Office Vacancies Fell in First Quarter
New York, NY, Apr. 6--The nation's office-vacancy rate declined in the first quarter for the first time in more than three years.
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.
Armstrong Wins Platinum ADEX Award
Lancaster, PA, Apr. 5--Armstrong Flooring has received a 2003 Platinum ADEX Award (Award for Design Excellence) from Design Journal Magazine.
CEOs' Confidence Climbs
New York, NY, Apr. 6--Business confidence surged to a two-decade high in the first quarter, the Conference Board said Monday, confirming other reports showing that firms are increasingly upbeat about the U.S. economy's prospects.
S&P Cuts Congoleum Ratings
New York, NY, Apr. 5--Standard & Poor's Ratings Services said today it lowered its ratings on vinyl-flooring manufacturer Congoleum Corp. to 'D' and removed them from CreditWatch.
Minuteman Receives Tender Offer
Addison, IL, Apr 5--Minuteman International, Inc., the floor-care equipment and chemical manufacturer today announced that it has received a letter from Hako-Werke International GmbH.
Service Sector Shows Muscle
Tempe, AR, Apr. 5--The U.S. economy outside the manufacturing sector steamed forward in March, a private survey of businesses found, as hiring picked up and prices rose.
Glen Eden Launches Michael Graves Collection
Calhoun, GA, Apr. 5--Internationally renowned architect Michael Graves has been on the forefront of architectural and interior design for 30 years.
Niblock Tapped as Lowe's Next Chairman & CEO
Mooresville, NC, Apr. 5--Lowe's Companies, Inc. announced today an orderly succession plan under which company president Robert A. Niblock has been named chairman and chief executive officer-elect, until the planned retirement of Robert L. Tillman sch
Foamex Hires New Audit Firm
Linwood, PA, Apr. 1--Foamex International Inc. dismissed Deloitte & Touche LLP (DET.XX) as its independent auditor on March 26, according to a Form 8-K filed Friday with the Securities and Exchange Commission.
Ontario to Set 60% Target for Recycling
Toronto, ON, Apr. 5--The Ontario government is to announce today its goal of recycling 60 percent of the province's waste by 2008, according to the Toronto Star.