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.

Solutia Seeks Citi Testimony on Exit Financing

Solutia Seeks Citi Testimony on Exit Financing

Philadelphia, PA, February 13, 2008 — Solutia Inc. wants to force Citigroup Inc. Chief Executive Vikram Pandit to answer questions about his firm's decision to back out of $2 billion worth of promised Chapter 11 exit financing.

Small Business Optimism Falls to 1991 Levels

Washington, DC, February 13, 2008 -- The National Federation of Independent Business Index of Small Business Optimism fell 2.8 points in January to 91.8, the lowest reading since January 1991.

Iranian Carpet Sales Plummet Since 1995

Iranian Carpet Sales Plummet Since 1995

Tehran, Iran, February 12, 2008--The chief of the Tehran Carpet Sellers Union said that Iran's carpet exports have fallen 80 percent during the current year compared with 1995.

Mohawk 19th on Training Magazine List

Mohawk 19th on Training Magazine List

Dalton, GA, February 11, 2008—For the second consecutive year, Mohawk Industries has been selected to Training Magazine’s “Top 125” training organizations, ranking 19th among Fortune 500 companies.

Judge Approves Solutia Agreement With EPA

Judge Approves Solutia Agreement With EPA

New York, NY, February 12, 2008— A federal judge has approved an agreement between Solutia Inc. and the Environmental Protection Agency that gives the government a $3.6 million unsecured claim.

Program To Stall Foreclosures To Be Unveiled

Washington, DC, February 12, 2008-- Project Lifeline, a plan to help struggling mortgage holders, will be announced Tuesday by the Treasury Department and the Department of Housing and Urban Development.