Furniture Retailer Files for Bankruptcy Protection
Wheeling, IL, February 5, 2008--Wickes Furniture Co. has filed for bankruptcy protection.
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.
Lenders Help Out Home Builder Hovnanian
Red Bank, NJ, February 5, 2008--Home builder Hovnanian Enterprises said in an SEC filing that lenders have temporarily waived certain conditions of its credit facilities.
Beazer Exiting Mortgage Business, Five Markets
Atlanta, GA, February 1, 2008--Home builder Beazer Homes said Friday that it will discontinue its mortgage origination business and had signed an agreement with Countrywide Financial Corp. It is also leaving five home building markets.
Empire Opens New Texas Call Center
Northlake, IL, February 5, 2008--Empire Today is opening a new El Paso, Texas Customer Service Call Center.
Solutia Demands Completion of Financial Package
St. Louis, MO, February 4, 2008--Solutia Inc. has issued a formal demand to the lead arrangers of the company's exit financing package to fund their commitment on Feb. 6.
Remax Names Empire Approved Supplier
Northlake, IL, February. 4, 2008 --Empire Today has been named an approved supplier for real estate giant RE/MAX International Inc.
Private Equity Firm Buys Tile Company IWT
Palm City, FL, February 4, 2008—Private equity firm New Stream Capital has acquired International Wholesale Tile.
Job Cuts Balloon in January, Says Consultancy
Chicago, IL, February 4, 2008 -- Job cuts increased 69 percent in January from December, according to outplacement consultants Challenger, Gray & Christmas Inc.
Construction Spending Falls More Than Expected
Washington, DC, February 1, 2008—U.S. construction spending fell 1.1 percent in December.
Hess To Become New Chairman at Rieter
Winterhur, Germany, January 30, 2008--Roland W. Hess will succeed Kurt Feller as chairman of the board at Rieter Holding Ltd. at the firm's annual meeting May 8.