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.

UK’s Brintons To Launch Industry-Changing Loom

Kidderminster, UK, Oct. 20--Brintons, one of Britain's biggest carpet makers, says it's close to unveiling a machine that could change the economics of the industry.

3M's Earnings Up 22 Percent

St. Paul, MN, Oct. 20- 3M Co.'s third-quarter profit rose 22%, driven by cost-cutting measures and improved productivity as six of its seven businesses saw higher sales volumes.

North Carolina Lawmakers Scope Out High Point Mark

High Point, NC, Oct. 21--State legislators strolled through High Point's three largest showrooms Friday at the International Home Furnishings Market according to the High Point Enterprise.

Leading Indicators Decline

New York, Oct 20--An index designed to foreshadow movements in overall economic growth slipped in September, suggesting that the U.S. economic recovery has slowed from its red-hot third-quarter pace, but isn't about to stall, as reported in the Wall S

Louisiana-Pacific Sells Timberland for $290 Millio

Portland, OR, Oct. 20--Louisiana-Pacific Corp. sold about 463,000 acres of timberland located in southeast Texas for $290 million, bringing to a close the timberland portion of its divestiture program.

Federated To Close Ohio Store

Cincinnati, OH, Oct. 17--Federated Department Stores Inc. plans to close its Lazarus-Macy's store in downtown Columbus, Ohio in August, and write down the assets in its third-quarter results. The writedown is expected to be about $12 million.

Reclaimed Wood Flooring Firm Signs Licensing Agree

Novato, CA, Oct. 20--Smith & Hawken, America's premier garden lifestyle retailer, announced today it has signed its first licensing agreement with TerraMai, a California-based manufacturer of reclaimed wood flooring and decking systems.

Armstrong Offers Employee Stock Ownership Settleme

Lancaster, PA, Oct. 17--Armstrong World Industries Inc. has agreed to pay $1.5 million to end a two-year dispute with the U.S. Department of Labor over the company's employee stock ownership plan, an Armstrong filing says.

Former Executives' Case Spotlights Kmart's

Troy, MI, Oct. 18--Prosecutors say Enio (Tony) Montini Jr. and Joseph Hofmeister conspired to cook Kmart's books.

Housing Starts Rebound

Washington, DC, Oct. 17--Home-building activity in September rebounded to its second- highest level this year, showing that the housing sector continues to bolster the overall U.S. economy.