UCB To Buy Solutia’s Specialty Chemicals Business
Brussels, BELGIUM, Dec. 3, 2002--Belgian drug and chemicals company UCB
Today's Flooring News
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Housing Starts Down
Washington, DC, Nov. 20--Housing construction lost momentum in October, dropping 11.4%, the biggest drop since 1994.
Stainmaster Hits Top Ten
Atlanta, GA, Dec 3, 2002--DuPont Stainmaster’s crying baby commercial was recently rated seventh in the Top Ten Most Effective Ads by Intermedia Advertising Group during the weeks of September 16, 23 and 29.
Burke Industries Emerges From Reorganization
San Jose, CA, Nov. 19--Resilient and rubber flooring manufacturer Burke Industries has completed its reorganization plan to emerge from Chapter 11 bankruptcy
Construction Spending Rises
Washington, DC, Dec. 2--Construction spending edged up 0.3% in October with the strength centered in a big gain in construction of schools, hospitals and other commercial buildings.
Burlington Industries Has Loss
Greensboro, NC, Nov. 21--Burlington Industries completed its fiscal year on September 28. For the fourth quarter, the company reported after tax earnings of $36.1 million
Consumer Spending Increases
Washington, DC, Nov. 27--Consumers rebounded from a September slump, increasing spending by a solid 0.4% in October.
Remodeling Activity Off
Washington, DC, Nov. 18--Home owners took a breather in the third quarter from the flurry of remodeling activity that marked the first half of the year
Existing Home Sales Jump
Washington, DC, Nov. 25--Sales of previously owned homes registered their third best month on record in October and are on track for an all time high this year.
Forbo Concludes Private Placement
Eglisau, Switzerland, Nov. 22--Forbo has concluded a U.S. private placement of $275 million with a group of U.S. insurance company investors.