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.

CEOs' Confidence Climbs

New York, NY, Apr. 6--Business confidence surged to a two-decade high in the first quarter, the Conference Board said Monday, confirming other reports showing that firms are increasingly upbeat about the U.S. economy's prospects.

S&P Cuts Congoleum Ratings

New York, NY, Apr. 5--Standard & Poor's Ratings Services said today it lowered its ratings on vinyl-flooring manufacturer Congoleum Corp. to 'D' and removed them from CreditWatch.

Foamex Hires New Audit Firm

Linwood, PA, Apr. 1--Foamex International Inc. dismissed Deloitte & Touche LLP (DET.XX) as its independent auditor on March 26, according to a Form 8-K filed Friday with the Securities and Exchange Commission.

Niblock Tapped as Lowe's Next Chairman & CEO

Mooresville, NC, Apr. 5--Lowe's Companies, Inc. announced today an orderly succession plan under which company president Robert A. Niblock has been named chairman and chief executive officer-elect, until the planned retirement of Robert L. Tillman sch

Robina Buys Classen USA Assets

Kennesaw, GA, Apr. 5--Robina Inc., a subsidiary of the Robina Flooring Company in Malaysia, announces the acquisition of Classen USA’s assets effective April 1st.

BP Looking to Sell Fabrics & Fibers Division

London, UK, Apr. 5--BP said that it is moving to a twin-track strategy and management approach for its petrochemicals segment, and that it intends to sell its Fabrics and Fibers division. BP will now approach aromatics and acetyls differently from olefins

Flooring America to Market New Line of Solid Hardw

Camarillo, CA, Apr. 5--SMT Woods of Camarillo, CA announced today that it has secured an agreement with Flooring America to market and sell Living-Art, its new line of 5/16" pre-finished solid wood flooring.