Solutia Chapter 11 Update
St. Louis, MO, Dec. 19--Solutia Inc. edged closer Thursday evening to gaining access to $75 million in bankruptcy financing, with the judge overseeing the specialty chemicals maker's newly filed Chapter 11 case.
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.
NAHB Expects Housing Market To Remain Strong
Washington, DC, Dec. 18--Coming off one of the housing market’s best years in history in 2003, the nation’s home builders expect to stay nearly as busy next year.
Solutia Files Voluntary Petition For Chapter 11 Re
St. Louis, MO, Dec. 17--Solutia Inc. announced today that it and 14 of its U.S. subsidiaries have filed voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code.
Housing Starts Rise In November
Washington, DC, Dec. 16--Housing starts rose 4.5% to a seasonally adjusted annual rate of 2.070 million homes in November, the Commerce Department said Tuesday.
Greenspan: China Isn't Costing U.S. Jobs
Washington, DC, Dec. 15--Federal Reserve Chairman Alan Greenspan said Thursday that a rise in the value of China's currency against the dollar probably would have little impact on America's soaring trade deficit or the loss of U.S. manufacturing j
Retail Sales Bounce Back
Washington, DC, Dec. 11--Retails sales bounced back in November amid an increase in demand at auto dealers and electronics stores.
Tandus' Earnings Down
Dalton, GA, Dec. 9--Tandus Group, Inc., which includes Collins & Aikman Floorcoverings, Inc., and Subsidiaries, reports earnings for the third quarter (13 weeks) and nine months year-to-date (39 weeks) ended October 25.
WFCA To Manage FCIF Operations
Anaheim, CA, Dec. 8--The board of directors of the World Floor Covering Association (WFCA) and the Floor Covering Industry Foundation (FCIF) have entered into a agreement whereby the WFCA will manage the day-to-day operations of the FCIF.
Dixie Sells Ringgold Plant To Shaw
Chattanooga, TN, Dec. 5--The Dixie Group, Inc. on Friday announced that it had executed a definitive agreement to sell its Ringgold, Georgia, spun carpet yarn production facility to Shaw.
Arrests Made in Home-Improvement Scam
Atlanta, Dec. 5-- Secret Service agents arrested three people Thursday on charges of defrauding Home Depot and Lowe's stores across the South out of $150,000 in rugs and other merchandise by switching the bar codes on products.