Investment Group Buying 7 Million Armstrong Shares
Fort Worth, TX, Aug 11, 2009--TPG Capital said it has agreed to purchase 7 million shares of Armstrong World Industries, Inc. through an affiliate.
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.
NAHB Urges Tax Credit Extension, Enhancement
Washington, DC, Aug. 11, 2009--The National Association of Home Builders is urging Congress to extend and enhance the $8,000 first-time home buyer tax credit due to expire Dec. 1.
Flooring Groups Backing HIRE Stimulus Bill
Washington, DC, Aug. 11, 2009--Four major flooring associations are throwing their weight behind a bill that would provide stimulus for the industry.
Amtico Begins Quick-Ship Program
Atlanta, GA, Aug. 11, 2009--Amtico International has introduced a quick-ship program comprised of 30 SKUs of its most popular wood, stone and abstract resilient flooring designs that ship within 48 hours of order placement.
Chain Store Sales Tick Up
New York, NY, Aug. 11, 2009--Chain store sales edged up for the week that ended Aug. 8.
Small Business Optimism Down, Survey Shows
Washington, DC, Aug. 11, 2009--The National Federation of Independent Business monthly Small Business Economic Trends survey showed that small business owner optimism fell 1.3 points to 86.5, producing the second monthly decline in a row.
Productivity Up Most in Six Years
Washington, DC, Aug. 11, 2009--U.S. productivity in the second quarter rose at its fastest pace in six years as companies slashed costs to protect profits, government data showed on Tuesday.
More Mortgage Holders Likely To Be Underwater
New York, NY, Aug. 11, 2009--Almost 25 percent of U.S. mortgage holders owed more than their homes were worth in the second quarter and that figure may rise to as much as 30 percent by mid-2010 as job losses and foreclosures climb, Zillow.com said.
Fed Likely To Focus on Commercial Real Estate
Washington, DC, Aug. 10, 2009--The collapse in commercial real estate is becoming one of the biggest drags on a budding economic recovery.
Shaw Hardwood in House Beautiful Kitchen of Year
New York, NY, Aug. 10, 2009--House Beautiful once again selected Shaw Floors to be a participating sponsor of its second annual “Kitchen of the Year” at New York’s Rockefeller Plaza July 20-24.