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.
Washington, DC, Oct. 4—According to the Labor Department, the nation’s unemployment fell to 5.6% of the labor force in September as the struggling economy produced more than enough new jobs to offset payroll cutting by businesses.
Linwood, PA, Oct. 4—Foamex International’s deal with Leggett & Platt for the sale of Foamex’s GFI carpet cushion business have been terminated.
Lancaster, PA, Oct. 8—Armstrong World Industries has filed papers with the court handling its almost two year old Chapter 11.
New York, NY, Oct. 3—The brokerage assistant involved in alleged insider trading by Martha Stewart has cut a deal with prosecutors, pleading guilty to a misdemeanor yesterday—a move that could spell further trouble for her.
Washington, DC, Oct. 2—Construction spending dropped by 0.4% in August led by cutbacks in private builders'''' projects including offices, industrial complexes and hotels, according to reports from the Commerce Department.
(Washington, DC, Oct. 11) Consumers cut back on their spending in September, driving down sales at the nation''s retailers by 1.2%.
(Dalton, GA, Oct. 10) Tandus Group has strengthened its senior management team with the transition of Lee Schilling.
Tokyo, Japan, Oct 15‹DuPont is dissolving a Japanese nylon making joint venture with Japan''s second largest maker of synthetic fiber, Teijin, Ltd.
Washington, DC, Sept. 30—According to the Commerce Department, personal consumption spending rose by only 0.3% in August following a 1% surge in July.
New York, NY, Sept. 27—An assistant at Merrill Lynch has agreed to plead guilty to a misdemeanor and testify against Martha Stewart and others in the federal investigation of stock sales in ImClone Systems last year.