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.
Lancaster, PA, March 3, 2008--Armstrong World Industries Inc. has quit shopping the company because the company's stock is undervalued and the housing and credit market conditions aren't conducive to a favorable deal.
Washington, DC, March 3, 2008—Two manufacturing indices showed significant February declines.
Cairo, Egypt, March 3, 2008--Oriental Weavers said it would build an industrial complex for more than $237 million to meet rising demand.
New York, NY, March 3, 2008--Solutia Inc., which emerged from bankruptcy Friday, got more good news from Standard & Poor's Ratings Services, which raised its corporate credit rating on the company to 'B+' from 'D'.
New York, NY, March 3, 2008--Investor Warren Buffett said that by all practical measures the U.S. economy is already in a recession.
Dublin, Ireland, March 3, 2008—Access flooring maker Kingspan Group Plc, said annual profit rose 24 percent due to demand in the U.K. and Europe.
New York, NY, March 3, 2008-- Standard & Poor's Ratings Service upgraded its outlook on Armstrong World Industries Inc. to stable from developing.
Lancaster, PA, February 29, 2008--Armstrong World Industries Inc. said it will remain a public company and continue to operate under its current structure.
Ann Arbor, MI, February 29, 2008--Consumer sentiment fell in February from January, according to a survey released Friday by Reuters/University of Michigan.
St. Louis, MO, February 28, 2008 – After a long process, Solutia Inc. emerged from Chapter 11 bankruptcy reorganization on Thursday, "stronger, healthier and more competitive" than at any time in its history.