Indiana Carpet Retailer Closing After 27 Years
Richmond, IN, December 20-- After 27 years in Fountain City and the death of its founder this fall, Newport Carpet and Appliances is closing this month, according to the Palladium-Item.
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.
Leading Indicators Up 0.2% in November
New York, NY, December 20--The Conference Board announced today that the U.S. leading index increased 0.2 percent, the coincident index increased 0.1 percent and the lagging index decreased 0.1 percent in November.
Jordan Kane Acquires RJ Flooring
New York, NY, December 17--Jordan Kane Floors announced that it has acquired RJ Flooring Systems. RJ Flooring is a full-service supplier and installer of commercial flooring in the New York and New Jersey area.
CVC Capital to Make Forbo Bid in January at the Ea
Zurich, Switzerland, December 17--UK investment group CVC Capital Partners will not launch an official takeover offer for Swiss flooring materials group Forbo Holding AG before January 2005, Swiss finance magazine Cash said, citing CVC director Heinz Hass
Update – Action on Armstrong’s Reorganization Plan
Lancaster, PA, December 17—A hearing was held earlier this week in U.S. District Court for the District of Delaware, to considered objections to Armstrong Holding's plan of reorganization in the company's Chapter 11 Bankruptcy proceedings.
Report: 2004 Italian Ceramic Tile Production Flat
Sassuolo, Italy, December 17-- Based on data presented at the convention of the Tile Association (Assopiastrelle), Italian production of ceramics and tiles stagnated in 2004, according to AGI Online.
CPI Up 0.2% in November
Washington, DC, December 17--The consumer price index rose 0.2 percent in November after rising 0.6 percent in October, the Labor Department said Friday.
Steelcase Swings to Profit in 3Q
Grand Rapids, MI. December 17--Steelcase Inc. said Friday it swung to a profit in the third quarter on an almost 10 percent increase in revenue.
Bush Focuses on Legal Reform
Washington, Dc, December 16--President George W. Bush pledged Wednesday to submit legal reform legislation to Congress that would cover asbestos and class-action lawsuits, as well as medical malpractice.
Bed Bath & Beyond Earnings Up 21% in 3Q
Union, NJ, December 16--Bed Bath & Beyond Inc. posted earnings in their third quarter that rose 21 percent on a sales increase.