Report: Office Market Poised for Growth in 2007
New York, NY, January 3, 2007--According to the 2007 Global Real Estate Forecast from real estate company Grubb & Ellis Co, a healthy economy will fuel growth in the U.S. office market in 2007.
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.
Nardelli Resigns, Blake Succeeds
Atlanta, GA, January 3, 2007--Home Depot's board of directors and Bob Nardelli said today that they have mutually agreed that Nardelli would leave his position as Home Depot's chairman, president & CEO and as a director effective January 2, 2007.
Pergo Receives Settlement in Witex Dispute
Trelleborg, Sweden, January 2, 2007--Pergo AB, said it has successfully settled the arbitration case initiated by the bankrupt estate of Witex AG against Pergo Holding BV in June 2004.
Solutia Unveils Updated Bankruptcy Plan
St. Louis, MO, December 29, 2006--Solutia on Thursday revealed an updated reorganization plan that includes a better deal for the bondholders: Their $455.4 million claim shifts from the general pool of unsecured debt to a special category entitling them t
Consumer Confidence Index Improves in December
New York, NY, December 28, 2006--The Conference Board Consumer Confidence Index, which was virtually unchanged in November, improved in December.
Existing Home Sales Up 0.6%
Washington, DC, December 28, 2006--Sales of existing homes rose 0.6% in November, to a seasonally adjusted annual rate of 6.28 million, the National Association of Realtors said Thursday. Inventories of unsold homes fell 1%, to 3.82 million, representing
NAM: Economy Decelerating Toward Soft Landing
Washington, DC, December 27, 2006--“After slowing to a ‘below-potential’ pace in recent quarters, the economy will continue decelerating toward a ‘soft landing’ in the coming year,” said David Huether, chief economist for the National Association of Manuf
New Home Sales Up 3.4% in November
Washington, DC, December 27, 2006--Sales of new homes in November rose 3.4 percent to an annual pace of 1.047 million following a 1.013 million rate the prior month, which was faster than previously reported, according to a Commerce Department report.
Beaulieu Intros Coronet Soft Classics
Dalton, GA, December 26, 2006--Beaulieu of America has launched a new carpet collection called Coronet Soft Classics. The collection is positioned as the retailers’ new “Go To” Retail Profit And Selection Center.
Retailers Hoping for Post-Holiday Surge
New York, NY, December 26, 2006--Consumers are expected to troop back to retail stores Tuesday, looking to return ill-fitting apparel, cash in gift cards and take advantage of post-Christmas clearance discounts.