Durable Goods Orders Drop
Washington, DC, Feb. 26--Durable goods orders tumbled in January amid the largest drop in transportation equipment demand since 2002.
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.
Jobless Claims Up
Washington, DC, Feb. 26--Initial jobless claims climbed by 6,000 last week to a seasonally adjusted 350,000, the Labor Department reported Thursday.
Textile Companies Move Closer to Consolidation
Greensboro, NC, Feb. 25--International Steel Group Chairman Wilbur Ross moved a step closer to consolidating two of North Carolina's major textile companies Tuesday.
Lowe’s is Fortune's “Most Admired” Specialty
Mooresville, NC, Feb. 25--Lowe’s Companies, Inc. is the most admired specialty retailer in America for the second year in a row, according to the FORTUNE 2004 rating of Most Admired Companies.
Columbia Flooring's Danville Plant Wins Award
Danville, VA, Feb. 25--Columbia Flooring's Danville engineered hardwood flooring plant received the 2003 President's Award for outstanding performance.
Forbo Teams with INSTALL to Certify Installers
St. Louis, MO, Feb. 25--Professional installers of resilient flooring will now have more opportunities to earn a Forbo Associate Mechanic certification.
Builders Vote Armstrong Tops in Brand Use Study
Lancaster, PA, Feb. 25--Armstrong and Bruce Hardwood Floors were voted brand leaders in multiple categories, winning Builder Magazine's 2004 Brand Use Study in laminate, vinyl and wood flooring.
Thomasville City Council OKs Incentives for Unilin
Thomasville, NC, Feb. 25--The Thomasville City Council agreed to extend a $3.36 million economic incentives package to Unilin Decor Monday.
Existing-Home Sales Down
Washington, Feb. 25--Sales of existing single-family homes were down in January from near-record highs but remain exceptionally strong.
Group Can't Block Sale of Cone Mills
Charlotte, NC, Feb. 25--A committee in the Cone Mills Corp. bankruptcy case failed to meet a midnight deadline to post a $35 million bond that would have stalled the sale of the company to WL Ross & Co.