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.
Washington, DC, Apr. 14--Businesses' stockpiles of unsold goods rose in February as sales fell amid prewar jitters. According to the Commerce Department, business inventories went up 0.6% in February, compared with a 0.3% rise in January.
Washington, DC, Apr. 11-Wholesale prices rose 1.5% in March, according to the Labor Department. The increase reflected a jump in energy costs stoked by war tensions and sharply higher prices for cars and clothes.
Clarksville, TN, April 10-- As Florim USA launches its fourth year of operations, its parent, The Florim Group, is projecting continued growth and plans ongoing investments and improvements.
Greensboro, NC, Apr. 9--Wilbur Ross, who many thought would be the lead bidder for Burlington Industries after Berkshire Hathaway dropped out, said he would step aside if another buyer put forth a good price for the bankrupt carpet and apparel maker.
Atlanta, GA, Apr. 9--Home Depot has named Annette Verschuren to head the 53 store Expo Design Center, according to a report in the Atlanta Journal-Constitution. Verschuren will serve as interim president of the division while a replacement for Bob Wittman
New York, NY, Apr. 7--Standard & Poor's Ratings Services has raised its corporate credit rating on Calhoun, Georgia based carpet and rug manufacturer The Dixie Group Inc. to 'B+' from 'B-'.
Midland, MI, April 4--Dow Chemical Co. expects annual earnings growth of 10% and plans to cut 3,000 to 4,000 jobs in a move to lower costs.
New York, NY, Apr. 3—According to the latest ABC News/Money Magazine consumer comfort index, the war isn't hurting consumer confidence.
Mercerville, NJ, Mar.31--Congoleum Corp. said it has reached an agreement in principle with attorneys representing more than 75% of the known present claimants with asbestos claims pending against Congoleum.
Pittsburgh, PA, Apr. 25--Bayer Polymers LLC and PolyOne Corp. announced the formation of BayOne Urethane Systems, LLC, a joint venture to develop and market polyurethane systems in the U.S and Canada.