Fundamentals Postive in the Commercial Real Estate
Washington, DC, May 13--The four major sectors of the commercial real estate market – office, retail, industrial and multifamily –can expect improvement over the next two years.
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.
Collins & Aikman Hit by Liquidity Issues, CEO Out
Troy, MI, May 13--Auto parts and carpet supplier Collins & Aikman said its chief executive resigned as it faces significant near-term liquidity issues.
Foamex Posts $10.9M Loss in 1Q
Linwood, PA, May 13--Foamex International reported a net loss in the first quarter of 2005 of $10.9 million, or $0.44 per diluted share.
Rug Designer Featured on TV
Chicago, IL, May 12--Jerry Krull, owner and lead designer of Aspen Carpet Designs in Mokena, IL, is featured on a national cable television program this month.
Stainmaster Offers New Online Source for Consumers
Atlanta, GA, May 12-- Stainmaster carpet has developed a new section of the Stainmaster carpet Web site.
Ulf Mattsson Named Molnlycke Health Care CEO
Göteborg, Sweden, May 12--Molnlycke Health Care, a manufacturer, marketer of single-use products for surgical interventions and wound care, has named Ulf Mattsson CEO.
Some Senators Pushing for Quick Pay to Asbestos Si
Washington, DC, May 12--The sickest asbestos victims would be paid the quickest under changes approved on Wednesday by the Senate Judiciary Committee to legislation to create a $140 billion compensation fund.
Turkey, the World’s Carpet Repair Capital
Sultanhany, Turkey, May 12--Worn-out antique carpets from the United States, Germany, England, France and Italy find new life in the Aksaray district of Sultanhany, Turkey.
Wal-Mart 1Q Earnings Up, Miss Estimates
Bentonville, AR, May 12--Wal-Mart Stores reported a 14 percent increase in first-quarter earnings, but the results missed Wall Street estimates.
Revenue Rises 38% at IWT Tesoro
Westport, CT, May 12--IWT Tesoro Corp., a leading provider of ceramic, porcelain and natural stone wall and floor covering materials, announced 2004 year-end results.