Kmart Emerges From Bankruptcy
Troy,MI, May 7--Kmart Corp. emerged from bankruptcy after more than 15 months of Chapter 11 protection. The retailer has 600 fewer stores and new leadership since filing for protection from its creditors in early 2002.
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.
Tarkett Sommer AG Offers To Buy Domco Tarkett Outs
Farnham, Quebec, May 1-- Domco Tarkett’s board of directors has set up a special committee to consider an offer by Tarkett Sommer AG, the company’s major shareholder, to purchase all the outstanding shares of Domco Tarkett it does not already own.
Kmart Posts $483 Million Loss for March
Troy, MI, May 7--Kmart Corp. said it posted a $483 million loss for March, its third straight month of losses.
Springs Closes Purchase of Owen Blanket Business
Fort Mill, SC, May 6--Springs Industries, Inc. announced today it has completed its acquisition of Charles D. Owen Manufacturing Co., Inc. The purchase joins the leading supplier of consumer blankets with the leading supplier of home furnishings products.
ASID Names New Board
Washington, D.C., May 5--The American Society of Interior Designers (ASID) is pleased to announce the election results for the fiscal year 2004 board of directors.
S&P Cuts Interface Senior Unsecured Rating
New York,May 7--Standard & Poor's Ratings Services said today that it lowered its long-term corporate credit and senior unsecured debt ratings on Atlanta, Ga.-based carpet manufacturer Interface Inc. IFSIA.O to 'B' from 'B+'.
Buffett Names Possible Successors
Omaha, NE, May 6--Warren Buffett said on Sunday he has named four potential successors to run his Berkshire Hathaway Inc. conglomerate, after he dies or is unable to run the company, but said those names could change.
Dixie Shows First Quarter Loss
Chattanooga, TN, Apr. 29--The Dixie Group, Inc. had a net loss of $336,000, or $0.03 per diluted share, for the first quarter ended March 29, compared with net income of $496,000, or $0.04 per diluted share, for the same period a year ago.
Asbestos Still an Occupational Hazard
Des Plaines, IL, Apr. 30--While negotiators for businesses, insurers, labor unions and congressional leaders iron out an agreement aimed at creating an industry financed national asbestos trust fund
DuPont Posts Profit
Wilmington, DE, Apr. 29--DuPont Co. posted a first quarter profit, but warned that second quarter profits would miss Wall Street forecasts.