- Among the week's top stories were a $250 million note offering by Steelcase; and news of a West Coast auction of $2 million in excess wood inventory plus semi-trucks and machinery.
Also in the news this week, Scanwood Canada Ltd., one of IKEA's Canadian ready-to-assembly furniture manufacturer declared insolvent; and damage and endangerment for precious wood antiquities as Egypt's political fortunes spin out of control.
Steelcase to sell $250 million in notes Last week, Steelcase recalled chairs that were could tip over>>
Raynor fined for selling defective chairs Raynor Marketing Ltd. agreed to pay a civil penalty of $390,000 from allegations by the U.S. Consumer Product Safety Commission
that it knowingly sold defective office chairs to
consumers. The chairs, made in China, were sold at Office Depot.>>
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