Congoleum’s Incident a Blast and Fire
Marcus Hook, PA, August 24, 2006--An explosion and fire Friday has shut down one of two sheet-flooring production lines at a Congoleum Corp., plant in Trainer, Delaware County.
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Congoleum Reports Production Line Incident, Agrees
Merverville, NJ, August 23, 2006--Congoleum said that one of the sheet flooring production lines at its Marcus Hook, Pennsylvania plant sustained extensive damage. The company also said it has reached a settlement agreement with an excess insurance carrie
Armstrong Discusses its Reorganization
Lancaster, PA, August 23, 2006--Armstrong Holdings, Inc., the parent company of Armstrong World Industries, Inc., provided today additional information regarding the anticipated effect on Armstrong Holdings of the expected consummation of the Chapter 11 r
Kronospan Gets Government OK for Land Purchase
Kiev, Ukraine, August 22, 2006—The Ukranian government has permitted Kronospan Ukr Ltd. (Novovolynsk) to purchase the land on which the timber processing plant is situated.
Carpet One Set to Re-Launch Carpetone.com
Manchester, NH, August 21, 2006--Carpet One Floor & Home revealed details for their new e-commerce website, set to launch on October 1. With this launch, the company will become the first floor covering retailer to sell installed flooring to consumers th
Congoleum Insurers File Plan
Wilmington, DE, August 21, 2006--Congoleum Corp., is facing a contest for control of the outcome of its bankruptcy case with insurers and bondholders who have filed a rival Chapter 11 plan.
Steelcase Survey Shows Decline in Workspace Person
Grand Rapids, MI, August 21, 2006--Steelcase today released results of the second of a three-part Workplace Index Survey on the Nature of Work in 2006 conducted by Opinion Research Corporation (ORC).
Lowe's 2Q Earnings Up 11.4%, Guidance Trimmed
Mooresville, SC, August 21, 2006--Lowe's reported net earnings of $935 million for the quarter ended August 4, 2006, an 11.4 percent increase over the same period a year ago. Diluted earnings per share increased 15.4 percent to $0.60 from $0.52 in the
Commercial Real Estate Index Maintains Uptrend In
Washington, DC, August 21, 2006--The Commercial Leading Indicator for Brokerage Activity,* a leading indicator for the commercial real estate market, shows an improvement in commercial sectors will continue into 2007, according to the National Association
Remodeling Market Slows In 2Q
Washington, DC, August 21, 2006--Remodeling activity slowed in the second quarter of 2006, according to the National Association of Home Builders’ (NAHB) Remodeling Market Index (RMI).