Wool Prices Rebound
Auckland, NZ, Aug. 29--Prices for both fine and medium wools have rebounded in recent weeks, which should be a good sign so early in the season.
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.
Universal Display Completes $16.1 Million Register
Ewing, NJ, Aug. 29--Universal Display Corporation announced today that it has completed a $16.1 million registered direct offering of 2,012,500 shares of its common stock to certain institutional investors.
Court Approves Burlington's Reorganization Dis
Greensboro, NC, Aug. 28--The Bankruptcy Court has approved the company's disclosure statement setting forth the terms of its Plan of Reorganization and other information relating to its proposed emergence from Chapter 11 as well as proposed procedures
Kmart Holding Posts Smaller 2Q Loss
Troy, MI, Aug 28--Kmart Holding posted a much narrower loss in its fiscal second quarter amid lower expenses despite a 21% drop in sales.
Harris Tarkett To Increase Prices
Johnson City, TN, Aug. 28--Harris Tarkett has announced it will increase prices on all prefinished product shipments effective October 1.
Dan River Announces Organizational Changes
Danville, VA, Aug. 29--Dan River Inc. today announced personnel and organizational changes related to the upcoming retirement of Richard L. Williams, 69, President and Chief Operating Officer. Williams will move to the position of Vice Chairman on August
Court Approves Auction Of Pillowtex Assets
Eden, NC, Aug. 29--U.S. Bankruptcy Court on Thursday approved Pillowtex's bid to sell off all its plants, equipment and brand names for at least $56 million at an Oct. 2 auction.
Consumer Spending Increases
Washington, DC, Aug. 29--Personal spending climbed in July as consumers continued to help fuel the economic recovery.
Sears To Close Three Great Indoors Stores
Hoffman Estates, IL, Aug. 29--Sears, Roebuck & Co. said Thursday that it plans to close three underperforming Great Indoors home-decorating stores
Economy Grows In 2nd Quarter
WASHINGTON (AP) - The U.S. economy emerged from the doldrums in the second quarter of this year and grew at a solid 3.1 percent annual rate, a better performance than the government thought just a month ago.