Solutia Bankruptcy Background
St. Louis, MO, Dec. 21--Solutia Inc. will need to attack more than its environmental and retiree health care liabilities to fix its financial problems, according to the St. Louis Post-Dispatch.
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.
Federated Taps Chief of Burdines Division
Cincinnati, OH, Dec. 20--An executive who joined the Miami-based Burdines division of Federated Department Stores Inc. last year has been appointed its president and chief operating officer.
Hanley Wood Acquires DreamHomeSource.com
Washington, DC, Dec. 22--Hanley Wood has purchased Portland, OR based Dream Home Source, Inc.
Economy Will Boost Commercial Real Estate In 2004
Washington, DC, Dec. 19-–Occupancy rates in the office, retail, warehouse and multifamily real estate markets can be expected to improve gradually over the next two years, according to the National Association of Realtors.
CRI Releases Sustainability Report
Dalton, GA, Dec. 22--The Carpet and Rug Institute (CRI) has posted the carpet industry 2002 Sustainability Report on the CRI website.
Congoleum Extends Reorganization Vote Deadline
Mercerville, NJ, Dec. 19--Congoleum Corp. today announced that it has extended the deadline for votes to be submitted on the approval of its pre-packaged Chapter 11 plan of reorganization.
Solutia To Increase Nylon Fiber Price
St. Louis, MO, Dec. 19--Solutia Inc. has announced a price increase on nylon carpet fiber for the residential carpet market segment.
Ronile To Expand Yarn-Dyeing Operation
Rocky Mount, NC, Dec. 19--Ronile Inc. plans to expand its factory operations, adding 74 jobs and investing $1.15 million in its plant.
KB Home’s Net Income Up
Los Angeles, CA, Dec. 19--Net income at KB Home rose 12 percent in its fiscal fourth quarter as the home builder handily beat Wall Street analysts on an 11 percent jump in revenue.
Leading Indicators Climb
New York, NY, Dec. 18--Leading indicators rose in November, suggesting that the economy is poised for growth in the new year.