Solutia Fights Bank Over Debt Claim
New York, NY, October 12, 2007--Solutia says a group of bondholders led by Bank of New York Mellon Corp. is exaggerating by more than $40 million the amount of debt the specialty-chemicals company owes it.
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.
Centex Financial Picture Deteriorates
Dallas, TX, October 12, 2007--Centex Corp. said it expects to record an impairment of about $850 million for the second quarter related to neighborhood and land inventory.
Barker Named Johnsonite Consultant
Chagrin Falls, OH, October 12, 2007—Johnsonite has named Erin Barker solution development consultant for the Southeast region.
Carpet Largest Iranian Export Other Than Oil
Tehran, Iran, October 12, 2007--Iran's hand-woven carpet ranks first in non-oil export and third in overall export, head of the National Iranian Carpet Center says.
New Home Prices Inch Up in Canada
Ottawa, Ontario, October 11, 2007--The price of new homes in Canada rose 0.4% in August from July and 6.5%from August 2006, Statistics Canada said on Thursday
Jobless Claims Fell 12,000 Last Week
Washington, DC, October 11, 2007—Jobless fell by 12,000 to 308,000 for the week ended October 6, according to the Labor Department.
Foreclosures Up 99% from Last Year
Irvine, CA, October 11, 2007—RealtyTrac released its September 2007 Foreclosure Market Report, which shows a total of 223,538 foreclosure filings, default notices, auction sale notices and bank repossessions reported during September.
NAR: Mortgage Market Improving
Washington, DC, October 10, 2007--Conditions in the mortgage market are improving for consumers, which should help to release some pent-up demand in early 2008, according to the latest forecast by the National Association of Realtors.
Coverings’ Online Registration Opens Nov.12
Alexandria, VA, October 11, 2007--Online registration for 2008 Coverings will be accessible starting Monday, November 12, six months out from the April 29th-May 2nd international tile and stone exposition and conference.
EcoTimber Offers Formaldehyde-Free Bamboo
San Rafael, CA, October 9, 2007--EcoTimber said it is the first flooring company in North America to offer bamboo flooring made with formaldehyde-free adhesives as a standard product.