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.
Tokyo, Japan, December 10--Sumitomo Corporation has announced its entry into the recycling business with the allocation of new shares to a third-party from Refineverse Inc., a polyvinyl chloride interior waste material recycling venture business.
Eglisau/Zurich, Switzerland, December 10--The Board of Directors of Forbo announced that Michael Pieper has stepped down from his directorship at Forbo Holding effective immediately.
Ann Arbor, MI, December 10-- The University of Michigan's preliminary sentiment index rose to 95.7 from 92.8 in November. Economists were expecting the index to rise to 93.5.
Kirkcaldy, Scotland, December 10--Forbo-Nairn said research indicated that MRSA and other harmful micro-organisms cannot live or breed on its Marmoleum.
New York, NY, December 10--Standard & Poor's Ratings Services today raised its long-term ratings on Lowe's Cos. Inc. (LOW) to 'A+' from 'A'. The outlook is stable. The 'A-1' short-term ratings on the company were affirmed.
Washington, DC, December 10—The producer price index rose 0.5 percent in November, after a 1.7% increase the October, according to a Labor Department report.
Huntingdon Valley, PA, December 9--Luxury homebuilder Toll Brothers said Thursday that fourth-quarter earnings nearly doubled year-over-year, and the company predicts that profit will grow by at least 40 percent in fiscal 2005.
St. Louis, MO, December 9--For the first time ever, FlooringKnowledge.com and Flooring America have partnered to conduct a flooring industry survey that will gather first-hand information on the status of flooring retailers today.
New York, NY, December 13--New York Construction News has presented Jordan Kane with the Award of Merit for their participation in the Hudson Valley Transportation Project.
Issaquah, WA, December 9--Costco Wholesale, the largest U.S. warehouse club, posted a 21 percent increase in quarterly profit on Thursday.