Hirst Might Walk from Feltex Bid
Wellington, DC, August 8, 2006--With Feltex's books open to a rival suitor, Godfrey Hirst says it will not raise its bid for the struggling carpet-maker and could yet walk away, according to Stuff.co.nz.
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.
ServiceMaster Unit Gets Subpoena in EPA Probe
Downers Grove, IL, August 7, 2006--ServiceMaster Co., disclosed Friday that its InStar Services Group subsidiary received a federal grand jury subpoena tied to a probe by the U.S. Environmental Protection Agency.
Louisiana-Pacific Promotes Executives
Nashville, TN, August 7, 2006--Louisiana-Pacific Corp., said Monday it promoted three executives.
Couristan Moves Production to China
Fort Lee, NJ, August 4, 2006--Seventy years ago, Couristan, the rug and carpet manufacturer, turned to China for handmade rugs to import into the U.S. Now the company is about to move carpet production to China.
Jobless Claims Up Last Week
Washington, DC, August 3, 2006--The Labor Department said claims for unemployment benefits rose by 14,000 to 315,000 in the week ending July 29.
ServiceMaster Q2 Earnings Off
Downers Grove, IL, August 01, 2006--ServiceMaster Co., reported second quarter net income of $77.14 million or $0.26 per share, compared to $79.8 million or $0.27 per share in the same quarter last year.
Online to Take Nearly 9% of Total Ad Market by 201
New York, NY, July 28, 2006—JupiterResearch said it found that advertisers will continue to increase the share of total budget spent online between 2006 and 2011.
Business Roundtable Commends Passage of House Heal
Washington, DC, July 28, 2006--Business Roundtable today released the following statement commending House passage of H.R. 4157, the Health Information Technology Promotion Act.
Connor Sport Court to Settle with Snap Court
Salt Lake City, UT, July 28, 2006--Connor Sport Court International, a producer of performance sports surfaces, announced that they have reached a settlement in a lawsuit originally filed by Connor Sport Court International in United States District Court
Durable Goods Orders Up in June
Washington, DC, July 27, 2006--Durable goods orders rose 3.1% in June, led by a surge in demand for transportation goods, the Commerce Department said Thursday.