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.
Rainham, England, December 14-- Carpetright PLC, the carpet and floor coverings retailer, reported a 16.5% increase in underlying interim profit and said its UK business is well positioned to continue outperforming the market.
Washington, DC, December 13--Retail sales in November increased 0.1%, according to the Commerce Department. Excluding automobiles, sales for the month rose solid 0.5%.
Leverkusen, Germany, December 13--Lanxess AG, a chemical company that is part of Bayer AG, said it has arranged a credit line of EUR 1.5 billion ($2B)with an international bank consortium led by Bank of America, Citibank, Commerzbank and Deutsche Bank.
Washington, DC, December 13--A U.S. trade panel on Friday approved anti-dumping duties of up to 198 percent on $1.2 billion worth of wooden bedroom furniture from China.
Geelong, Australia, December 13—Lightning has been blamed for a fire which forced the evacuation of 30 staff at Godfrey Hirst carpet factory on Friday night, according to the Geelong Advertiser.
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.
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.
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.