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.
New York, NY, February 15, 2008--A federal judge has delayed ruling on whether to compel Citigroup Inc. Chief Executive Vikram Pandit to answer questions about the bank's decision to back out of Solutia Inc.'s $2 billion bankruptcy-exit financing.
Washington, D.C., February 14, 2008 — Renewable materials and energy-efficient products for kitchens and baths have risen in popularity, according to the American Institute of Architects.
Chagrin Falls, OH, February 14, 2008 – Johnsonite has launched johnsoniteenvironment.com.
Washington, DC, February 15, 2008-- The Federal Reserve said that industrial production rose by 0.1 percent in January, matching the December increase.
New York, NY, February 15, 2008--Standard & Poor's Ratings Services has cut the corporate credit rating on Foamex LP to 'B-' from 'B' and placed the rating on negative watch.
Calhoun, GA, February 13, 2008--Net income for Mohawk Industries Inc. fell in the fourth quarter compared to a year ago. The company reported net income of $107.5 million, or $1.57 per share compare to $129.5 million and $1.90 per share a year ago.
Chattanooga, TN, February 14, 2008--Propex Inc. won final court approval Wednesday to use all of its $60 million loan to keep its manufacturing business operational during its Chapter 11 bankruptcy case.
Kennesaw, GA, February 14, 2008 –Lewis Perkins has been named director of sustainable strategies for the Mohawk Group.
Washington, DC, February 14, 2008--Federal Reserve Chairman Ben Bernanke the economy has deteriorated and hinted that the central bank is ready to keep on lowering interest rates.
Orlando, FL, February 13, 2008-- Housing starts could drop another 30 percent in 2008, matching last year’s sharp drop, according to a forecast by the National Association of Home Builders presented at the organization’s annual convention.