Banks Delay Action Against Feltex
Wellington, New Zealand, July 3, 2006--Carpet-maker Feltex says its bankers won't take any action over breaches of its loan facilities, at least until late September.
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.
Feltex May Have Rescuer
Wellington, New Zealand The prospect of Talley's Fisheries as the new cornerstone shareholder for Feltex has eased fears the troubled carpet maker could be heading for receivership.
ServiceMaster Names Spainhour CEO
Downers Grove, IL, July 1, 2006--ServiceMaster Co., said Friday it appointed J. Patrick Spainhour as chairman and chief executive officer.
Marmoleum Click Names Merle B. Smith Distributor
Hazleton, PA, June 30,2006--Forbo Flooring has named Merle B. Smith Co., the largest wood distributor in the Midwest, as a distributor of Marmoleum click.
Fed Hikes Rates to 5.25%
Washington, DC, June 29, 2006--The Federal Reserve raised interest rates Thursday at its 17 straight meeting. The move, which was expected, brings the Fed funds rate from a four-decade low of 1% to 5.25%, its highest level since March 2001.
Lowe's To Open New Texas Data Center
Mooresville, NC, June 29, 2006--Lowe's said it will locate a new data center in San Antonio, Texas.
Flooring Adventures Launches Tuff-Seal Garage Tile
Richmond, VA, June 29, 2006--Flooring Adventures launched Tuff-Seal Garage Flooring to beautify residential garage spaces.
Business Roundtable Urges Congress to Help Math an
companies of Business Roundtable, an association of 160 chief executive officers of leading U.S. companies, are joining other companies from across the country in an unprecedented event today to demonstrate to Congress why policies aimed at boosting U.S.
Consumer Confidence Index Edges Up
New York, NY, June 27, 2006--The Conference Board Consumer Confidence Index, which decreased in May, posted a slight increase in June.
Corporate Blogs to Double in 2006
New York, NY, June 26, 2006--JupiterResearch reveals that 35 percent of large companies plan to institute corporate Weblogs this year.