Propex Files Motion To Sell Itself To Investors
Chattanooga, TN, Feb. 18, 2009--Propex Inc. said it filed a motion with the U.S. Bankruptcy Court in Chattanooga to sell its assets to an affiliate of Wayzata Investment Partners by March 24.
Today's Flooring News
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Foamex Files for Bankruptcy Again
Media, PA, Feb. 18, 2009--Foamex International filed for Chapter 11 bankruptcy protection for the second time in four years to restructure its debt.
Mullican Names National Builder Manager
Johnson City, TN, Feb. 18, 2009--Edward Hampton has been named national builder manager for hardwood flooring manufacturer Mullican Flooring.
Initial Jobless Claims Hold Steady
Washington, DC, Feb. 19, 2009--Initial jobless claim were unchanged at 627,000 for the week ending Feb. 14, the Labor Department reported on Thursday.
Beaulieu Hosts Media at Surfaces Luncheon
Las Vegas, NV, Feb. 19, 2009--One of the largest exhibitors at Surfaces hosted some of the biggest titles in women’s and shelter magazines at an invitation-only luncheon.
Wholesale Inflation Rises More Than Expected
Washington, DC, Feb. 19, 2009--Wholesale inflation jumped unexpectedly in January, reflecting sharply higher prices for gasoline and other energy products.
Mohawk Engineer Elected to Environmental Board
Dalton, GA, Feb. 19, 2009--Greg Jones, senior environmental engineer at Mohawk Industries, has been elected to the board of directors for The Georgia Industry Environmental Coalition (GIEC) for 2009.
Solutia Income Up in 2008 Despite Slow 4Q
St. Louis, MO, Feb. 18, 2009--Solutia Inc. reported a 14% increase in net sales and a 29% increase in adjusted EBITDA from continuing operations for 2008, as compared to 2007 on a pro forma basis.
Housing Starts, Permits, Hit Record Lows
Washington, DC, Feb. 18, 2009--Housing starts and building permits fell to new record lows for the second consecutive month, according to the Commerce Department.
AIA Billings Index Falls Again
Washington, DC, Feb. 18, 2009--The Architecture Billings Index fell to a historic low of 33.3 in January, from 34.1 in December, according to the American Institute of Architects. Any reading below 50 indicates a decline in billings.