Tender Offer for Armstrong Shares Below Market
Fort Worth, TX, September 3, 2009--Armor TPG Holdings is launching a tender offer to purchase up to 4,435,935 shares of common stock of Armstrong World Industries, Inc. for $22.31 per share in cash.
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.
FloorTek Expo Featuring Awards Dinner
Dalton, GA, Sept. 4, 2009---FloorTek Expo said a reception and awards dinner will be held on Sept. 22, the first evening of the Expo.
FCI Addresses Lacey Act Trade Concerns
St. Louis, MO, Sept. 4,2009—The Floor Covering Institute has addressed international trade concerns regarding the Lacey Act in a new paper "Continuing Wood Trade Under the Lacey Act Amendments."
Torlys Signs Five Distributors
Toronto, Ontario, Canada, Sept 4, 2009 - Torlys Smart Floors has launched U.S. distribution with five west and midwest distributors.
Payrolls Decline Less Than Expected
Washington, DC, Sept. 4, 2009--The U.S. unemployment rate jumped to a 26-year high of 9.7% in August as nonfarm payrolls fell by 216,000, the 20th consecutive monthly decline, the Labor Department estimated Friday.
Corkart Signs Northwest Distributor
Vendas Novas, Portugal, Sept. 4, 2009-- Corkart said it has entered into a distribution agreement with The Cronin Company for the Pacific Northwest.
IMF Director Sees Sluggish Economic Recovery
New York, NY, Sept. 4, 2009--International Monetary Fund Managing Director Dominique Strauss-Kahn said he still sees "serious downside risks" to the world financial system and that the recovery will be sluggish and possibly jobless.
Mortgage Woes Hitting Prime Borrowers
Washington, DC, Sept. 4, 2009--So called prime borrowers, the nation's most credit-worthy borrowers, are now falling behind on their mortgage and credit-card payments at a faster pace than people with poor financial histories.
Unemployment Down Only Slightly
Washington, DC, Sept 3—The Labor Department reports the number of unemployed workers filing for jobless benefits fell last week by 4,000 to 570,000, but that was less than the 560,000 figure the market had been expecting.
Homebuilder Hovnanian Sees Narrower Loss
Red Bank, NJ, Sept. 3, 2009--Homebuilder Hovnanian Enterprises Inc. on Wednesday said its quarterly loss narrowed, but it was still larger than Wall Street had expected.