Today's Flooring News

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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.

Godfrey Hirst Set for Feltex Takeover

Wellington, New Zealand, August 3, 2006--Australian company Godfrey Hirst is on the verge of striking a deal to rescue carpet maker Feltex, sources close to the deal say.

Core inflation Inches Up in June

Washington, DC, August 1, 2006--Core consumer inflation matched an 11-year high in June, keeping the pressure on the Federal Reserve to fight inflation, the Commerce Department reported Tuesday.

Manufacturing Activity Up in July

Washington, DC, August 1, 2006--A key gauge of strength of the U.S. factory sector picked up unexpectedly in July, the Institute for Supply Management reported Tuesday.

Federated OKs Lord & Taylor Sale

Cincinnati, OH, August 1, 2006--Federated Department Stores Monday received approval for its plans to sell its 48-store Lord & Taylor department store chain to a private guilty group and a real estate developer.

NeoCon East; New Products, Events & Education

Chicago, IL, August 1, 2006--NeoCon East, the premier exposition in the Mid-Atlantic region for the design and management of the built environment, returns for its fourth consecutive year to the Baltimore Convention Center October 11-12.

Weyerhaeuser Completes Sale of Five Mills

Federal Way, WA, July 31, 2006--Weyerhaeuser Co., said it completed the sale of its North American composite panels business to Flakeboard America Ltd., the U.S. subsidiary of Markham, Ontario-based Flakeboard Co. Ltd.

Kronospan Receiving New Loans

Kiev, Ukraine, July 31, 2006--The European Bank for Reconstruction and Development (EBRD) is taking part in syndicating loans for the Kronospan Ukr timber mill, in Novovolynsk, Volyn region, for a total of 60 million euros.

Business Roundtable Testifies on Cyber Security

Washington, DC, July 31, 2006--Testifying before a Senate Homeland Security and Government Affairs Subcommittee today, Karl Brondell of State Farm Insurance Companies warned that the U.S. is not adequately prepared for a cyber catastrophe.