DuPont Expects $77 Million Gain for Invista Sale
Wilmington, DE, Apr. 26--DuPont Co. said Monday that it expects to realize a gain of about $77 million from the sale of its Invista textiles and interiors unit to two Koch Industries Inc. units.
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.
Planners Push Green Real Estate Development
New York, NY, Apr. 26--Widespread use of green and sustainable real estate development hinges on convincing the land use industry that applying the practices makes sound business sense, from energy savings to added property value.
DuPont's First Quarter Earnings Up
Wilmington, DE, Apr. 27--DuPont Co. said profits rose 25 percent in the first quarter on foreign exchange gains and sales of synthetic fibers and chemicals used to make electronics.
Existing Home Sales Rise
Washington, DC, Apr. 27--Existing single-family home sales rose strongly in March to the second-highest level on record, according to the National Association of Realtors.
Invista Sells $675 Million Bond
London, England, Apr. 26--U.S. fiber manufacturer Invista priced a larger than expected $675 million high-yield bond on Friday, dropping a planned euro-denominated tranche, a banking source said on Monday.
Martha Stewart, Kmart Amend Deal
Troy, MI & New York, NY, Apr. 26--Kmart and Martha Stewart Living Omnimedia announced today that the companies have reached an agreement.
Amtico Names New CEO
Coventry, England, Apr. 23--Amtico International has named David Motyl as its new CEO, replacing the retired Mary Docker.
Formosa PVC Plant Explodes, Killing Four
Illiopolis, IL, Apr. 25--An explosion at a plastics manufacturing plant jolted this central Illinois town, killing four workers, critically injuring two others and forcing the evacuation of the entire community.
Pergo Gets New CFO
Trelleborg, Sweden, Apr. 26--Pergo AB has announced that Staffan Söderqvist will take up the position as Sr VP Finance and CFO at Pergo. The preliminary starting date will be in either June or July.
Massachusetts Retailer Stresses Customer Service
Sudbury, MA, Apr. 26--One of the biggest misconceptions in the flooring business, according to Tracey Marinucci of Only Flooring Inc., is that the untrained husband can install the floor himself as a weekend project.