Domo To Sell Polymer Business
Ghent, Belgium, July 1—The Belgian manufacturing company Domo will spin off and sell its chemicals and polymers business in order to focus on its remaining floorcoverings and fiber and yarn businesses.
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.
Big Bob’s Adds Furniture
Kansas City, MO, July 1--Some area home furnishing stores have struggled to compete with Nebraska Furniture Mart. But one home furnishings company is expanding to try to take some of Nebraska Furniture Mart’s business.
Zero Downpayment Mortgage Would Aid 50,000 First-T
Washington, DC, July 1--The nation’s home builders are supporting a bipartisan legislative proposal to establish a pilot program for Federal Housing Administration (FHA) insurance.
Manufacturing Up in June
Tempe, AZ, July 1--Manufacturing grew at a faster pace in June while price pressures eased, the Institute for Supply Management said Friday.
Construction Spending Off
Washington, DC, July 1--Spending on construction projects fell for a third straight month in May, reflecting declines in the building of homes, offices and shopping malls.
Specter Rethinks Subpoena for Gathering Asbestos B
Washington, DC, July 1--Senate Judiciary Committee chairman Arlen Specter appeared to back away on Thursday from a threat to subpoena information from companies facing asbestos lawsuits.
Consumer Sentiment Hits High for the Year
New York, NY, July 1--Consumer sentiment improved in late June, according to the University of Michigan consumer sentiment survey.
Potlatch Introduces Enviro-Friendly Floor Underlay
Spokane, WA, July 1--Potlatch Corporation, producer of specialty and environmentally friendly wood products, has introduced EnStron, a particleboard flooring underlayment made from 100 percent recovered wood fiber.
Warren Buffett EBay Lunch Nets $351,100
Omaha, NE, July 1—-A lucky bidder put in the winning bid of $351,100 in the EBay auction for lunch with the Berkshire Hathaway CEO Warren Buffett. The winning bid beat the next highest bid by $100.
Bassett Furniture 2Q Sales Up, Earnings Off
Bassett, VA, June 30--Bassett Furniture reported its second-quarter sales rose but increased selling and administrative expenses caused profits to dip.