Industrial Production Grows
Washington, DC, Mar. 15--Industrial production rose 0.7 percent in February, an encouraging sign that the nation's manufacturers may be getting a stronger grip on their own recovery.
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’s Bankruptcy Still on Hold
Lancaster, PA, Mar. 15--Armstrong World Industries' drive out of bankruptcy will continue to be stuck in neutral indefinitely, a company document indicates.
3M Increases 1st Quarter & 2004 Earnings Guidance
St. Paul, MN, Mar. 15--3M Co. boosted its earnings projections for the first quarter and full year, noting continued growth in its display and graphics business.
SI Flooring to Raise Carpet Backing Prices in Reac
Calhoun, GA, Mar. 12--SI Flooring Systems is announcing a 10% price increase across its entire product line of carpet backing products as a result of escalating raw material prices and higher fixed costs.
Martha Stewart Resigns as Director, Officer
New York, NY, Mar. 16--Martha Stewart resigned effective immediately from the posts of director and chief creative officer at the company she founded, Martha Stewart Living Omnimedia Inc.
Hanley Wood Rolls Out American Dream Tour
Minneapolis, MN, Mar. 15--Twenty-seven thousand pounds of traveling innovation is rolling into 20 cities throughout the U.S. as Hanley Wood launches its first-ever American Dream Tour (ADT).
Greenspan Urges More Worker Education
Boston, MA, Mar. 14--The United States needs to better educate its workers and avoid the trappings of protectionism to fully flourish in a global economy, Federal Reserve Chairman Alan Greenspan said Friday.
Closing of Florida Tile's Lakeland Plant End o
Lakeland, FL, Mar. 14--It won't be easy for Chris Sikes to drive by the old Florida Tile Industries site once the now-sold manufacturing plant is shut down.
Foamex Sees 2004 Pension Expense Dropping
Linwood, PA, Mar. 12--Foamex International Inc. said it expects pension expense to decrease by $1.4 million to $1.8 million in 2004,primarily because of the growth in plan assets.
Retailers Stock Up on Martha's Gear
New York, NY, Mar. 12--Martha isn't going anywhere yet--in terms of merchandise, there's going to be more of her than ever.