Target to Sell Mervyn's for $1.65B
Minneapolis, July 30—Target Corp. said it will sell its struggling Mervyn's discount department-store chain to a group of private-investment firms for about $1.65 billion.
Today's Flooring News
Keep up to date with the most recent news in the flooring industry. Today's News...As it happens! We update this news several times a day so you can stay connected.
Wife of Warren Buffett Dies After a Stroke
Cody, WY, July 30--Susan T. Buffett, 72 years old, wife of Warren E. Buffett and a director of his investment empire, Berkshire Hathaway Inc., died from a stroke yesterday in Cody, Wyo., where she and Mr. Buffett were visiting friends.
Unifi Narrows Losses in 2Q
Greensboro, NC, July 29-- Unifi, Inc. released operating results for its fourth quarter and fiscal year ending June 27, 2004.
Growth in Hiring Costs Slows
Washington, July 30--Employers saw the growth rate in the cost of hiring and retaining workers slow in the second quarter, which could help contain inflation worries as oil-price pressures mount.
N.Y. Wa$teMatch & CarpetCycle Partner on Carpet-Re
New York, July 30--N.Y. Wa$teMatch and CarpetCycle are working together to eliminate thousands of pounds of used carpet from going directly to landfill.
Clinging to the Art of Carpet Making
Khchni, Dagestan, July 29--Emerging from a dark room in her cool home high in the mountains of Dagestan, Asli Isayeva rolled out half a century's worth of dust and memories onto the dining room floor.
Kronotex to Expand in South Carolina
Snelling, SC, July 29-- "Good things come to those who wait." That was the phrase of the day Wednesday during a news conference to announce first-phase development of the largest industry located at the South Carolina Advanced Technology Park in Barnwell
Wellman Reports 2Q Results
Shrewsbury, NJ, July 28--Wellman, Inc. announced second quarter 2004 showed significant improvement over first quarter 2004 results.
INSTALL Adds Endorsers
St. Louis, MO, July 29-- Six manufacturers from the United States and Canada who learned more about the International Standards and Training Alliance (INSTALL) during Surfaces 2004 have become formal endorsers of the training program.
Beige Book Shows Some Cooling
Washington, July 29--The Federal Reserve reported that the U.S. economy cooled off in June and July as consumer spending, especially on autos, slowed significantly after a big surge in early spring.