe, AZ, October 3, 2007--Business activity in the non-manufacturing sector increased at a slower rate in September than in August, say the nation's purchasing and supply executives in the latest Non-Manufacturing ISM Report On Business.
Mortgage Apps Decrease Last Week
Washington, DC, October 3, 2007--Mortgage loan application volume fell 2.7% the week ending September 28, according to the weekly Mortgage Bankers Association (MBA) survey.
September Job Cuts Down but May Pick Up
Chicago, IL, October 3, 2007--Job cuts announced by U.S. employers fell 29% in September from a year earlier, reflecting fewer firings by automakers and parts suppliers, according to a report by a private placement firm.
Mohawk Ceramic Makes Major Environmental Strides
Dalton, GA, October 3, 2007--Mohawk’s Dal-Tile division continues to look for ways to become more environmentally efficient.
Sonoco Acquires Caraustar's Fiber Container Assets
Hartsville, SC, October 3, 2007--Sonoco has purchased the fiber containers and industrial plastic carriers assets of Caraustar Industries Inc.
ADP: Job Creation Up 58,000, Construction Falls
Roseland, NJ, October 3, 2007--Nonfarm private employment grew 58,000 from August to September on a seasonally adjusted basis, according to the ADP National Employment Report.
Afghanistan Carpet Industry Revitalizes
Kabul, Afghanistan, October 3, 2007-- Afghanistan's drive to resurrect its fabled carpet industry with U.S. assistance is a key element in the economic reconstruction of the land-locked Central Asian country, according to U.S. officials.