Fitch Cuts ServiceMaster Ratings
New York, NY, July 13, 2007--Credit-ratings agency Fitch Ratings on Monday downgraded some ratings for ServiceMaster Co., and said it will end ratings coverage on the company when it goes private.
Today's Flooring News
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Solutia Names Doc Award Competition Judges
Kennesaw, GA, July 13, 2007— The Solutia Ultron carpet fibers business has announced the judges for the 2007 Doc Award Competition.
Fitch Downgrades Home Depot
Chicago, IL, July 13, 2007--Fitch Ratings has downgraded its ratings on Home Depot as follows: --Issuer Default Rating (IDR) to 'BBB+' from 'A-'; --Bank facility to 'BBB+' from 'A-'; --Senior notes to 'BBB+' from 'A-'.
Two Sentenced in Mohawk Fraud Case
Calhoun, GA, July 13, 2007--Two local businessmen pleaded guilty to their roles in a scheme that defrauded Mohawk Industries of several hundred thousand dollars.
Alloc President Wennerth Resigns
Racine, WI July 11, 2007-- Alloc Inc. has announced that Claes Wennerth has resigned his position as president of the company to pursue other interests.
ABC Marks Summer of Love's 40th
New York, NY, July 12, 2007--ABC Carpet and Home is marking the 40th anniversary of the Summer of Love with new kaleidoscopic hand-woven semi-antique and vintage rugs.
H.B. Fuller OKs $100M Share Buyback
St. Paul, MN, July 12, 2007--H.B. Fuller said its board authorized a share buyback of up to $100 million of its common stock and backed its outlook for 2007 earnings from continuing operations.
Retailers Post Soft Sales in June
New York, NY, July 12, 2007--The nation's retailers posted generally disappointing sales for June, reflecting elevated gasoline process and a weak housing market.
Jobless Claims Off Last Week
Washington, DC, July 12, 2007-- Jobless claims for state unemployment dropped by 12,000 to stand at 308,000, for the week ended July 7,according to the Labor Department.
Trade Gap Increases on Rising Oil Prices
Washington, DC, July 12, 2007—Rising oil prices outstripped record exports, causing the trade gap to increase in May, according to the U.S. Commerce Department.