Kmart To Restate Earnings for Accounting Change
Troy, MI, February 14--Kmart Holdings Inc. said it will restate most of its fiscal 2004 financial results to cover an accounting change related to a $60 million convertible note.
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.
Homebuilders Shares Decline on Analyst Report
New York, February 14—-A Smith Barney Citigroup analyst on Friday cut his ratings on six homebuilders, expressing doubts that a recent sector-wide advance will support higher valuations while mortgage rates remain at historic lows.
Reducing Mold in Homes and Commercial Buildings
Vancouver, CA, February 14--Mold infestation in a new home or commercial building is common. The mold problem can cause severe health problems for occupants as well as substantially reduce the fair market value of the structure.
Florim USA Completes Plant Conversion
Clarksville, TN, February 14--Florim USA completed the conversion of its plant to 100% porcelain production on February 9, ahead of projected schedule.
Bissell Upright Carpet Cleaners Recalled
Washington, D.C., February 14--The U.S. Consumer Product Safety Commission announced the following recall in voluntary cooperation with Bissell. Consumers should stop using recalled products immediately unless otherwise instructed.
Canadian Factory Shipments Off
Ottawa, ON, February 14--A recent sharp fall in petroleum prices cut the value of Canadian factory shipments in December by 0.2 percent from November, Statistics Canada said on Monday.
Cavalier Homes to Close Texas Plant
Addison, AL, February 14--Cavalier Homes will close an under-performing home manufacturing plant in Fort Worth, Texas.
New Zealand's Cavalier Posts 4% Earnings Incre
Wellington, New Zealand, February 11--Cavalier Corp., a New Zealand carpet maker, Friday reported a net profit of NZ$10.7 million for the fiscal first half to December, up 4% from the year-ago period.
Hanley Wood: Surfaces 2006 Already Under Way
Dallas, TX, February 11--Commitments for Surfaces 2006 are coming in earlier than ever. Hanley Wood, owner of Surfaces, said they recently received the news that Mannington Mills has already committed to participating in next year’s show.
Tnemec Intros Thermal Shock Resistant Concrete Flo
Kansas City, MO, February 11--Tnemec Co. has introduced Ultra-Tread, a polyurethane modified concrete flooring system designed to meet the needs of floors in manufacturing and processing facilities.