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.
Washington, DC, Jan. 16--The year 2004 will be a "good year" for the US economy, with a "gradual" increase in employment and continued recovery from lean years past, Anthony Santomero, chairman of the Federal Reserve Bank of Philadelphia, said.
St Louis, MO, Jan. 15--Monsanto Co. reiterated in its 10-Q filing Wednesday that it may get stuck with some legal liabilities stemming from Solutia's Chapter 11 bankruptcy filing last month.
Midland, MI, Jan. 15--Effective Feb. 15, the Dow Emulsion Polymers business is increasing the prices of all latex sold into the carpet industry.
Mercerville, NJ, Jan. 15--Most companies hope never to file for bankruptcy. At Congoleum, however, executives celebrated the recent move, according to The Times of Trenton.
Castellarano, Italy, Jan.15-- Granitifiandre, a leading company of ceramic slabs, based in Reggio Emilia has acquired Savoia Canada for 9.6 million Canadian dollars, or 5,896,081.56 euros.
Washington, DC, Jan. 15--Retail sales rose 0.5% in December, the second straight month of gains, the Commerce Department reported Thursday.
Mentor, OH, Jan. 14--During its 52 years of operation, the Imperial Carpet store in Mentor has weathered competition from national chains and changed ownership, according to the News-Herald, Willoughby, Ohio.
Warren, NJ, Jan. 14--Formica Corporation today announced that the United States Bankruptcy Court for the Southern District of New York confirmed the company's Plan of Reorganization.
Folsum, NJ, Jan. 14--Following a competitive bidding process, Marina Energy, a subsidiary of South Jersey Industries has purchased the cogeneration facility at the Salem County plant of floor covering giant Mannington Mills.
Camden, SC, Jan. 14--The process of selling Invista, formerly DuPont Textiles & Interiors, to Wichita, KS based Koch Industries is progressing smoothly, Invista and Koch officials said this week, according to the Camden Chronicle Independent.