Wholesale Prices Edge Higher
Washington, DC, Oct. 10--Wholesale prices rose last month, but at a slower pace than in August, as the ability for businesses to raise prices remains weak despite recent acceleration in the economy.
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.
Bruce Hardwood Closes Plant
Port Gibson, MS, Oct. 10--The Bruce Hardwood flooring plant in Claiborne County will close for good, eliminating about 140 jobs, a company spokesman said Wednesday, according to the Vicksburg Post.
Solutia Refinances Credit Facility
St. Louis, MO, Oct. 9--Solutia today announced that it has closed on a new revolving credit facility effective Oct. 8.
Judge Questions Case Against Martha
New York, NY, Oct. 9--A federal judge mocked the criminal case against Martha Stewart, then handed her a victory by allowing her lawyers to question key government witnesses before her big trial in January, court papers show.
Milliken Intros Trading Spaces Brand Carpet Panel
La Grange, GA, Oct. 9--In one of the first episodes of "Trading Spaces: Family," there was a serious need to find a solution and replace the old carpet without breaking the budget by refinishing the wood floors underneath.
Solutia Expects Third Quarter Loss
St. Louis, MO, Oct. 9--Solutia, Inc. indicated that it expects an after-tax loss in the range of $1.65 to $1.70 per share for the third quarter.
Federated Sales Strong
New York, NY, Oct. 9--Federated Department Stores, parent of the Macy's and Bloomingdale's department stores, on Thursday posted a 3.2 percent rise in September sales at stores open at least a year and raised its third-quarter profit forecast.
JP Morgan Gives Mohawk Neutral Rating
New York, NY, Oct. 8--Analysts at JP Morgan initiate coverage of Mohawk Industries with a "neutral" rating.
Lowe's Eyes Europe
Wilkesboro, NC, Oct. 8--Lowe's executives are in Europe this week, meeting with retailers including Kingfisher, a British chain Home Depot is interested in acquiring.
AFPF Publishes Installation Guidelines
Arlington, VA, Oct. 8--The Alliance for Flexible Polyurethane Foam (AFPF) has just published Installation Guidelines for Commercial Carpet and Commercial Bonded Polyurethane Carpet Cushion.