President Urges Asbestos Resolution
Washington, DC, January 10--President Bush on Friday urged Congress to pass federal legislation to resolve asbestos litigation that could end up costing U.S. companies $200 billion.
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.
Office Vacancy Drops in 4Q
New York, NY, January 7--Companies have contracted got more office space in the fourth quarter than they have in any quarter in the past four years, pushing vacancies down sharply.
American Capital Invests $39M in Halex & Capitol U
Bethesda, MD, January 7--American Capital Strategies Ltd. said that in December 2004 it invested an additional $39 million in its portfolio company Halex Corp. to refinance existing debt and to support the acquisition of Capitol USA.
Nardelli Steps down from Coke Board
Atlanta, GA, January 7--Robert Nardelli will resign from the board of Coca-Cola to concentrate on his job as chief executive of Home Depot, the home improvement retailer.
Alloc Files Infringement Action Against Kronotex i
Racine, WI, January 7--On December 20th, 2004, Alloc Inc., Berry Finance NV and Välinge Innovation AB filed a complaint alleging patent infringement against Kronotex US for its sales of the Easy Lock Flooring product in the district court for the northern
Homebuilders: Multifamily Housing Trending Up
Washington, DC, January 6--Apartment and condo builders are optimistic that the multifamily housing market will continue to strengthen over the next six months, according to the latest Multifamily Market Index.
Business Community Displeased with Draft Asbestos
Washington, DC, January 6--Businesses facing asbestos claims are chafing at the latest draft bill aimed at limiting their liability, even as President George W. Bush on Wednesday increased pressure on parties to broker a deal.
Retailers' December Sales Up
New York, NY, January 6—-The nation’s top retailers including Wal-Mart, Federated Department Stores and Best Buy posted December sales gains after steep discounts spurred a late surge in holiday shopping.
Flooring Adventures Intros Interlocking Tiles
Richmond, VA, January 6-- Flooring Adventures LLC has launched Tuff-Seal, a new line of vinyl interlocking floor tiles for commercial and residential use. The tiles contain a patented hidden interlock system.
Weekly Jobless Claims Up on Seasonal Factors
Washington, DC, January 6--Initial jobless claims jumped unexpectedly last week by 43,000, taking claims to their highest level since late September, a government report showed on Thursday -- but an official noted there were seasonal adjustment difficulti