Sears Canada Spurns Parent's Bid
Toronto, Ontario, February 23, 2006--Sears Canada Inc., urged its shareholders to reject the C$835.4 million ($726.4 million) buyout offer from U.S. parent Sears Holdings Corp., as inadequate.
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.
Hovnanian Expects to Meet 1Q Guidance
Red Bank, NJ, February 22, 2006--Homebuilder Hovnanian Enterprises Inc., said its first-quarter net profit would meet or slightly exceed its previous forecasts of $1.10 per share to $1.25 per share.
Pennsylvania Governor Hastens Redevelopment of Fo
Harrisburg, PA, February 22, 2006--Pennsylvania governor Edward G. Rendell today announced plans to help speed up the redevelopment of 47 acres at the former Armstrong World Industries manufacturing site in Lancaster.
Chain Store Sales Up Last Week
New York, NY, February 22, 2006--Chain store sales rose slightly in the latest week after dipping in the prior week due to pent-up demand, according to a report on Wednesday.
Omission in Congoleum Case Costs Advisory Firm $13
Trenton, NJ, February 22, 2006--U.S. Bankruptcy Court Judge Kathryn Ferguson has stripped a Washington, D.C., insurance recovery firm of $13 million in legal fees because it failed to disclose conflicts of interest while conducting bankruptcy work for Mer
ASID Foundation Fundraiser to Take Place at Interi
Washington, DC, February 22, 2006--"Jubilation: The ASID Foundation Fundraiser," will take place during INTERIORS 06: The ASID Conference on Design, in Nashville, Tenn., on Friday, March 17, at the Country Music Hall of Fame and Museum.
Consumer Prices Rose 0.7%
Washington, DC, February 22, 2006--Consumer prices increased a larger-than-expected 0.7% in January, led by higher energy, food and housing costs, according to the Labor Department.
Nourison Gets Tax Break on Planned Georgia Facilit
Calhoun, GA, February 22, 2006--The Gordon County Commission on Tuesday approved a seven-year tax abatement for Nourison Rug Corp., which plans to build a facility there, bringing between 50 to 150 jobs.
Interface Adds 33,000 Tons of Carbon Offsets with
Atlanta, GA, February 22, 2006--Interface, announced that it is furthering its sustainability mission by adding an estimated 33,000 tons of emission reduction credits (ERCs) to its existing portfolio of projects to offset the carbon dioxide (CO2) emissio
Feltex Under Fire from Godfrey Hearst for 2H Resul
Auckland, New Zealand, February 22, 2006--Struggling carpet maker Feltex made a $12 million interim loss and has come under stinging attack from rival and shareholder Godfrey Hirst.