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.
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.
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.
Newman Joins Floor and Decor Outlets of America
Atlanta, GA, Jan. 20--Steve Newman, former President and CEO of Witex USA, has joined Floor and Décor Outlets of America. In his new role as Vice President, Newman will be responsible for marketing, branding, merchandising, sales promotion and advising th
Stewart Trial Set To Start
New York, NY, Jan. 19--Some two years after her controversial sale of shares in ImClone, Martha Stewart is poised to have her day in court when her trial begins this week in a Manhattan federal court on obstruction and other charges.
Consumer Prices Increase Slightly
Washington, DC, Jan. 15--Consumer prices posted a modest gain in December, largely due to a rise in food and energy prices.
Mishkin Acquires Residential Firm
Los Angeles, CA, Jan. 13--Jack Mishkin has recently acquired the assets of Steven C. Fine Floor Coverings. The new company, a division of J. Mish, Inc., will continue doing business as Steven C. Fine Floor Coverings.
Congoleum Obtains Interim Financing Approval
Mercerville, NJ, Jan. 9--Congoleum Corporation announced today that the Bankruptcy Court has issued an interim financing order approving its Debtor-in-Possession revolving credit facility.
Unemployment Rate Declines
Washington, DC, Jan. 9--The unemployment rate fell in December to its lowest level in 14 months.
Armstrong Shareholders Approve Dissolution
Lancaster, PA, Jan. 8--Armstrong Holdings Inc., the holding company of Armstrong World Industries, Inc., announced today that at a special meeting of its shareholders held yesterday approval was received for its conditional dissolution.