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.

Solutia CEO: Legacy Liabilities Biggest Hurdle

ST. Louis, NO, June 25--The biggest hurdle that Solutia Inc. faces between now and the time it emerges from Chapter 11 bankruptcy proceedings is how its legacy liability issues are addressed, President and Chief Executive Jeffry Quinn told Dow Jones Newsw

First Quarter GDP Rose a Revised 3.9%

Washington, DC, June, 25--The U.S. economy was surprisingly weaker during the first quarter than previously thought, the government said in a report showing slightly lower consumer spending and a sharper taste for imports.

Kmart Names Three Customer Service Related Execs

Troy, MI, June 25--Kmart Holding Corp. announced today the appointment of Robert Norton as Senior Vice President, Stores, Dene Rogers as Senior Vice President, Store Operations, and David Whipple as Senior Vice President, Associate Resources.

Mohawk U. Courses on CD Make Training More Accessi

Dalton, GA, June 25--As Mohawk University expanded its live course offerings this year to include more than 240 seminars in over 80 cities, it also recognized the need for training that travels to retail stores.

Unilin Cites European Licensing Agreement in Pergo

Thomasville, NC, June 25--The basis for the lawsuit initiated by Unilin against Pergo Inc. and Pergo AB on June 22, according to Unilin, is the infringement by unlicensed Pergo Smartlock joints of Unilin's US 6 490 836 patent.

U of Michigan Sentiment Index Up in June

Ann Arbor, MI, June 25--Consumer sentiment rose for the first time in three months in June amid increased hiring and a drop in gasoline prices, a private survey showed.

Existing-Home Sales Hit Record in May

Washington, DC, June 25--Existing single-family home sales rose in May to the highest monthly pace on record, according to the National Association of Realtors.

New Home Sales Surge to Record High

Washington, DC, June 24, 2004 — The nation's factories saw orders for big-ticket goods fall for the second straight month in May, typifying the often uneven road of recovery braved by manufacturers. New-home sales, meanwhile, shot up to a record high.

Bed Bath & Beyond’s Earnings Up

Union City, NJ, June 24--Bed Bath & Beyond Inc.'s net income in the latest quarter rose almost 43 percent as the company added stores and boosted sales per store.