North Carolina Lawmakers Scope Out High Point Mark
High Point, NC, Oct. 21--State legislators strolled through High Point's three largest showrooms Friday at the International Home Furnishings Market according to the High Point Enterprise.
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 Decline
New York, Oct 20--An index designed to foreshadow movements in overall economic growth slipped in September, suggesting that the U.S. economic recovery has slowed from its red-hot third-quarter pace, but isn't about to stall, as reported in the Wall S
Louisiana-Pacific Sells Timberland for $290 Millio
Portland, OR, Oct. 20--Louisiana-Pacific Corp. sold about 463,000 acres of timberland located in southeast Texas for $290 million, bringing to a close the timberland portion of its divestiture program.
Federated To Close Ohio Store
Cincinnati, OH, Oct. 17--Federated Department Stores Inc. plans to close its Lazarus-Macy's store in downtown Columbus, Ohio in August, and write down the assets in its third-quarter results. The writedown is expected to be about $12 million.
Reclaimed Wood Flooring Firm Signs Licensing Agree
Novato, CA, Oct. 20--Smith & Hawken, America's premier garden lifestyle retailer, announced today it has signed its first licensing agreement with TerraMai, a California-based manufacturer of reclaimed wood flooring and decking systems.
Armstrong Offers Employee Stock Ownership Settleme
Lancaster, PA, Oct. 17--Armstrong World Industries Inc. has agreed to pay $1.5 million to end a two-year dispute with the U.S. Department of Labor over the company's employee stock ownership plan, an Armstrong filing says.
Former Executives' Case Spotlights Kmart's
Troy, MI, Oct. 18--Prosecutors say Enio (Tony) Montini Jr. and Joseph Hofmeister conspired to cook Kmart's books.
Housing Starts Rebound
Washington, DC, Oct. 17--Home-building activity in September rebounded to its second- highest level this year, showing that the housing sector continues to bolster the overall U.S. economy.
Builder Confidence Surges
Washington, DC, Oct. 16--Builder confidence in the market for single-family homes surged in October to the highest level in almost four years, according to the National Association of Home Builders’ Housing Market Index.
ITW Reports Increase In Third Quarter EPS
Glenview, IL, Oct. 16--Illinois Tool Works Inc. today reported that 2003 third quarter income per diluted share from continuing operations increased 10%.