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.

Maine Retailer also an Artist

Eliot ME, January 10--Located at the end of a typical industrial park building, Carpet by the Yard appears to be a normal small business with stacks of tile samples by the front door, according to The Portsmouth, Maine Herald.

President Urges Asbestos Resolution

Washington, DC, January 10--President Bush on Friday urged Congress to pass federal legislation to resolve asbestos litigation that could end up costing U.S. companies $200 billion.

Office Vacancy Drops in 4Q

New York, NY, January 7--Companies have contracted got more office space in the fourth quarter than they have in any quarter in the past four years, pushing vacancies down sharply.

American Capital Invests $39M in Halex & Capitol U

Bethesda, MD, January 7--American Capital Strategies Ltd. said that in December 2004 it invested an additional $39 million in its portfolio company Halex Corp. to refinance existing debt and to support the acquisition of Capitol USA.

Nardelli Steps down from Coke Board

Atlanta, GA, January 7--Robert Nardelli will resign from the board of Coca-Cola to concentrate on his job as chief executive of Home Depot, the home improvement retailer.

Alloc Files Infringement Action Against Kronotex i

Racine, WI, January 7--On December 20th, 2004, Alloc Inc., Berry Finance NV and Välinge Innovation AB filed a complaint alleging patent infringement against Kronotex US for its sales of the Easy Lock Flooring product in the district court for the northern

Homebuilders: Multifamily Housing Trending Up

Washington, DC, January 6--Apartment and condo builders are optimistic that the multifamily housing market will continue to strengthen over the next six months, according to the latest Multifamily Market Index.

Business Community Displeased with Draft Asbestos

Washington, DC, January 6--Businesses facing asbestos claims are chafing at the latest draft bill aimed at limiting their liability, even as President George W. Bush on Wednesday increased pressure on parties to broker a deal.