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.

Howard Tibbals’ World's Smallest Circus Finds

Sarasota, FL, December 6--The "Greatest Show on Earth" in Howard Tibbals' world is also the smallest, with its diminutive circus acts, tiny spectators and a "big" top that measures just about 4 feet tall, according to the Lakeland, Florida Ledger.

Lanxess Plans its Launch

Leverkusen, Germany, December 6-- Bayer is to spin off its chemicals and plastics activities in early 2005 under the name Lanxess. It will start with 67% of its activities in profit and an inherited debt of EUR 1.5 bn.

Three Former Kmart Executives Charged with Fraud

Washington, DC, December 3--Three former Kmart executives and representatives of several major vendors were charged on Thursday with fraudulently accounting for $24 million of profit before the retailer filed for bankruptcy in 2002.

Wal-Mart Launches Ad Blitz

Bentonville, AR , December 3--Wal-Mart, stung by a lackluster start to the holiday shopping season, said Thursday it is launching a new advertising campaign to remind its customers of its low prices.

Employers Add 112,000 Jobs in October, Unemploymen

Washington, DC. December 3--Employers added 112,000 workers in November, less than the 200,000 that economists has expected, but the jobless rate dropped to 5.4 percent from 5.5 percent, according to the Labor Department.

Fed’s Beige Book Shows Signs of Continued Expansio

Washington, DC, December 2--The economy kept expanding from mid-October to mid-November, picking up speed in several regions of the country, according to the Federal Reserve’s Beige Book, which was released Wednesday.

October Construction Spending Flat

Washington, December 2--Construction spending was unexpectedly flat in October, but still at a record high, as gains in public spending offset a decline in residential construction, a government report said Wednesday.

Forbo Sets Subscription Price For Capital Increase

Eglisau, Switzerland—December 2-- Forbo Holding AG said Thursday the share subscription price in the upcoming capital hike will be CHF150 ($132.01) each, less than half of Wednesday's closing price of CHF316.50 ($276.42).