Armstrong Reports Operating Loss
Lancaster, PA, Aug. 8--Armstrong Holdings, Inc. today reported second quarter 2003 net sales of $826.9 million that were 0.1% higher than second quarter net sales of $825.7 million in 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.
Armstrong Plans To Create New Stock
Lancaster, PA, Aug. 9--One change in ownership for Armstrong World Industries already is planned. And that may not be the only one, the company's top executive acknowledged, according to a report in the Lancaster New Era.
Martha Stewart Revenue Down
New York, NY, Aug. 11--Martha Stewart Living Omnimedia, the retail and lifestyle empire built around its namesake founder, on Monday reported lower second-quarter profit as revenue fell 16.3 percent.
Kmart Quarterly Loss Narrows
Troy, MI, Aug. 11--Kmart Holding Corp. on Friday posted audited first-quarter results that reflect the impact of "fresh start" accounting after the retailer emerged from bankruptcy protection.
Corporate Spending May Be On The Rise
New York, NY, Aug. 8--Although wary from rallies that never materialized and economic bright spots that quickly faded, economists are beginning to feel more confident: They have raised expectations for third-quarter growth
BOMA Launches Online Seminar
Washington, DC, Aug. 7--The Building Owners and Managers Association (BOMA) International, the leading advocacy group for the commercial real estate industry, has launched a new online seminar
Congoleum Bondholders Approve Indenture Amendments
Mercerville, NJ, August 8--Congoleum Corporation today announced that Congoleum and the trustee for Congoleum's 8 5/8% Senior Notes Due 2008 have adopted certain amendments to the indenture governing the notes.
DuPont To Restructure Canadian Operations
Mississauga, Ontario, Aug. 8--DuPont Canada is restructuring its Canadian operations as part of a wider plan by its U.S. parent to fold the subsidiary's textiles and fibres business into a new and separate global company.
American Biltrite Plans To Exit Wood Business
Wellesley Mills, MA, August 7--American Biltrite Inc., Congoleum's majority shareholder, reported today that it plans to sell or otherwise dispose of its Janus pre-finished hardwood flooring business and will record a charge to second quarter earnings
GGST Looking To Sell Pillowtex Assets
Los Angeles,CA, Aug. 6--GGST, the group buying the assets of bankrupt towel and bedding manufacturer Pillowtex Corp. on Tuesday said it has begun seeking buyers for those assets.