Jobless Claims Off
Washington, DC, Dec. 18--The Labor Department reported that the number of workers filing first-time applications for unemployment benefits dropped by 22,000 to 353,000 in the week ended Saturday.
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.
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.
Mullican Flooring Announces 2004 Classes
Johnson City, TN, Dec. 18--From the forest to the floor, wood is a dynamic product, and in today’s expanding hardwood flooring market, education is the key to success.
Kronotex Finalizes Plans For New Plant
Barnwell, SC, Dec. 18--Officials from the largest industry to locate in the Bamberg-Allendale-Barnwell area in at least 20 years are moving ahead with development at the South Carolina Advanced Technology Park near Snelling.
Wool Price Slides To Counter Dollar Rise
Auckland, NZ, Dec. 18--Just how much the soaring Kiwi dollar is hurting farm incomes is obvious when you compare it with the price of wool.
Coverings Unveils New Website
Alexandria, VA, Dec. 18--Coverings, the preeminent showcase for ceramic tile and natural stone floorcoverings, announced the launch today of its newly refurbished Website.
Fitch Downgrades Solutia's Sr Sec & Unsec Rati
Chicago, IL, Dec. 18--Fitch Ratings has downgraded Solutia Inc.'s senior secured credit facility rating to 'DDD' from 'B-' and the ratings on the senior secured and senior unsecured notes to 'D' from 'CCC'.
Monsanto Responds To Solutia's Chapter 11 Fili
St. Louis, MO, Dec. 18--Monsanto Chairman, President and Chief Executive Officer Hugh Grant said today that the company is fully prepared to manage potential liabilities that may come to it as a result of Solutia Inc.'s filing for reorganization under
Summitville Tile Files Chapter 11
Youngstown, OH, Dec. 17--Calling itself one of the last remaining family-owned producers of ceramic tile in the country, Summitville Tiles filed a petition for Chapter 11 bankruptcy protection.
Honeywell To Target China's Nylon Carpet Marke
China, Dec. 17--Honeywell International Inc. has launched a series of business and investment plans, targeting China's nylon carpet market. It’s another big move for the firm following its acquisition of Zefron.