Solutia To Increase Nylon Fiber Price
St. Louis, MO, Dec. 19--Solutia Inc. has announced a price increase on nylon carpet fiber for the residential carpet market segment.
Today's Flooring News
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Ronile To Expand Yarn-Dyeing Operation
Rocky Mount, NC, Dec. 19--Ronile Inc. plans to expand its factory operations, adding 74 jobs and investing $1.15 million in its plant.
KB Home’s Net Income Up
Los Angeles, CA, Dec. 19--Net income at KB Home rose 12 percent in its fiscal fourth quarter as the home builder handily beat Wall Street analysts on an 11 percent jump in revenue.
Leading Indicators Climb
New York, NY, Dec. 18--Leading indicators rose in November, suggesting that the economy is poised for growth in the new year.
Manufacturing Picks Up
Philadelphia, PA, Dec. 18--The Philadelphia Federal Reserve reported factory orders in its region hit a 23-year high in December as the employment situation improved.
Jobless Claims Off
Washington, DC, Dec. 18--The Labor Department reported that the number of workers filing first-time applications for unemployment benefits dropped by 22,000 to 353,000 in the week ended Saturday.
Monsanto Responds To Solutia's Chapter 11 Fili
St. Louis, MO, Dec. 18--Monsanto Chairman, President and Chief Executive Officer Hugh Grant said today that the company is fully prepared to manage potential liabilities that may come to it as a result of Solutia Inc.'s filing for reorganization under
Wool Price Slides To Counter Dollar Rise
Auckland, NZ, Dec. 18--Just how much the soaring Kiwi dollar is hurting farm incomes is obvious when you compare it with the price of wool.
Coverings Unveils New Website
Alexandria, VA, Dec. 18--Coverings, the preeminent showcase for ceramic tile and natural stone floorcoverings, announced the launch today of its newly refurbished Website.
Fitch Downgrades Solutia's Sr Sec & Unsec Rati
Chicago, IL, Dec. 18--Fitch Ratings has downgraded Solutia Inc.'s senior secured credit facility rating to 'DDD' from 'B-' and the ratings on the senior secured and senior unsecured notes to 'D' from 'CCC'.