Armstrong Decides To Continue in Current Structure
Lancaster, PA, February 29, 2008--Armstrong World Industries Inc. said it will remain a public company and continue to operate under its current structure.
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.
Consumer Sentiment Survey Says Recession Likely
Ann Arbor, MI, February 29, 2008--Consumer sentiment fell in February from January, according to a survey released Friday by Reuters/University of Michigan.
Solutia Emerges From Bankruptcy a Stronger Firm
St. Louis, MO, February 28, 2008 – After a long process, Solutia Inc. emerged from Chapter 11 bankruptcy reorganization on Thursday, "stronger, healthier and more competitive" than at any time in its history.
Consumer Spending Flat in January on Inflation
Washington, DC, February 29, 2008--Consumer spending was unchanged in January.
Solutia Earnings Down on Charges, But Sales Rise
St. Louis, MO, February 28, 2008-- Solutia Inc. reported Wednesday that its net loss more than tripled in the fourth quarter on special charges, although sales increased substantially.
Armstrong Earnings Soar, Special Dividend on Tap
Lancaster, PA, February 29, 2008--Armstrong World Industries Inc. said fourth-quarter earnings from continuing operations rose to $21 million.
Home Depot Wants Share of Rebate Check Spending
Atlanta, GA, February 29, 2008-- Home Depot said it is making more of an effort to pursue home repair spending as consumers take on smaller jobs to maintain their homes.
Brumark To Distribute Wise Tiles for Trade Shows
Marietta, GA, February 29, 2008-- Brumark has entered a strategic partnership with Wise Industries Inc. to become the exclusive distributor of Wise’s foam interlocking carpet tiles to the trade show and event industry in the U.S. and Mexico.
Philippine Tile Maker Anticipates Strong Year
Santo Tomas, Batangas, Philippines, February 29, 2008—Mariwasa Siam Ceramics Inc., one of the biggest tile producers in the Philippines, said it should increase sales this year by 11 percent to $49.5 million because of a surge in construction.
Faus Wins Patent Infringement Lawsuit in China
Calhoun, GA, February 28, 2008– Faus Group Inc. said that it won a patent infringement lawsuit in China against Hangzhou Singular.