Leading Indicators Up
New York, NY, Nov. 20--A closely watched gauge of future economic activity rose 0.4 percent in October, suggesting continued growth in the coming year.
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.
Builder Confidence Down Slightly
Washington, DC, Nov. 20--Builder confidence in the market for new single-family homes dipped slightly in November after reaching its highest point in nearly four years during October, the National Association of Home Builders (NAHB) reported.
Court Confirms Armstrong's Reorganization Plan
Wilmington, DE, Nov. 19--The bankruptcy judge overseeing the Chapter 11 case of Armstrong World Industries said Tuesday he would recommend confirmation of the building maker's plan of reorganization.
Kraus Carpet Founder Dies
Kitchener, Canada, Nov. 19--The Board of Directors of Kraus Carpet Mills Limited joins the Kraus family and all employees in mourning the passing of Michael Kraus, founder and Chairman Emeritus.
U.S. Imposes Quotas On Chinese Textile Products
Washington, DC, Nov. 18--The Bush administration, in a further escalation of trade tensions between the United States and China, announced Tuesday it had decided to impose quotas on three types of textile products.
Surfaces Exhibit Space Close To Sold Out
Dallas, TX, Nov. 19--With about two months left until the show, Surfaces--the floor covering industry’s main event--is over 90% sold out.
G-P Director Dies While On Trip To Argentina
Atlanta, GA, Nov. 19--Georgia-Pacific director Jane Evans died suddenly while on a trip to Buenos Aires, Argentina, the company said, according to the Atlanta Journal-Constitution.
Consumer Prices Hold Steady
Washington, DC, Nov. 18--Consumer prices were steady in October, indicating that the recent surge in economic growth isn't fanning inflation.
NFSI Releases Floor Cleaner Safety Study
Southlake, TX, Nov. 18--Many household cleaning products leave floors more slippery than they were before cleaning, the National Floor Safety Institute (NFSI) reported this week.
About Koch
Wichita, KS, Nov. 18--Koch Industries completed a $4.4 billion acquisition Monday with an agreement to acquire Invista, formerly DuPont Textiles and Interiors, according to the Wichita Eagle.