Solutia Gets Pledge to Extend and Upsize DIP Finan
St. Louis, February 24, 2006--Solutia Inc., today announced it has received a fully underwritten commitment for $825 million of debtor-in-possession (DIP) financing, maturing March 31, 2007.
Today's Flooring News
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Home Depot Boosts Buyback by $1 Billion
Atlanta, GA, February 24, 2006--Home Depot said its board authorized the repurchase of an additional $1 billion worth of outstanding shares, bringing the total buyback authorization to $12 billion.
Durable Goods Orders Off 10.2% on Lower Aircraft O
Washington, DC, February 24, 2006--Durable goods orders dropped 10.2% in January as aircraft orders dried up after three months of strength, the Commerce Department reported Friday.
Help-Wanted Advertising Index Dips
New York, NY, February 24, 2006--The Conference Board Help-Wanted Advertising Index – a key measure of job offerings in major newspapers across America – dipped one point in January.
Online Job Demand Rises or Holds Steady in 15 of T
New York, NY, February 23, 2006—According to to the latest findings of the Monster Local Employment Index, online job availability increased or held steady in more than half of the top 28 U.S. metropolitan areas in January.
Sherwin-Williams Shares Drop on Lead Paint Ruling
Providence, RI, February 23, 2006--Sherwin-Williams stock fell as much as 22% Wednesday on reports that a verdict from a Rhode Island jury could cost the nation's biggest paint maker millions.
Robbins Flooring Michigan Plant to Lays Off 14-16
Ishpeming, MI, February 23, 2006--The Robbins Flooring mill in Ishpeming has been severely downsized.
NAR Launches Leading Index for Commercial Real Est
Washington, DC, February 23, 2006--The National Association of Realtors launched a new leading indicator for the commercial real estate market today that shows an increase in commercial brokerage activity can be expected over the next six to nine months.
Sears Essentials to Become Sears Grand
Hoffman Estates, IL, February 23, 2006--Sears Essentials stores will become Sears Grand as part of a retooling of the retailer's midsize store format, Sears Holdings Corp., said Wednesday.
Sears Canada Spurns Parent's Bid
Toronto, Ontario, February 23, 2006--Sears Canada Inc., urged its shareholders to reject the C$835.4 million ($726.4 million) buyout offer from U.S. parent Sears Holdings Corp., as inadequate.