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.

Court Moves Toward Approval Of Armstrong Reorganiz

Lancaster, PA, Nov. 20--Armstrong World Industries, Inc. the operating subsidiary of Armstrong Holdings, Inc. announced today a significant step towards ultimate approval of its Chapter 11 plan of reorganization.

Builder Confidence Down Slightly

Washington, DC, Nov. 20--Builder confidence in the market for new single-family homes dipped slightly in November after reaching its highest point in nearly four years during October, the National Association of Home Builders (NAHB) reported.

Formica Receives Court Approval Of Disclosure Stat

Warren, NJ, Nov. 19--Formica Corporation today announced that the United States Bankruptcy Court for the Southern District of New York issued an order approving the Disclosure Statement with respect to its Plan of Reorganization (the Plan).

Leading Indicators Up

New York, NY, Nov. 20--A closely watched gauge of future economic activity rose 0.4 percent in October, suggesting continued growth in the coming year.

Court Confirms Armstrong's Reorganization Plan

Wilmington, DE, Nov. 19--The bankruptcy judge overseeing the Chapter 11 case of Armstrong World Industries said Tuesday he would recommend confirmation of the building maker's plan of reorganization.

U.S. Imposes Quotas On Chinese Textile Products

Washington, DC, Nov. 18--The Bush administration, in a further escalation of trade tensions between the United States and China, announced Tuesday it had decided to impose quotas on three types of textile products.

Kraus Carpet Founder Dies

Kitchener, Canada, Nov. 19--The Board of Directors of Kraus Carpet Mills Limited joins the Kraus family and all employees in mourning the passing of Michael Kraus, founder and Chairman Emeritus.

Consumer Prices Hold Steady

Washington, DC, Nov. 18--Consumer prices were steady in October, indicating that the recent surge in economic growth isn't fanning inflation.