Today's Flooring News

  1. Home
  2. 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.

Jobless Claims Drop

Washington, DC, Nov. 20--The number of workers filing first-time applications for unemployment benefits fell unexpectedly last week, another encouraging sign for the battered labor market.

Housing Starts Jump

Washington, DC, Nov. 19--Home-building activity sizzled in October as residential construction hit its highest level in 17 years.

Invista Acquisition Update

Wilmington, DE, Nov. 18--The DuPont Co. said Monday it has agreed to sell its nylon, polyester and Lycra business to Koch Industries Inc. for $4.4 billion.

Koch To Buy Invista

Wilmington, DE, and Wichita, KS, Nov. 17--DuPont and Koch Industries, Inc. today announced they have reached a definitive agreement to sell Invista, formerly DuPont Textiles & Interiors, to subsidiaries of Koch for $4.4 billion in cash.

Domco To Be Independent Brand

Farnham, Quebec, Nov. 12--Domco, with a rich and diverse history that spans more than 130 years, is in the process of reinventing itself as an independent brand.

DuPont: Invista Sale Likely In '04. Price Lowe

Wilmington, DL, Nov. 13--The DuPont Co. on Wednesday told regulators it expects to close a sale of Invista for about $4 billion during the first half of next year, one-third less than some analysts originally had predicted.

Milestone Merchant Partners Acquires Florida Tile

Washington, DC, Nov. 11--Milestone Merchant Partners, LLC, the Washington, DC-based merchant bank, announced the purchase of Florida Tile Industries, Inc. from Illinois Tool Works Inc.'s subsidiary, Premark International, Inc.

Berkshire’s Earnings Up

Omaha, NE, Nov. 7--Berkshire Hathaway's third-quarter earnings rose 58% including investment gains, and climbed 38% without the gains.