Beazer Cuts Jobs, Suspends Dividend
Atlanta, GA, November 6, 2007--Beazer Homes USA said said it cut 25% of its staff, would suspend its dividend and sees at least $230 million in noncash impairment charges in its fiscal fourth quarter.
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.
Armstrong 3Q Sales and Operating Earnings Up
Lancaster, PA, November 6, 2007-- Armstrong World Industries reported operating income from continuing operations of $85.9 million up from $65 million in the third quarter of 2006.
Berkshire’s 3Q Earnings Up, Shaw’s Earnings Off
Omaha, NE, November 2, 2007--Berkshire Hathaway reported net earnings in the third quarter that rose 64% to $4.55 billion, or $2,942 a Class A share, compared with $2.77 billion, or $1,797 a Class A share, a year earlier.
Carpet's Sustainability Standard Established
Dalton, GA, November 2, 2007--The American National Standards Institute (ANSI) has approved new standards for sustainable carpet, NSF 140-2007, as an American National Standard.
NTCA Calls for Entries for Installation Awards
Jackson, MS, November 5, 2007--The National Tile Contractors Association (NTCA), the largest tile contractors association, is requesting seeking entries for its Fifth Annual TileLetter Installation Awards.
Global Ceramic Market to Reach 102B Feet By 2011
San Jose, CA, November 5, 2007--The global ceramic tiles market is forecast to reach over 102 billion square feet by 2010.
Turnaround Firm Sees Value in IWT Tesoro
IWT Tesoro Corp. plans to grow significantly through acquisitions once it emerges from Chapter 11 bankruptcy early next year.
Asian Bamboo launches IPO
Hamburg, Germany, November 5, 2007--Asian Bamboo AG, a producer of bamboo trees and organic bamboo shoots in China, has outlined details of its forthcoming initial public offering on the Prime Standard of the Frankfurt Stock Exchange.
American Capital Strategies Buys Rug Doctor
Plano, TX, November 5, 2007--Rug Doctor, maker of carpet cleaning rental machines, said that American Capital Strategies Ltd of Bethesda, Maryland has purchased the majority of the company.