Home Depot to Oppose Proposal from Relational Inve
Atlanta, GA, December 18, 2006--Relational Investors, LLC, an investment firm, intends to submit a proposal at the next annual meeting of Home Depot shareholders.
Today's Flooring News
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ProSource Targets Top Urban Markets with New Forma
St. Louis, MO, December 15, 2006--As part of a national growth strategy to enter the top U.S. home improvement markets, ProSource Wholesale Floorcoverings said it will launch a new, design-centered format showroom for metropolitan markets.
Evergreen to Restart in 1Q
Augusta, GA, December 12, 2006--Augusta's long-dormant Evergreen Nylon Recycling plant will be restarted early next year, creating up to 100 jobs and keeping nearly 70 million pounds of waste carpet out of regional landfills.
Jim Jolly to Step Down as J&J Industries CEO
Dalton, GA, December 12, 2006--J&J Industries has said that Jim Jolly will step down as chief executive officer, effective December 11, 2006. Jolly, 65, whose father co-founded J&J, has been with the company for 40 years and has held the offices of chairm
Tandus 3Q Earnings Up
Dalton, GA, December 12, 2006--Tandus Group, in the third quarter reported adjusted EBITDA that increased to $12.6 million from $6.8 million for the same period of last year.
Home Depot Set to Unveil China Deal
London, England, December 11, 2006--The Financial Times has reported that Home Depot is preparing to spend $100 million on a majority stake in Chinese chain HomeWay in a deal that will be unveiled in China this week.
Anderson Hardwood Opens Bob Anderson Design Center
Clinton, SC, December 11, 2006--Four generations of the Anderson Family gathered Friday for a ribbon cutting ceremony unveiling the new Bob Anderson Design Center, named for the late owner of Anderson Hardwood.
Existing-Home Sales Expected to Drop 8.6% in 2006
Washington, DC, December 11, 2006--Existing-home sales, finishing the third-best year on record, are projected for 2006 at 6.47 million, a decline of 8.6 percent, according to the latest forecast by the National Association of Realtors.
TTI to Acquire Hoover Floor Care Business
Hong Kong, December 7, 2006--Techtronic Industries Co. said it has entered into a purchase agreement to acquire the Hoover floor care business from Whirlpool Corporation.
Retail Container Ports Enter Slow Season
Washington, DC, December 7, 2006--Traffic at the nation’s major retail container ports is slowing down for the winter after hitting its annual peak.