Industrial Product Slips in Wake of Storm
Washington, DC, Nov. 16, 2012 -- Industrial production in the U.S. fell unexpectedly last month as superstorm Sandy knocked out power in the Northeast, according to the Federal Reserve.
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.
Lumber Liquidators To Buy Back Shares
Toano, VA, Nov. 16, 2012 -- Lumber Liquidators said its board of directors has authorized the repurchase of an additional $50 million of its common stock.
Fresno Abbey Design & Flooring Files Chapter 7
Fresno, CA, Nov. 16, 2012 -- The owners of Abbey Design and Flooring Center in Fresno have filed for Chapter 7 Bankruptcy, according to a local ABC news affiliate.
Armstrong Raising Engineered Hardwood Prices
Lancaster, PA, Nov. 15, 2012 -- Armstrong said it will raise prices on all engineered hardwood flooring by up to 6%, effective Dec. 17.
Delinquencies, Foreclosures Decline in Q3
Washington, DC, Nov. 15, 2012 -- Mortgage delinquencies and home foreclosures declined during the third quarter, the Mortgage Bankers Association said.
Initial Jobless Claims Surge After Storm
Washington, DC, Nov. 15, 2012 -- Initial claims for unemployment benefits rose 78,000 to a seasonally adjusted 439,000, the Labor Department said.
McGraw-Hill Study Shows Green Schools Support
New York, NY, Nov. 15, 2012 -- According to a new study by McGraw-Hill Construction, both K-12 and universities plan to continue investments in green schools, citing financial and social benefits.
Armstrong Closes Secondary Stock Offering
Lancaster, PA, Nov. 15, 2012-- Armstrong said it has closed its secondary public offering of 5.2 million common shares held by The Armstrong World Industries, Inc. Asbestos Personal Injury Settlement Trust and Armor TPG Holdings, L.P.
Ariana Rugs in GoodWeave Program
Washington, DC, Nov. 15, 2012 -- — Ariana Rugs of Los Angeles has joined the GoodWeave certification program as the first importer of Afghanistan rugs with a supply chain that is certified child-labor-free.
Manufacturing Continues To Contract in New York
New York, NY, Nov. 15, 2012 -- Manufacturing activity in the New York area contracted for the fourth month in a row, according to the Empire State index.