Consumer Sentiment Index Slides
Ann Arbor, MI, March 16, 2007--Consumer confidence fell last month from a two-year high as fuel prices rose and employment weakened, according to the Reuters/University of Michigan's final index of sentiment.
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.
KKR Has Inside Track in Armstrong Auction
New York, NY, March 16, 2007--Kohlberg Kravis Roberts & Co. has emerged as a favorite to acquire Armstrong World Industries Inc., which emerged from bankruptcy protection last October.
Prey Named Columbia Flooring President
Danville, VA, March 16, 2007--Greg Pray has been appointed president of Columbia Flooring, according to parent company Columbia Forest Products president and CEO Harry Demorest.
Robina Names Three Distributors
Kennesaw, GA, March 16, 2007--Robina Floors has signed distribution agreements with three distributors: Shuler Distribution, E.E. Vliet Company and Coastal Hardwood.
W.F. Taylor Launches New Adhesive
Fontana, CA, March 15, 2007--W.F. Taylor Co., Inc. launched its new 2085 Pro-Tac Dual-Purpose Adhesive for Professional Installers at Surfaces 2007.
CPI Up 0.4%
Washington, DC, March 16, 2007--Keeping pressure on the Fed, U.S. consumer prices increased 0.4% in February, led by higher prices for food, energy, shelter and tobacco.
Pfleiderer Seeks Arbitrator for Remaining Shares
Nuemarkt, Germany, March 16, 2007--Pfleiderer Sweden AB has, through its public cash offer for all of Pergo’s shares from January 2007, attained a shareholding exceeding 96% of all of Pergo’s shares.
Best Tile Opens New Contractor Showroom
Ludlow, MA, March 16, 2007--Best Tile Distributors of New England celebrated the grand opening of a brand new contractor specific showroom in Woburn, Massachusetts.
Houses With Wood Floors Easier To Sell
St. Louis, MO, March 16, 2007--According to a survey conducted by the National Wood Flooring Association with real estate agents, 99% agree that homes with hardwood floors are easier to sell.
Commercial Real Estate Vacancies Inch Up
Washngton, DC, March 16, 2007--As some tenants move to newly built locations, commercial real estate vacancies are rising modestly.