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.

Homebuilder Centex 2nd Quarter Earnings Up 61%

Dallas, Oct 21--Home builder and mortgage finance company Centex Corp. on Tuesday said its quarterly profit rose 61 percent and raised its outlook for the fiscal year.

Homebuilder Ryland 3rd Quarter Earnings Up 34%

Calabasas, CA Oct. 21--Ryland Group's third-quarter net income jumped 34%, as the market for new homes remains strong.

Louisiana-Pacific 3rd Quarter Earnings Up Sharply

Portland, OR, Oct 22--Wood products maker Louisiana-Pacific Corp. said its third-quarter profit rose sharply, driven by strong demand and prices on wood panels used in homebuilding.

DuPont Reports 3rd Quarter Loss on Charges & High

Wilmington, DL, Oct. 22--DuPont Co. swung to a loss in the third quarter on special charges, higher raw material costs and noncash pension and stock-option expenses.

Solutia Bondholders Open To Restructuring Plan

St. Louis, Oct 21--Solutia Inc. bondholders appear to be open to the company's plan to restructure $1.25 billion in debt, announced last week.

Armstrong Clears the Decks As Crucial Hearing Near

Lancaster, PA, Oct. 21--The strategy of Armstrong World Industries for emerging from bankruptcy protection as soon as possible seems to boil down to these four words: Let's make a deal.

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.

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.