Armstrong Continues to Downsize in Europe
Lancaster, PA, Sept. 23, 2010--Armstrong World Industries will close two European plants as it focuses its efforts on certain products and regions where it believes it can be successful.
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.
Analyst Has "Buy" on Armstrong After Europe Moves
New York, NY, Sept. 24, 2010--Analyst Stifel Nicolaus has maintained its "buy" rating on Armstrong World Industries after the company announced reorganization of its European operations.
August Durable Goods Orders Encouraging
Washington, DC, Sept. 24, 2010--The overall demand for durable goods fell 1.3% in August, the Commerce Department said Friday. However, when excluding the volatile transportation sector, orders rose 2% -- the best showing in five months.
New Home Sales in August Flat from July
Washington, DC, Sept. 24, 2010--New home sales in August were unchanged from July, according to the Commerce Department.
Home Resales Surge in August but Still Sub-Par
Washington, DC, Sept. 23, 2010--Existing-home sales rose in August following a big correction in July, according to the National Association of Realtors.
Leading Economic Indicators Higher Than Expected
New York, NY, Sept. 23, 2010--The Conference Board's leading economic index rose 0.3% in August, after a 0.1% increase in July.
Orient Ceramics To Acquire Majority of Bell
New Delhi, India, Sept. 23, 2010--Orient Ceramics and Industries (OCIL) is set to purchase a majority stake in Bell Ceramics Ltd.
Schenectady Floor Covering Expanding
Schenectady, NY, Sept. 23, 2010--Schenectady Floor Covering will nearly double in size and consolidate its retail and wholesale divisions after buying a former steel fabrication plant, according to Albany Business Review.
Bona National Account Manager Dies
Aurora, Colo., September 22, 2010 – Bona U.S. national account manager Brett Ker died last weekend in Denver. Ker is survived by his four children ages 3, 6, 8, and 17.
Initial Jobless Claims Higher Than Expected
Washington, DC, Sept. 23, 2010--Initial jobless claims jumped 12,000 to 465,000 in the latest week, the Labor Department reported Thursday.