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.

CRI Meets With Chinese Officials

Dalton, GA, Apr. 7--U.S. textile, retail and apparel manufacturing representatives, including the Carpet & Rug Institute, met with high level Chinese government officials.

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.

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.

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.

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.

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.