Burlington's Chapter 11 Plan Gets OK
Greensboro, NC, Aug. 26--Burlington Industries Inc. received preliminary approval of the disclosure statement outlining terms of its Chapter 11 bankruptcy reorganization plan Monday.
Today's Flooring News
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July Existing Home Sales Set Record
Washington, DC, Aug. 25--Driven by strong market fundamentals, existing single-family home sales rose to a record monthly pace in July and prices increased at a double digit rate from a year ago, according to the National Association of Realtors
Leading Indicators Index Rises
New York, NY, Aug. 21--A leading index of economic health rose for the fourth consecutive month, signaling a widespread pickup in the nation's rate of growth.
Solutia Settles Alabama PCB Case
St. Louis, MO, Aug. 21--Solutia Inc. today announced a settlement resolving the Abernathy and Tolbert PCB litigation against the Company in Alabama.
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Interface Uses Landfill Emissions To Fuel Plant
LaGrange, GA, Aug. 20--The City of LaGrange, GA, the U.S. Environmental Protection Agency and Interface Flooring Systems today announced the formation of a partnership to convert naturally occurring methane gas from the local landfill into a green energy
Solutia Could File Chapter 11 To Address Liquidity
St. Louis, MO, Aug. 19--Solutia Inc. said it's considering all alternatives, including a potential reorganization under Chapter 11 bankruptcy, to address its future liquidity needs, according to the company's quarterly report filed Monday with the
Lowe's Earnings Set Record
Wilksboro, NC, Aug.18--Lowe's Companies, Inc. today reported net earnings of $597 million for the quarter ended August 1, a 27.8% increase over the same period a year ago.
Consumer Prices Rise 0.2 Percent
New York, NY, August 15--Consumer prices rose by a modest 0.2 percent in July for the second month in a row, easing fears that the country could be heading for an economically dangerous slide in prices. Industrial production, meanwhile, shot up.
Foamex Posts Lower 2nd Quarter Profit
Linwood, PA, Aug. 13--Foamex International Inc, a maker foam products, on Wednesday posted a lower second-quarter profit and said it was finalizing a refinancing of its bank debt.