Armstrong Net Earnings Down on Flat Sales
Lancaster, PA, Nov. 5, 2010 -- Armstrong World Industries reported third quarter net income of $24.6 million, or $0.42 per share, compared to net income of $64.4 million, or $1.12 per share a year ago.
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.
Economy Adds More Jobs Than Expected
Washington, DC, Nov. 5, 2010 -- The economy added jobs in October for the first time in five months, although the unemployment rate remained at 9.6%.
Bank Seeking Payment of Carpets of Dalton Debt
Dalton, GA, Nov. 5, 2010 -- Carpets of Dalton is being forced to repay $40 million in loans within 10 days and is now the subject of a federal court lawsuit seeking to recover the money, according to a story in the Chattanooga Times Free Press.
Valinge Develops Laminate Recycling Process
Viken, Sweden, Nov. 5, 2010 -- Valinge said it has developed a patented method to recycling laminate flooring.
Price of Oil Hits Two-Year High as Dollar Falls
New York, NY, Nov. 5, 2010 -- Oil remained near $87 a barrel Friday after reaching a two-year high.
Chain Store Sales Edge Higher in October
New York, NY, Nov. 5, 2010 -- U.S. chain-store sales rose 1.6% year-over-year in October, according to the International Council of Shopping Centers.
UK Recycling Firm Takes All Carpet Types
London, England, Nov. 5, 2010 -- Leeds-based specialist recycling company 4Recycling Ltd has launched a new service to increase collection and recycling of waste carpet.
Flor Opens Retail Store in Los Angeles
Chicago, IL, Nov. 5, 2010 -- Modular carpet maker Flor, Inc. said it has opened its second national retail store in Los Angeles.
Builder Beazer Reports Fourth Quarter Loss
Atlanta, GA, Nov. 5, 2010 -- Beazer Homes USA reported a fourth quarter net loss of $59.5 million, compared to net income of $33.8 million a year ago.
Calif. Vote Threatens New Carpet Recycling Law
Dalton, GA, Nov. 4, 2010 -- The carpet industry is bracing for the possibility that a proposition passed in California this week will jeopardize new carpet recycling legislation that was passed in the state in October.