Home Depot Changes CEO Pay Bylaws
Atlanta, GA, January 9, 2007--Home Depot said the company's bylaws had been changed to require that two-thirds of independent directors approve the compensation of the chief executive.
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.
Managers Start Multiply Forest Products
Nipigon, Ontario, January 9, 2007--The management of Columbia Forest Products' Multiply Underlayment Business said today that it has purchased the fixed assets of the units Nipigon, Ontario operation and Multiply trademark from Columbia Forest Product
iFloor.com to Open Location in Minneapolis
Minneapolis, MN, January 8, 2007--iFloor.com, the nation's largest online flooring retailer is planning to open a bricks and mortar location in the Minneapolis metro area.
Tarkett and ATC Joint-Venture Plant Making Headway
Clarion, PA, January 8, 2007--Construction on a new state-of-the-art laminate flooring plant in Paint Township, a plant that will be home of a joint venture of Tarkett and ATC, a Chilean wood panel company, is making serious headway as the harsh weather h
Fire Destroys Dalton Facility Kills One
Dalton, GA, January 8, 2007--A fire at Columbia Recycling’s facility early Saturday morning killed one and injured two.
Classen and Unilin Resolve Patent Disputes
Kaisersesch, Germany January 5, 2007--The Classen Group and the Unilin Group have reached an agreement to settle all patent disputes between the two companies in the field of the glueless locking technology for flooring panels.
Pending Home Sales Off 0.5% in November
Washington, DC, January 4, 2007--The National Association of Realtors reported that it’s pending home sales index dipped 0.5% in November, to 107.0 November from 107.5 in October. It was the third straight decline.
Retailers Post Mixed Growth in December
New York, NY, January 4, 2007--The nation’s retailers disclosed mixed same-store-sales growth in December, with lackluster results being reported by Wal-Mart. The Thomson Financial Same Store Sales Index estimate was a 3% gain in overall same-store sales
Report: Office Market Poised for Growth in 2007
New York, NY, January 3, 2007--According to the 2007 Global Real Estate Forecast from real estate company Grubb & Ellis Co, a healthy economy will fuel growth in the U.S. office market in 2007.
Nardelli Resigns, Blake Succeeds
Atlanta, GA, January 3, 2007--Home Depot's board of directors and Bob Nardelli said today that they have mutually agreed that Nardelli would leave his position as Home Depot's chairman, president & CEO and as a director effective January 2, 2007.