Mohawk Plans Expansion at Virginia Carpet Facility
Glasgow, VA, February 27, 2006—Lees Commercial Carpets, a division of Mohawk, according to the News Leader, will invest $26.6 million to expand its manufacturing facility at Rockbridge County.
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.
Asbestos Bill Sponsors Seek Signatures for Revote
Washington, DC, February 27, 2006--The co-sponsors of legislation to create a $140 billion asbestos victims' compensation fund are trying to gather 60 senators' signatures on a letter asking for another vote on the bill, Senate aides said on Frida
Mohawk Upgraded to Outperform
New York, NY, February 27--Analysts at Morgan Keegan upgrade Mohawk Industries Inc., to "outperform," while reducing their estimates for the company.
New Home Sales Off 5% January
Washington, DC, February 27, 2006--New home sales fell 5% to a seasonally adjusted annual rate of 1.233 million in January, according to the Commerce Department.
Bentley Prince Street Named StarNet Preferred Vend
Los Angeles, CA--Bentley Prince Street was selected as a Preferred Vendor by StarNet Commercial Flooring Cooperative, the nation's largest member-owned cooperative of independent commercial floor contractors.
Court Upholds Välinge Patent
Waregem, Belgium, February 27, 2006--The German Patent Court judged on February 23rd that Välinges Utility Model DE 299 24 259 was new and inventive over the prior art, and decided to maintain the Utility Model.
Solutia Gets Pledge to Extend and Upsize DIP Finan
St. Louis, February 24, 2006--Solutia Inc., today announced it has received a fully underwritten commitment for $825 million of debtor-in-possession (DIP) financing, maturing March 31, 2007.
Durable Goods Orders Off 10.2% on Lower Aircraft O
Washington, DC, February 24, 2006--Durable goods orders dropped 10.2% in January as aircraft orders dried up after three months of strength, the Commerce Department reported Friday.
Home Depot Boosts Buyback by $1 Billion
Atlanta, GA, February 24, 2006--Home Depot said its board authorized the repurchase of an additional $1 billion worth of outstanding shares, bringing the total buyback authorization to $12 billion.
Las Vegas Market January ’06 Draws 50,000 Plus
Las Vegas, NV, February 23, 2006--Six months after the debut of the highly successful inaugural Las Vegas Market, which was the largest show launch in U.S. trade show history, all eyes in the international home furnishings industry were focused on the sec