Economy Gains Steam
Washington, DC, Oct. 31--The U.S. economy gained steam in the third quarter, growing at a 3.1% annual rate
Today's Flooring News
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Martha Stewart Living Omnimedia's Income Falls
New York, NY, Oct. 31--Martha Stewart Living Omnimedia, whose namesake founder is involved in an insider trading scandal, saw its net income fall 42% in the third quarter
Forbo Rebounds
Zurich, Switzerland, Oct. 31--For the third consecutive time, Forbo has reached a better quarterly result than in the previous quarter.
Foamex Reorganizes
Linwood, PA, Oct. 31--Foamex International has revamped its management team, replacing its former president, who resigned two weeks ago and making a number of other changes.
Armstrong and Mannington Settle Suits
Lancaster, PA, Oct. 29--Armstrong World Industries and Mannington Mills have entered into an agreement involving the patent infringement lawsuits filed against one another last year.
Honeywell Names Business Development Chief
Morris Township, NJ, Oct. 28--Honeywell has appointed Rhonda Germany to the position of vice president of strategy and business development, and as an officer of the corporation.
Pergo's Sales Down
Trelleborg, Sweden, Oct. 28--Net sales during the first three quarters amounted to MSEK 2,464 (2,760), a reduction of 9%
New and Existing Home Sales Up
Washington, DC, Oct. 28--Sales of new homes rose 0.4% in September while sales of existing home were up by 1.9%
Consumer Confidence Down
New York, NY, Oct. 28--Consumer confidence in the economy dropped in October to its lowest levels since 1993.
Solutia's Earnings Down, Sales Up
St. Louis, MO, Oct. 24--Specialty chemical maker Solutia had lower third quarter earnings after $11 million in charges