Dow to Close 7 Plants, Take $550 Million Charge
Midland, MI, September 1, 2006--Dow Chemical said it plans to close seven plants in Canada and Italy and incur a third-quarter charge of $550 million to $650 million.
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.
BR-111 Flooring Featured at Designer Showcase
Miami, Florida, August 30, 2006--BR-111 Exotic Hardwood Flooring reported that its Triângulo Engineered hardwood flooring is featured in the new Hampton Designer Showhouse.
Godfrey Hirst Cleared to Acquire Feltex
Wellington, New Zealand, August 30, 2006--The Commerce Commission has cleared Godfrey Hirst NZ Limited to acquire some or all of the assets of Feltex Carpets Limited.
Sears Extends Sears Canada Takeover Offer
Hoffman Estates, IL, August 30, 2006--Sears Holdings said it extended its $775 million offer to buy the rest of Sears Canada Inc. until Sept. 29 as it appeals a regulatory decision that stalled the deal.
Mortgage Applications Decline
Washington, DC, August 30, 2006--The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending August 25.
Home Depot Adopts Majority Vote for Directors
Atlanta, GA, August 29, 2006--Home Depot said its board of directors has amended the company's bylaws to adopt a majority vote standard for the election of directors.
Interest Hikes Halted on Economy Worries
Washington, DC, August 29, 2006--Worries about short-term damage to the economy led Federal Reserve policymakers at their August meeting to halt a more than two-year-old interest rate-raising campaign.
Pergo Nets Laminate Orders in India
Mumbai, India, August 27, 2006--Pergo, a Swedish brand of floor laminates, has bagged orders from DLF-West end Heights, Gurgaon, and NIHO Construction-Scottish Gardens, New Delhi.
BonaKemi USA Offers Spanish Tech Support
Aurora, CO, August 28, 2006--BonaKemi USA, a leader in hardwood floor finishing and floor care, announced the addition of Spanish/English services to its technical support line.
Home Depot OKs Additional $3.5B for Share Buyback
Atlanta, GA, August 24, 2006--Home Depot Inc., late Thursday said it has approved an additional $3.5 billion to repurchase shares, bringing the total authorized under the program to $17.5 billion