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.
New York, NY, February 11, 2008--A federal judge will hear Solutia's complaint Feb. 21 that its bankruptcy exit lenders have committed fraud and breach of contract by refusing to follow through with their $2 billion in financing obligations.
Chattanooga, TN, February 11, 2008 –Jason Wolfe, an employee at Propex, died after suffering injuries on Saturday, Feb. 9 at the company’s Ringgold, Ga. plant.
Dalton, GA, February 11, 2008—The Chattanooga Times Free Press is reporting that researchers have found evidence of PFOA in the Conasauga River.
Washington, DC, February 7, 2008 - Home remodelers says conditions in their industry are deteriorating, according to the latest figures from the National Association of Home Builders Remodeling Market Index.
Philadelphia, PA, February 8, 2008--Citigroup Inc. and other lenders involved in the bankruptcy financing package for Solutia Inc. say tt the company knew the risk it involved.
Washington, DC, February 8, 2008-- Consumer confidence sank even lower in early February due to fears about jobs and a potential recession.
Mercerville, NY, February 8, 2008--Congoleum Corporation said that it has received notice that the American Stock Exchange is moving to delist the company from the exchange.
Federal Way, WA, February 8, 2008--Weyerhaeuser Co. said deteriorating conditions in the U.S. Housing markets contributed to a fourth-quarter loss and the company believes the 2008 will be a difficult year.
Fort Worth, TX, February 7, 2008--D.R. Horton Inc. said Thursday it posted to a loss in its fiscal first quarter, due to substantial charges to write off inventory and land values. The nation's largest homebuilder lost $128.8 million in the quarter.
Washington, DC, February 7, 2008—Pending U.S. home sales fell 1.5 percent in December.