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.
New Orleans, LA, August 15--The U.S. Fifth Circuit Court of Appeals has ruled asbestos-related disease does not qualify as a "bodily injury by accident" under workers' compensation insurance, upholding an exclusion for injuries caused by disease.
Johannesburg, South Africa, August 15--Ceramic tiles and bathware group Italtile (ITE) reported a 25% increase in final headline earnings per share.
Washington, DC, August 15--Manufacturing activity in the New York area stayed strong in August, the New York Federal Reserve Bank said Monday.
Washington, DC, August 15--Mohawk Industries has received U.S. antitrust approval to acquire Belgian flooring maker Unilin Holding NV, U.S. authorities said on Monday.
New York, August 15--Accountants who are also chief executives and chief financial officers of small U.S. corporations are less optimistic about the U.S. economy than they were six months ago, a survey showed on Friday.
Tehran, Iran, August 15--Iran still holds the largest share of the hand woven carpet market of the world, despite the problems and competitions its industry has been facing during the recent years.
Detroit, MI, August 15--A former Kmart chief executive officer, whom the company accused of contributing to its 2002 bankruptcy, has been cleared of wrongdoing in a civil lawsuit filed by the retailer's former creditors.
Linwood, PA, August 15--Foamex International today announced several significant developments in its efforts to strengthen its balance sheet and enhance long term value while continuing normal business operations.
New York, NY, August 15--Chilewich has formed a Hotel & Restaurant Division to aggressively pursue the hospitality industry. Named to head sales for this segment of the business is Ryan Reitmeyer.
Troy, MI, August 15—-Auto interior supplier Collins & Aikman said a federal grand jury has subpoenaed its financial statements for 2000 to 2005 and accounting documents related to customer and supplier rebates.