Judge Rules in Favor of Solutia
St. Louis, MO, May 2, 2007--Judge Prudence Carter Beatty today issued a ruling in favor of Solutia Inc. in the JPMorgan bondholder litigation.
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.
Missouri Hardwood Plant Suffers Loss
Pierce City MO, May 2, 2007--Officials with Mid-America Hardwoods Inc. say a fire that destroyed 240,000 board feet in a kiln building will not interrupt the company’s production of hardwood flooring.
Foamex Reverse Stock Split Effective
Linwood, PA, May 1, 2007--Foamex said that, as of the opening of trading on May 1, 2007, its one-for-four reverse stock split will be effective and its new trading symbol will be "FMXL."
Centex 4Q Earnings Drop 49%
Dallas, TX, May 1, 2007--Homebuilder Centex reported fiscal fourth-quarter earnings that dropped 49 percent to $198.9 million, or $1.60 per share, from $391.8 million, or $3.04 per share, in the prior-year quarter.
Vacation-Home Sales Rise to Record
Washington, DC, May 1, 2007--Second-home sales were mixed in 2006, with the combined total of vacation-and investment-home sales accounting for 36 percent of all existing and new residential transactions.
Pending Home Sales Down 4.9%
Washington, DC, May 01, 2007--Pending home sales show sales closed in April are likely to remain soft, with some drag possible in May as well, according to the National Association of Realtors.
ISM: New Orders, Production and Employment Growing
Tempe, AZ, May 1, 2007--Economic activity in the manufacturing sector expanded in April for the third consecutive month.
Study: Only 30% of Mobile Users Go Online
Scottsdale, AZ, May 1, 2007--According to a study commissioned by iCrossing, a digital marketing agency, only 30 percent of mobile users access the Internet on their mobile devices.
Sprinturf Announces Private Equity Buy Out
Wayne, PA, May 1, 2007--Sprinturf announced a private equity buyout by S-Turf Acquisition Corporation and the successful completion of $10 million dollars in financing.
UFLOOR Intros One Component Polyurethane Primer
Greensboro, NC, May 1, 2007--UFLOOR Systems, the North American subsidiary of the Uzin-Utz Group, introduced UZIN PE 414 Turbo, a one-component polyurethane primer for floor covering and wood flooring installations.