AFL-CIO Opposes Asbestos Bill
Washington, DC, April 25--The AFL-CIO labor federation said it opposed recently introduced legislation to create a $140 billion asbestos fund.
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.
Newspaper: Home Depot to Expand Floor Store Test
Atlanta, GA, April 22—-It was reported in the Atlanta Journal-Constitution that Home Depot is expanding its Floor Store test to five additional locations in metro Dallas.
Costco Expects to Miss Expectations
Issaquah, WA, April 22--Costco Wholesale said it expects third quarter and full year earnings will be below Wall Street expectations.
Armstrong’s Lancaster Plant Shifting to Residentia
Lancaster, PA, April 21--Armstrong, according to the Lancaster New Era, has begun converting the residential flooring section of its Lancaster plant into the only section of the plant.
E-Commerce Growth to Outpace Total Retail Spending
New York, NY, April 25--E-commerce revenues jumped more than 25% last year, and annual gains look to continue to run in the healthy double-digit range through 2008, according to eMarketer estimates.
Congoleum in Face-Off with Insurance Underwriters
London, England, April 25--A $1 billion asbestos-related lawsuit involving Lloyd's of London underwriters and Equitas is due to kick off this week.
Sears Canada Q1 Earnings Slip
Toronto, Ontario, April 22--Sears Canada is sticking to its strategic plan despite a first-quarter operating loss of $3.8 million.
Environmentalists Say Chinese Merchants Still Smug
Beijing, China, April 22--The forests of Zhangjiagang are horizontal: tens of thousands of felled, stripped trees lying on the quayside of China's biggest timber port.
Interface and Partner Create the CARPETree
Sao Paulo, Brazil, April 22--Interface Flooring Systems has contracted with Florestas do Futuro (Forests of the Future) to create CARPETree, a reforestation program.
Leggett & Platt 1Q Earning Up 16% Percent
Carthage, MO, April 21--Leggett & Platt reported first quarter earnings that were up 16 percent.