Solutia Wins Settlement Approval
New York, NY, January 21--After receiving more time to file its reorganization plan, Solutia Inc. has garnered approval for a number of settlements to further ease its exit from bankruptcy, according to the Deal.com.
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.
Fabulous Floors Magazine Winter Issue on Newsstand
Ghent, NY, January 21--Timed for the busiest season for interior redecorating, more than 800 Lowe's Home Centers are featuring the Winter 2005 international edition of Fabulous Floors magazine in special promotional displays at the checkout area.
Leading Indicators Up for 2nd Straight Month
New York, January 21—The Index of Leading Economic Indicators, rose 0.2% in December, to 115.4, after a revised 0.3% increase in November, according to the Conference Board. It was the second straight monthly increase for the gauge after five consecutive
Weyerhaeuser Earnings More Than Double in 4Q
Federal Way, WA, January 21--Weyerhaeuser reported a sharply higher profit in the fourth quarter, boosted by increased sales across all of its divisions.
Federated in Talks to Buy May
New York, NY, January 20--Federated Department Stores Inc. is in talks about buying rival May Department Stores Co. in a deal that would create a huge retailer with $30 billion in combined sales and nearly 1,000 department stores.
Hitachi Intros Non-Slip Bathroom Flooring
Tokyo, Japan, January 21--Hitachi House Tech has announced the release of a plastic bathroom flooring product that uses independently developed technology to produce a lattice like pattern of micro sized protrusions on the surface to prevent slipping.
Wood Flooring Plant Planned for Maine
Skowhegan, ME, January 20--Plans are under way in Skowhegan for floor-manufacturing business in Northgate Industrial Park.
Sherwin-Williams Boosts 4Q Forecast
Cleveland, OH, January 20—-Paintmaker and retailer Sherwin-Williams Co. boosted its projected fourth-quarter earnings after sales came in better than planned during the period.
Martha Stewart to Close Web, Catalog Operations
New York, NY, January 20--Martha Stewart Living Omnimedia is closing its money-losing online store and catalog in February, according to a notice posted on the company's Web site.
Two Sport Flooring Companies Merge
Arlington Heights, IL, January 20--Sport Court International and Connor Sports Flooring Corporation have merged to create Connor Sport Court International.