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.

Infineon Develops Smart Carpet

MUNICH, Germany, May 5--Infineon Technologies today announced that the research team that demonstrated the practical integration of electronics into clothing about a year ago with "Wearable Electronics" has now presented a further concept, thereby greatly

Manufacturing Activity Slows

New York, NY, May 2--Business at the nation's manufacturers failed to pick up in April, with activity falling for the second consecutive month as the industry shifted focus from concern about the war to worries about a lingering weak economy, a privat

Sen. Hatch Sees Asbestos Fund at $108 Billion

Washingtom, May 6--Legislation proposing a trust fund of $108 billion to pay asbestos injury claims is close to introduction even without complete agreement from labor and industry groups, Sen. Orrin Hatch said on Tuesday.

Unemployment Rate Rises

Washington, DC, May2--The nation's unemployment rate jumped to 6% in April and companies cut jobs for the third straight month - particularly in manufacturing, airlines and retail - as the fragile economy continued to quash hiring prospects.

ASCR Certifies 30 New Restorers

Millersville, MD, May 7–Thirty leading professionals in the restoration industry have been designated Certified Restorers by the National Institute of Disaster Restoration (NIDR)

Bruce Workers End Strike

Beverly, WV, May 2--Workers at Bruce Hardwood Flooring in Randolph County voted to accept the company’s new contract offer Thursday afternoon, ending a strike that began Sunday evening at the plant in Beverly, near Elkins.

Kmart Readies for Bankruptcy Emergence

Detroit, MI, May 6--Kmart Corp.'s long-awaited day is at hand. The discounter is scheduled to emerge today from just more than 15 months of Chapter 11 bankruptcy protection with 600 fewer stores, new leadership and a $2 billion loan.

Berkshire Expects Earnings Jump

Omaha, NE, May 6--Berkshire Hathaway chairman and Chief Executive Warren E. Buffett told shareholders Saturday that the company would have first-quarter operating earnings of about $1.7 billion, which he described as "the best operating earnings we've

Honeywell Closes Transactions With BASF

Morris Township, NJ, May 1--Honeywell has completed two transactions with BASF, previously announced on January 14, in which Honeywell sold its engineering plastics business to BASF in exchange for BASF's nylon fiber business and $90 million in cash.