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.
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--Retail sales in November increased 0.1%, according to the Commerce Department. Excluding automobiles, sales for the month rose solid 0.5%.
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.
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.