Millstone Acquires Morelock Wood
Bend, OR, Feb. 3--Millstone Industries today announced that a letter of intent was signed for the purchase of Morelock Enterprises, Inc.
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.
Judge Won't Remove Himself From Asbestos Cases
Newark, NJ, Feb. 3--A federal judge on Monday refused to remove himself from overseeing five bankruptcy cases involving companies sued by people exposed to asbestos.
City Gets Grant for Clean Up of Former Carpet Plan
Amsterdam. NY, Feb. 2--Amsterdam gets grant to clean up ex-carpet manufacturing site. A $1.7 million state environmental grant will help pay for the restoration of a former carpet manufacturing plant in Amsterdam, N.Y.
Construction Spending Up
Washington, Feb. 2--Construction spending rose in December amid higher outlays on homes and educational facilities.
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.
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.
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.
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.
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.