Asbestos Bill Gaining Momentum
Washington, DC, May 13--The outlook for a Senate bill that would remove asbestos litigation from the courts improved Thursday after two days of committee action clinched a crucial Democratic vote.
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.
Fundamentals Postive in the Commercial Real Estate
Washington, DC, May 13--The four major sectors of the commercial real estate market – office, retail, industrial and multifamily –can expect improvement over the next two years.
Collins & Aikman Hit by Liquidity Issues, CEO Out
Troy, MI, May 13--Auto parts and carpet supplier Collins & Aikman said its chief executive resigned as it faces significant near-term liquidity issues.
Turkey, the World’s Carpet Repair Capital
Sultanhany, Turkey, May 12--Worn-out antique carpets from the United States, Germany, England, France and Italy find new life in the Aksaray district of Sultanhany, Turkey.
Rug Designer Featured on TV
Chicago, IL, May 12--Jerry Krull, owner and lead designer of Aspen Carpet Designs in Mokena, IL, is featured on a national cable television program this month.
Wal-Mart 1Q Earnings Up, Miss Estimates
Bentonville, AR, May 12--Wal-Mart Stores reported a 14 percent increase in first-quarter earnings, but the results missed Wall Street estimates.
Stainmaster Offers New Online Source for Consumers
Atlanta, GA, May 12-- Stainmaster carpet has developed a new section of the Stainmaster carpet Web site.
Ulf Mattsson Named Molnlycke Health Care CEO
Göteborg, Sweden, May 12--Molnlycke Health Care, a manufacturer, marketer of single-use products for surgical interventions and wound care, has named Ulf Mattsson CEO.
Forbo-Nairn Hopes to Lead Fight Against MRSA Super
Kirkcaldy, Scotland, May 12--A Scottish flooring manufacturer that claims its product can help the NHS in Scotland combat the superbug MRSA has increased sales by over 13 per cent compared with last year.
April Retail Sales Up 1.4%
Washington, DC, May 12--Retail sales rose 1.4% in April, according to the Commerce Department. The increase came after an upwardly revised 0.4% increase in March. March sales were originally reported as having increased 0.3%.