Unifi to Explore Potential Merger or Sale
Greensboro, NC, October 20, 2005--Unifi Inc. said it is exploring various options, including a potential merger or sale of the company and restructuring of its outstanding debt.
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.
Sears Canada Reports 3Q Loss
Toronto, Ontario, October 20, 2005--Sears Canada reported a third-quarter loss, mainly because of pretax charges and staffing costs.
Congoleum Retains New Insurance Counsel
Mercerville, NJ, October 20, 2005--Congoleum Corp. said the law firm of Gilbert Heintz & Randolph will be withdrawing as coverage counsel by mutual agreement following an appeals court ruling that it had other representations which were in conflict with i
Trucking Companies Covenant, US Xpress Slide on Do
New York, NY, October 20, 2005--Shares of truckers Covenant Transport and US Xpress headed downhill Wednesday after an analyst downgraded both stocks on the companies' limited ability to offset higher costs.
Jobless Claims Drop by 35,000
Washington, DC, October 20, 2005--First-time jobless claims dropped by 35,000 to 355,000 in the week ending Oct. 15, according to the Labor Department.
AIA’s Architecture Billings Index to be Available
Washington, DC, October 20, 2005 — The American Institute of Architects (AIA) officially introduced the Architecture Billings Index.
More on the Merger Talks of Feltex and Godfrey Hir
Wellington, New Zealand, October 20, 2005--The canned merger between carpet-makers Feltex and Godfrey Hirst won't be revived, but sharing a wool-scouring facility or trading plants are options the rivals will explore within the next few weeks.
Leading Indicators Off 0.7%
New York, NY, October 20, 2005--The Conference Board announced today that the U.S. leading index decreased 0.7 percent, the coincident index decreased 0.1 percent and the lagging index increased 0.2 percent in September.
Pakistan’s Carpet Exports May Face Sharp Decline
Karachi, Pakistan, October 19, 2005--Pakistan's carpet exports may face a decline in the current financial year due to the natural calamities in the United States and the skyrocketing oil prices.
Federated Names Macy's Midwest Heads
Cincinnati, OH, October 19--Federated Department Stores named William P. McNamara chairman and chief executive of its Famous-Barr division, which will be renamed Macy's Midwest on Feb. 1.