Judge Lets Suit Against Stewart Proceed
New York, NY, May 20--A judge ruled Monday that an investor lawsuit against Martha Stewart's company may proceed through the discovery process.
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.
Pergo/Witex Merger On Hold
Trelleborg, Sweden, May 20--In April, Pergo's acquisition of Witex was postponed to sometime in May because financing for the new group had not yet been secured in a manner acceptable to the parties.
Hatch to Introduce Asbestos Bill Thursday
Washington, DC, May 20--The Republican senator crafting legislation to curb asbestos lawsuits said on Monday he would introduce a bill this week, and he appeared to have picked up a pledge of co-sponsorship from at least one Democrat.
Radici Group Signs European License Agreement for
Milan, Italy, May 16--The Radici Group today signed a master license agreement to produce and sell Ingeo fiber, a new technology that allows man made fibers to be derived from 100 percent annually renewable resources.
Lowe's Has Record First Quarter Earnings
Wilksboro, NC, May 19--Lowe's Companies reported net earnings of $421 million for the quarter ended May 2, a 21.7 percent increase over the same period a year ago. Diluted earnings per share increased 20.5 percent to $0.53 from $0.44 in the first quar
Flooring America Sales Jump
Manchester, NH, May 19--Flooring America has enjoyed a substantial sales increase in the past year, in spite of economic conditions that have left the rest of the flooring industry relatively flat, according to Flooring America President Evan Hackel.
Foamex's Plan of Reorganization Confirmed
Linwood, PA, February 1, 2007--Foamex International said today that the Bankruptcy Court has confirmed the company's Second Amended Joint Plan of Reorganization, setting the stage for the company's emergence from chapter 11, which is expected to o
McGraw Hill: Education the Hottest Green Building
New York, NY, January 26, 2007--McGraw-Hill Construction, part of The McGraw-Hill Companies released the latest issue of its SmartMarket Report series, detailing its findings of market research into green building in the education construction sector.
Executive Order Keys on Performance for Federal Bu
Washington, DC, January 25, 2007--President Bush released an Executive Order strengthening the Federal government's environmental and energy strategies. The Orders call for the head of each Federal agency to reduce "energy intensity" by 3 percent annu
Dubai-based Contractor Takes Stake in Tai Ping Par
Bangkok, Thailand, January 24, 2007--Depa United Group has paid 82 million baht for a 20% shareholding in Thailand Carpet Manufacturing Plc, the maker of Tai Ping and Royal Thai carpets. Tai Ping in Thailand has no association with Tai Ping Carpets Limite