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.

Coverings Switches Dates

North Palm Beach, FL, Apr. 18--The Coverings' board of governors, in cooperation with the Orange County Convention Center, has revised the dates for the 2004 event.

DuPont Holds That PFOA Doesn't Pose Risk

Wilmington, DE, Apr. 15--DuPont reiterated its position that there is no evidence indicating adverse human health effects related to low levels of exposure to perfluorooctanoate (PFOA), an essential processing aid used by DuPont and others to manufacture

Mohawk Expects to Meet Estimates

Atlanta, GA, Apr. 10--Mohawk Industries expects to meet Wall Street's lowered consensus earnings forecast for the second quarter, according to John Swift, the company's chief financial officer.

Pergo's Acquisition of Witex Postponed

Trelleborg, Sweden, Apr. 9—Pergo and HW Industries GmbH and Co KG have decided to postpone the closing of the merger of Pergo and Witex until at least the beginning of May.

Burlington Targets Summer Emergence

Greensboro, NC, Apr. 8--Burlington Industries expects to emerge from bankruptcy this summer and has until July 31 to get its creditors and lenders to sign off on the reorganization plan.

Unemployment Remains At 5.8%

Washington, D.C., Apr. 4--U.S. companies cut 108,000 jobs in March following huge cuts the month before as war in Iraq affected the economy at home. However, the overall civilian unemployment rate held steady at 5.8%, according to the Labor Department.

Lowe’s Won’t Cut Expansion

Wilkesboro, NC, Apr. 3--Lowe's Cos. hasn't seen anything in the U.S. housing market that would cause it to pull back on its plans to open 130 stores this year, according to company executives.

Solutia Shows Loss

St. Louis, MO, Apr. 24--Solutia Inc. had a first quarter loss from continuing operations of $17 million, or $0.16 per share, on net sales of $596 million.