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.
Wilmington, DE, May 1--DuPont has formed a board of directors for DuPont Textiles & Interiors (DTI), which began operating as a wholly owned subsidiary of DuPont in February. Effective May 1, the board will have full operating responsibility for DTI.
Troy,MI, May 7--Kmart Corp. emerged from bankruptcy after more than 15 months of Chapter 11 protection. The retailer has 600 fewer stores and new leadership since filing for protection from its creditors in early 2002.
Farnham, Quebec, May 1-- Domco Tarkett’s board of directors has set up a special committee to consider an offer by Tarkett Sommer AG, the company’s major shareholder, to purchase all the outstanding shares of Domco Tarkett it does not already own.
Troy, MI, May 7--Kmart Corp. said it posted a $483 million loss for March, its third straight month of losses.
Fort Mill, SC, May 6--Springs Industries, Inc. announced today it has completed its acquisition of Charles D. Owen Manufacturing Co., Inc. The purchase joins the leading supplier of consumer blankets with the leading supplier of home furnishings products.
Washington, D.C., May 5--The American Society of Interior Designers (ASID) is pleased to announce the election results for the fiscal year 2004 board of directors.
New York,May 7--Standard & Poor's Ratings Services said today that it lowered its long-term corporate credit and senior unsecured debt ratings on Atlanta, Ga.-based carpet manufacturer Interface Inc. IFSIA.O to 'B' from 'B+'.
Omaha, NE, May 6--Warren Buffett said on Sunday he has named four potential successors to run his Berkshire Hathaway Inc. conglomerate, after he dies or is unable to run the company, but said those names could change.
Chattanooga, TN, Apr. 29--The Dixie Group, Inc. had a net loss of $336,000, or $0.03 per diluted share, for the first quarter ended March 29, compared with net income of $496,000, or $0.04 per diluted share, for the same period a year ago.
Des Plaines, IL, Apr. 30--While negotiators for businesses, insurers, labor unions and congressional leaders iron out an agreement aimed at creating an industry financed national asbestos trust fund