Home Depot Expects Grasso To Remain On Its Board
Atlanta, GA, Sept. 18--Home Depot said it expects former New York Stock Exchange chairman and chief executive Dick Grasso to serve out his term on the company's board until it expires next May.
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.
Gulistan Carpets Gets New Owner
Aberdeen, NC, Sept. 18--A newly formed company has acquired Gulistan Carpets in Aberdeen.
Armstrong Replaces Stencil Process
Lancaster, PA, Sept. 18--Armstrong World Industries, Inc.today announced that it will cease production of its residential stencil manufacturing process at the Lancaster, PA flooring plant effective September 26.
McCann Named Invista Agency
New York, NY, Sept. 18--Invista, the newly renamed textiles division of DuPont, has awarded creative duties to roster shop McCann-Erickson, according to Adweek.
CMAI Completes 2003 World Nylon Fibers & Feedstock
Houston, TX, Sept. 17--CMAI recently completed the 2003 World Nylon Fibers and Feedstocks Analysis and the data is available to clients immediately.
Insurers Working On Deal With Asbestos Exposed Fir
Washington, DC, Sept. 17--Shares of companies exposed to asbestos litigation rose Tuesday amid speculation that defendant companies had reached a deal with insurers on sticking points in proposed federal asbestos legislation.
Home Depot To Install Digital Surveillance Systems
Atlanta, GA, Sept. 17--The Home Depot, the world's largest home improvement retailer, today announced that it has begun installation of real time, digital video surveillance technology in all of its nearly 1,600 stores.
Builder Confidence Down Slightly
Washington, DC, Sept. 16--Higher interest rates on home mortgages likely caused builder confidence in the market for new single-family homes to dip slightly in September.
AFA, State Of Georgia, To Host Pavilion At Domotex
Dalton, GA, Sept. 17--This January 17 to 20, the American Floorcovering Alliance (AFA), together with the Georgia Department of Industry,Trade & Tourism (GDITT) will lead a contingent of companies to the Domotex show in Hannover, Germany.
W.L. Ross Offers To Buy Struggling Textile Produce
Greensboro, NC, Sept. 16--Cone Mills Corp., the largest denim fabric maker, said on Tuesday it plans to file for Chapter 11 bankruptcy protection soon and accept a buyout offer from distressed asset fund W.L. Ross & Co. under court auspices.