Solutia Gets Exclusivity Extension
St. Louis, MO, November 17, 2006--Solutia Inc., has received a 60-day extension to the period in which it is solely responsible for its plan of reorganization.
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.
Martha Stewart Rugs to Debut at AmericasMart
Atlanta, GA, November 16, 2006--AmericasMart Atlanta will host the January 2007 introduction of Martha Stewart Area Rugs for Safavieh in an exclusive worldwide debut Friday, January 19 during The Atlanta International Area Rug Market.
Industrial Production Rebounds in October
Washington, DC, November 16, 2006--Output at the nation's factories, mines and utilities rebounded in October, after hitting a soft patch in September, but the weak auto sector damped gains, the Federal Reserve reported Thursday.
J.P. Morgan Upgrades Home Depot
New York, NY, November 15, 2006--J.P. Morgan upgraded home-improvement retailer Home Depot, to overweight from underweight, saying management seems more willing to invest in the retail business in 2007.
Freudenberg May Sell Flooring Unit
Weinheim, Germany, November 15, 2006--According to reports, Freudenberg, the family-owned German conglomerate, is examining whether to sell its building systems division.
Producer Prices Off in October
Washington, DC, November 14, 2006--Inflationary pressures eased in October as wholesale energy prices and prices for light trucks dropped.
H.B. Fuller CEO Resigns
St. Paul, MN, November 9, 2006-- HB Fuller Co., said chief executive Al Stroucken resigned effective December 1 and will be replaced with global adhesives unit president Michele Volpi.
Interface Releases Pricing of Public Offering
Atlanta, GA, November 7, 2006--Interface, releases the pricing of its public offering of 5,000,000 shares of Class A Common Stock at $14.65 per share.
Berkshire Shares Hit Record After Big 3Q Profit, S
Omaha, NE, November 6, 2006--Berkshire Hathaway shares climbed to a record today after the insurance-focused conglomerate run by Warren Buffett reported big third-quarter profits that were fueled by a benign hurricane season. Shaw Industries revenue is up
Domotex Hannover Preparing for Another “Hot” Janua
Hannover, Germany, November 2, 2006--Domotex Hannover, which will take place 13–16 January 2007 at the Hannover Fairgrounds in Hannover, Germany, will host approximately 1,250 exhibiting companies from 60 countries.