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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.
Interface Uses Landfill Emissions To Fuel Plant
LaGrange, GA, Aug. 20--The City of LaGrange, GA, the U.S. Environmental Protection Agency and Interface Flooring Systems today announced the formation of a partnership to convert naturally occurring methane gas from the local landfill into a green energy
Solutia Could File Chapter 11 To Address Liquidity
St. Louis, MO, Aug. 19--Solutia Inc. said it's considering all alternatives, including a potential reorganization under Chapter 11 bankruptcy, to address its future liquidity needs, according to the company's quarterly report filed Monday with the
Lowe's Earnings Set Record
Wilksboro, NC, Aug.18--Lowe's Companies, Inc. today reported net earnings of $597 million for the quarter ended August 1, a 27.8% increase over the same period a year ago.
Consumer Prices Rise 0.2 Percent
New York, NY, August 15--Consumer prices rose by a modest 0.2 percent in July for the second month in a row, easing fears that the country could be heading for an economically dangerous slide in prices. Industrial production, meanwhile, shot up.
Foamex Posts Lower 2nd Quarter Profit
Linwood, PA, Aug. 13--Foamex International Inc, a maker foam products, on Wednesday posted a lower second-quarter profit and said it was finalizing a refinancing of its bank debt.
DTI/Koch Industries Update
Wichita, KS, Aug. 11--As reported yesterday on Floordaily.net, DuPont has announced that Koch Industries and its subsidiaries are in exclusive negotiations to acquire DuPont Textiles and Interiors, the world’s largest integrated fibers and resins company
DuPont In Talks With Koch Industries To Sell DuPon
Wilmington, DE, Aug. 11--DuPont today announced that it is in exclusive negotiations with subsidiaries of Koch Industries Inc., of Wichita, KS, regarding the possible sale of DuPont Textiles & Interiors (DTI).
Retail Sales Surprisingly Strong
New York, NY, Aug. 8--Retailers finally got a break in July as warm weather and heavy discounting helped lift sales above expectations for many merchants, even the struggling department store sector.
Burlington Posts Loss
Greensboro, NC, August 6--Textile company Burlington Industries Inc. reported Wednesday a narrower net loss of 5 cents a share for the third quarter ended June 28, compared with a loss of 21 cents a share for the same period a year earlier.