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.
Wellington, New Zealand, August 1--The reputation of the Feltex board led by chairman Tim Saunders is not improving with age. This week, the beleaguered carpet manufacturer revised its June-year earnings for the third time in four months.
Washington, DC, August 1--Spending fell 0.3% in June to an annual rate of $1.1 trillion, according to the Commerce Department.
Minneapolis, MN, August 1, 2005—-Maintenance products company Tennant today reported net earnings of $6.7 million, or $0.74 per diluted share, on net sales of $137.1 million for its second quarter ended June 30, 2005.
Paris, France, August 1--LBO France, a Paris-based private equity firm, agreed to buy French tile-maker Groupe Terreal for about 860 million euros ($1 billion), adding to investments that include building materials supplier Materis.
Atlanta, GA, August 1--Home Depot said it received a federal grand jury subpoena seeking documents and information related to its handling, storage and disposal of hazardous waste.
Washington, DC, August 1--Senate Majority Leader Bill Frist said on Friday he intends to get legislation creating a $140 billion asbestos victims' compensation fund approved by the chamber this autumn.
Dalton, GA, July 29–-Jeff Nelson of the Chicago design firm Techno Limited will undoubtedly enjoy the trip for two to the resort hotel and spa Fairmont Scottsdale Princess in Scottsdale, AZ, won at Patcraft Commercial Carpet’s booth during NeoCon 2005.
Washington, DC, July 29--The Labor Department reported that employment costs continued to gain moderately in the second quarter, at a 0.7 percent annual rate that matched the first quarter's pace.
Washington, DC, July 29--The prestigious USGBC Leadership Awards honors outstanding individuals and organizations that are advancing green building.
Ann Arbor, MI, July 29--Consumer sentiment rose in late July, according to the University of Michigan.