AmericasMart Host Largest Market Ever
Atlanta, GA, February 5, 2007--History was made during the incomparable January 2007 Atlanta International Gift & Home Furnishings and Area Rug Markets.
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.
Home Depot Ends Proxy Battle, Batchelder on Board
Atlanta, GA, February 6, 2007--Home Depot and Relational Investors LLC said today that they have reached an agreement on corporate governance matters.
Court Calls on Congoleum to Modify Plan
Mercerville, NJ, February 5, 2007--Congoleum Corp. reported today that the judge overseeing its reorganization has issued a ruling on motions filed by insurers seeking to prevent confirmation of its most recent reorganization plan.
Flooring America, Canada See Great Recruitment
Manchester, NH, February 2, 2007--Flooring America and Flooring Canada are enjoying strong growth.
CMHC: Housing in Canada to Cool in 2007
Toronto, Ontario, February 5, 2007--Canadian housing starts will moderate this year from last year's torrid pace, but will still remain at historically strong levels, Canada Mortgage and Housing Corp. said in its quarterly forecast on Monday.
Lear Gets Offer From Icahn Affiliate
Southfield, MI, February 5, 2007--Automotive supplier Lear Corp. said Monday a group affiliated with billionaire investor activist Carl Ichan offered to buy the company for $36 per share, or about $2.61 billion.
Unilin Wins Patent Case vs. Välinge in Dutch Court
The Hague, The Netherlands, February 5, 2007--The Dutch Court of Appeal has rejected the claim for patent infringement introduced by Välinge Innovation AB and the Beaulieu International Group.
Solutia Seeks Extension to File Reorganization Pla
New York, NY, February 1, 2007--Solutia is seeking an extension through April 30 of its exclusive control over its Chapter 11 case so it can continue pursuing three potential paths to exit bankruptcy protection.
Pending Home Sales Up in December
Washington, DC, February 1, 2007--Seasonally adjusted pending home sales jumped 4.9% in December, the largest gain in nearly three years, the National Association of Realtors reported Thursday.
Study: Global Flooring Demand to Hit 14.7B Square
Cleveland, OH, January 31, 2007--According to a study released by the Freedonia Group, Inc., a Cleveland-based industry research firm, world demand for flooring and carpets is projected to climb 4.1 percent annually through 2010 to 14.7 billion square met