Hirst Halves Stake in Feltex
Wellington, New Zealand, March 20--Troubled carpet maker Feltex has been abandoned by a potential white knight, with rival Godfrey Hirst announcing today it has almost halved its stake in the New Zealand company.
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.
Consumer Sentiment Unchanged in March
Ann Arbor, MI, March 17, 2006--Consumer sentiment held steady in March, according to researchers at the University of Michigan.
Industrial Production Up 0.7% in February
Washington, D.C., March 17, 2006--Industrial production increased 0.7% in February, according to the Federal Reserve.
Toll Brothers CEO Sees Real Estate Growth
Horsham, PA, March 17, 2006-- Predictions of doom and gloom in the housing market are overblown and there is still room for real estate to grow as long as mortgage rates stay near historical lows, according the head of Toll Brothers, the nation's larg
Solutia Completes Extension & Upsizing DIP Financi
St. Louis, MO, March 17, 2006--Solutia Inc., today announced it has successfully completed the extension and upsizing of its debtor-in-possession (DIP) credit facility at a reduced interest rate.
Survey: Residential Mortgage Delinquencies Increas
Washington, DC, March 17, 2006--The delinquency rate for mortgage loans on one-to-four-unit residential properties was 4.70 percent at the end of the fourth quarter, up from 4.38 percent in the fourth quarter of 2004 and 4.44 percent in the third quarter
Hakatai Adds Glass Tile
Ashland, OR, March 17, 2006--Hakatai Enterprises’ Ashland Series is a rustic, multi-toned, 1”x1” glass tile available in a palette of 17 stylish colors.
Zwicker Named J.J. Haines President & CEO
J. J. Haines & Company, Inc., the second largest full line distributor of floor covering in the U.S., announced that Bruce A. Zwicker has been promoted to the position of President and CEO.
New Zealand’s Feltex Reveals New CEOs Pay Package
Wellington, New Zealand, March 16, 2006--Carpet-maker Feltex Carpets Ltd. Thursday revealed details of the remuneration package it proposes to pay its new chief executive.
Coverings 2006 Expecting to Set Record
Alexandria, VA, March 16, 2006--Coverings 2006 is in countdown mode to the April 4-7 expo and conference and it looks like records will be set.