Economy Grows In Third Quarter
Washington, DC, Nov. 26--The U.S. economy grew at a 4% annual rate in the summer, a stronger performance than the government previously thought.
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.
Polley Joins Dixie
Chattanooga, TN, Nov. 25 --David Polley has joined the Dixie Group as vice president of marketing. Polley will also lead the company¹s efforts to become a more important participant in the residential carpet market.
Sears Names New Head of Full Line Stores
Hoffman Estates, IL, Nov. 18--Sears, Roebuck and Co. has named Mark S. Cosby as president of its full line stores.
Oriental Weavers' Paul D'huyvetter Dies
Dalton, GA, Nov. 18--Paul D'huyvetter, senior vice president of Oriental Weavers of America, passed away on November 15 after suffering a heart attack.
Forbo Concludes U.S. Private Placement
Eglisau, Switzerland, Nov.--Forbo said it has successfully concluded a US private placement of $275 million with a group of U.S. insurance company investors.
Armstrong Trading Over the Counter
Lancaster, PA, Nov. 14--The common shares of Armstrong Holdings are trading on the OTC (over-the- counter) Bulletin Board ("OTCBB") under the stock symbol ACKHQ.
Consumer Confidence Rising
New York, NY, Nov. 18--Consumer confidence in the economy surged this month from its depressed levels in October, according to a report by the University of Michigan.
Lowe's Has Good Quarter
Wilkesboro, NC, Nov. 18--Lowe's Cos. had a 35% increase in third quarter profit, fueled by a strong housing market and its expansion to major U.S. metropolitan markets.
Congoleum's Sales Up
Mercerville, NJ, Nov. 14ÐCongoleum Corporation1s sales for the third quarter ended September 30 were $57.7 million, compared with sales of $56.7 million reported in the same period a year ago,
Foamex Reports Loss
Linwood, PA, Nov. 18--Foamex International posted net sales of $340.8 million in the third quarter, an increase of 4.5% from $326.2 million in the same period a year ago. $326.2 million in the same period a year ago.