Editor Calls for Inquiry into Feltex (continued)
--Continued
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.
Martha Stewart Agrees to Pay $195,000
Washington, DC, August 7, 2006--Martha Stewart will pay about $195,000 and cannot serve as the director of a public company for five years under a settlement on insider trading charges announced Monday with the Securities and Exchange Commission.
Hovnanian Trims Guidance
Red Bank, NJ, August 4, 2006--Luxury home builder Hovnanian Enterprises Inc., again cut its quarterly and full-year profit outlook on Friday, citing a slowdown in sales, high contract cancellation rates, and the cost of incentives to lure buyers.
Tennant 2Q Earnings up 37%
Minneapolis, MN, August 2, 2006—Floor maintenance equipment producer Tennant Co. in the second quarter reported a 37% increase in earnings due in part to strong international sales.
Feltex Directors May Face Legal Action
Wellington, NZ, August 2, 2006--Some of Feltex's larger shareholders may take legal action against directors in the wake of the carpet maker's all but forced take-up of Australian rival Godfrey Hirst's rescue package.
Solutia Europe Completes Refinancing of Euro Notes
St. Louis, August 2, 2006--Solutia Inc., announced that its subsidiary, Solutia Europe SA/NV, through its subsidiary Solutia Services International S.C.A./Comm. V.A., has successfully closed on a new EUR 200 million loan due in 2011.
Las Vegas Market Visitor Hits $12.3 Million Jackpo
Las Vegas, NV, August 1, 2006--As a surprise for his wife, Joey Penn booked a Las Vegas vacation to coincide with Las Vegas Market at World Market Center.
Personal & Spending Up
Washington, DC, August 1, 2006--Personal incomes rose 0.6% in June, outpacing the 0.4% increase in consumer spending.
Cavalier Homes Posts Lower Q2 Earnings
Addison, AL, August 1, 2006--Manufactured housing producer Cavalier Homes Inc., announced second quarter earnings of $161 thousand or $0.01 per share, compared to $769 thousand or $0.04 per share in the corresponding quarter of the prior year.
British Wool Board Welcomes Review
Bradford, England, July 31, 2006--The Wool Board said it has welcomed the announcement that DEFRA is to carry out a review of its structure and operation as both appropriate and timely.