Solutia Completes Repricing of Debtor-In-Possessio
St. Louis, MO, June 2--Solutia Inc. today announced it has reached agreement with its lenders to amend its debtor-in-possession (DIP) financing, pending approval by the U.S. Bankruptcy Court.
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.
Pending Home Sales Index Hits Record
Washington, DC, June 2--The Pending Home Sales Index, a leading indicator for the housing market, has risen to the highest level on record, according to the National Association of Realtors.
Factory Orders Up in April
Washington, DC, June 2--Demand for new factory goods increased 0.9% in April, the fastest gain in five months, the Commerce Department reported Thursday.
Electric Aquagenics Launches Antimicrobial Cleanin
Lindon, UT, June 2--Electric Aquagenics Unlimited and its joint venture partner, American MoldGuard, have launched Zero Plus, Inc., a Safe Living Initiative incorporating EAU's Empowered Water as a new cleaning technology for carpet and living surface
Hovnanian 2Q Earnings Up 50%
Red Bank, NJ, June 1--Luxury home builder Hovnanian Enterprises reported earnings in the second fiscal quarter that rose about 50 percent, driven by higher home prices and greater market penetration.
Sherwin-Williams President Resigns
Cleveland, OH, June 1--Sherwin-Williams's president and chief operating officer, Joseph M. Scaminace, resigned Tuesday after 22 years with the nation's largest paint maker to take the top post at OM Group Inc., a specialty chemical manufacturer.
Australia’s Boral Makes Hardwood Acquisitions
Sydney, Australia, June 1--Boral today announced that it has invested around $21 million to acquire the Davis & Herbert (D&H) timber operation and the hardwood business of Fennings Timber.
Interface and Tricycle Build on Sustainable Produc
Chattanooga, TN, June 1--Interface Flooring Systems is leading the flooring industry into a new evolution of sustainable product design, with a customized installation of Tricycle's Apso product development systems at the company's LaGrange facili
Lowe's Announces Executive Changes
Mooresville, NC, June 1--Lowe's announced today that senior executive vice president of merchandising/marketing, Dale C. Pond, plans to retire effective June 30.
Chain Store Sales Off Last Week
New York, June 1--Chain store retail sales fell in the last week, taking the index to its lowest reading in nine weeks as cooler weather curbed consumers purchases of seasonal goods, a retail report said on Wednesday.