Construction Spending Up
Washington, Feb. 2--Construction spending rose in December amid higher outlays on homes and educational facilities.
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.
Columbia Flooring to Buy West Virginia Based Manuf
Danville, VA, Jan. 29--Columbia Flooring today announced that it has reached an agreement with Gilbert, West Virginia-based International Industries Inc.to purchase full ownership interest in Appalachian Precision Hardwood Flooring and Appalachian Custom
Bader Named Chairman, President & CEO, Cargill Dow
Minneapolis, Jan 27--Kathleen M. Bader was named chairman, president and chief executive of Cargill Dow LLC, a joint venture of Dow Chemical Co. and closely held commodity processing giant Cargill Inc.
Existing Home Sales Rise 6.9%
Washington, Jan. 26--Existing-home sales bounced back in December after a two-month slide from September's record pace. In all of 2003, sales sizzled at the highest level on record, fueled by rock-bottom interest rates.
Omnova Solutions Reports Fourth Quarter 2003 Resul
Fairlawn, OH, Jan. 26—Omnova Solutions Inc. today reported a loss of $61.3 million or $(1.53) per diluted share for the fourth quarter of 2003.
Greenspan Is Confident on Replacing Jobs
Washington, Jan. 26--Federal Reserve Chairman Alan Greenspan said Monday that jobs lost in the last recession can be replaced but that unemployed workers may need retraining to qualify for new work.
Denver Hardwood Acquires Misco Shawnee
Denver, CO, Jan. 23--Denver Hardwood Company and its affiliated group of flooring distributors under the Hamar Group of companies will acquire the assets of the Midwest’s largest flooring distributor, Misco Shawnee.
Formica to Sell Flooring Assets to Unit of Shaw
Warren, NJ, Jan. 26 --Formica Corporation today announced that it has reached an agreement to sell the equipment assets of its Formica® Flooring business to the Shaw Diversified Services.
DuPont Gets EU Approval for Invista Sale
Brussels, Belgium, Jan. 21--European Union competition authorities approved DuPont's sale of its Invista clothing and carpet fiber business to polyester maker Koch Industries on Wednesday.
Foamex Restates Earnings
Linwood, PA, Jan. 22--Foamex International Inc today announced that it would restate results for each of the first three quarters of 2003, due primarily to a calculation error in the carrying value of certain in-transit raw materials.