Chicago Purchasing Managers' Index Up
Chicago, IL, December--A gauge of business activity rebounded from the first contraction in more than three years as orders and production increased, according to a Chicago-based purchasing managers' group.
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.
Flooring America Donates $65,000 to American Heart
Manchester, NH, December 27, 2006--When Flooring America joined forces with the American Heart Association’s Go Red For Women movement earlier this year, the company hoped it could do some good.
Report: Carpetright Chief Plans Boardroom Shake-Up
South Mall, Ireland, December 26, 2006--The founder of Carpetright is planning a shake-up at the retail group which will see the dual role of chairman and chief executive split, according to a report.
Solutia Seeks Court OK for CEO Raise
St. Louis, MO, December 22, 2006--Solutia Inc. will seek bankruptcy court approval of a raise for Chief Executive Jeffry Quinn, according to a regulatory filing Wednesday.
Mohawk to Require CRI Seal on Cleaning Products
Dalton, GA, December 21, 2006--Beginning in 2007, Mohawk Industries will require that carpet care products used to clean its carpets have the Carpet and Rug Institute’s Seal of Approval.
Architecture Billings Up in November
Washington, DC, December 21, 2006--After consecutive months of very modest growth, the Architecture Billings Index (ABI) saw a considerable jump in November to its second highest reading of the year.
PPI Up 2 Percent on Energy, Autos
Washington, DC, December 19, 2006--Producer prices rose much more than expected in November, as the core producer price index rose by the most since July 1980, the Labor Department said.
Home Depot Launches $3B Repurchase
Atlanta, GA, December 14, 2006--Home Depot said its board of directors has authorized the immediate repurchase of $3 billion of outstanding shares through an accelerated share repurchase agreement.
Solutia To Extend and Increase DIP Financing
St. Louis, MO, December 15, 2006--Solutia Inc. said it has received a fully underwritten commitment for $1.075 billion of debtor-in-possession (DIP) financing, maturing March 31, 2008.
Shaw to Update Hard Surface Lines in 2007
Dalton, GA, December 15, 2006--Shaw’s Hard Surface division will be enhancing its product line in 2007 with a host of new laminate, hardwood and ceramic styles.