Armstrong Net Income Falls, Sees Declining Market
Lancaster, PA, Oct. 30, 2008--Armstrong World Industries today reported third quarter operating income from continuing operations decreased to $82.2 million from $85.9 million in 2007.
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.
Initial Jobless Claims Unchanged
Washington, DC, Oct. 20, 2008--Initial jobless claims held steady in the latest week after a jump in the previous period, the Labor Department said Thursday.
Durkan Carpet Used in First LEED Platinum Hotel
Kennesaw, GA, Oct. 29, 2008--Proximity Hotel in Greensboro, N.C. recently received LEED Platinum certification from the U.S. Green Building Council.
Fed Cuts Key Interest Rate to 1 Percent
Washington, DC, Oct. 29, 2008--The Federal Reserve has cut a key interest rate by half a percentage point as it seeks to the economy.
Former Treasury Secretary Backs Large Downpayments
Washington, DC, Oct. 30, 2008--President Bush's first treasury secretary says Congress should scrap plans for a new economic stimulus package and instead require that no future home mortgage be awarded without a 20 percent down payment.
UK Mortgage Approvals Rise for First Time in Year
London, England, Oct. 30, 2008--UK mortgage approvals for house purchases rose in September for the first time in more than a year, but remained near record lows, new figures from the Bank of England show.
Feds Considering Program To Stem Foreclosures
Washington, DC, Oct. 30, 2008--The treasury is considering a plan that would help around 3 million homeowners avoid foreclosure.
Beaulieu Canada Names New Executive VP of Sales
Acton Vale, Quebec, Canada, Oct. 29, 2008--Beaulieu Canada has promoted Wayne R.G. Tuck Sr. to executive vice president of sales.
Idea House Features BR-111 Exotic Hardwood
Miami, FL, October 28, 2008—Sunset Magazine’s Idea House on Monterey Bay features exotic hardwood flooring from BR-111.
Centex Narrows Loss on Fewer Charges
Dallas, TX, Oct. 29, 2008--Centex Corp. reported a fiscal second-quarter loss of $172 million, vs. a net loss of $644 million in the year-earlier period. The builder calls economic environment "unprecedented."