Mortgage Rescue Plan Unveiled, Details Still Murky
Washington, DC, Feb. 19, 2009--President Barack Obama unveiled his $75 billion plan to help millions of Americans on the brink of foreclosure Wednesday.
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AGC Says Stimulus Will Save or Create 2M Jobs
Washington, DC, Feb. 19, 2009--Associated General Contractors says the $135 billion in construction and infrastructure included in President Obama’s $787 billion stimulus legislation will create or save nearly 2 million jobs over the next two years.
Propex Files Motion To Sell Itself To Investors
Chattanooga, TN, Feb. 18, 2009--Propex Inc. said it filed a motion with the U.S. Bankruptcy Court in Chattanooga to sell its assets to an affiliate of Wayzata Investment Partners by March 24.
Foamex Files for Bankruptcy Again
Media, PA, Feb. 18, 2009--Foamex International filed for Chapter 11 bankruptcy protection for the second time in four years to restructure its debt.
Mullican Names National Builder Manager
Johnson City, TN, Feb. 18, 2009--Edward Hampton has been named national builder manager for hardwood flooring manufacturer Mullican Flooring.
Initial Jobless Claims Hold Steady
Washington, DC, Feb. 19, 2009--Initial jobless claim were unchanged at 627,000 for the week ending Feb. 14, the Labor Department reported on Thursday.
Beaulieu Hosts Media at Surfaces Luncheon
Las Vegas, NV, Feb. 19, 2009--One of the largest exhibitors at Surfaces hosted some of the biggest titles in women’s and shelter magazines at an invitation-only luncheon.
Wholesale Inflation Rises More Than Expected
Washington, DC, Feb. 19, 2009--Wholesale inflation jumped unexpectedly in January, reflecting sharply higher prices for gasoline and other energy products.
Mohawk Engineer Elected to Environmental Board
Dalton, GA, Feb. 19, 2009--Greg Jones, senior environmental engineer at Mohawk Industries, has been elected to the board of directors for The Georgia Industry Environmental Coalition (GIEC) for 2009.
Solutia Income Up in 2008 Despite Slow 4Q
St. Louis, MO, Feb. 18, 2009--Solutia Inc. reported a 14% increase in net sales and a 29% increase in adjusted EBITDA from continuing operations for 2008, as compared to 2007 on a pro forma basis.