February Factory Orders Higher Than Expected
Washington, DC, March 31, 2010--Orders to U.S. factories rose for a sixth straight month in February as businesses rebuilt inventories, the Commerce Department said.
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.
Three Armstrong Board Members Stepping Down
Lancaster, PA, March 31, 2010--Armstrong World Industries, Inc. said that three directors, Judith R. Haberkorn, James C. Melville and Edward E. Steiner, will not stand for re-election when their respective terms expire.
Topps Tiles Reports Slower Q2 Sales
London, England, March 31, 2010--British retailer Topps Tiles said that second-quarter sales fell, as consumer confidence dipped and a general election nears.
Home Prices Rise in January, Index Shows
New York, NY, March 30, 2010--U.S. home prices recorded the smallest annual decline in nearly three years in January, according to the Standard & Poor's/Case-Shiller 20-city home price index.
Consumer Confidence Reverses Higher in March
New York, NY, March 30, 2010--U.S. consumer confidence recovered in March after falling sharply in February, the Conference Board said Tuesday.
Dutch Firm DSM Unloading Melamine Business
Amsterdam, Holland, March 30, 2010--Dutch chemicals company Royal DSM NV said it will sell its fertilizer and melamine businesses to Egypt's Orascom Construction Industries for $418 million.
Commercial Loans Next Bank Trouble Spot
Washington, DC, March 30, 2010--Treasury Secretary Timothy Geithner warned that mounting losses from commercial real estate loans will continue to be a problem for smaller U.S. banks.
Analyst Issues 'Buy' Rating on Mohawk
New York, NY, March 30, 2010--Ticonderoga Securities analyst Stephen East initiated coverage of Mohawk Monday with a “Buy” rating and a price target of $63.
Carpet Scraps To Be Used To Make Tote Bags
Valley, AL, March 30, 2010--Fifteen workers will begin work producing tote bags and purses using scrap carpet material provided by carpet tile manufacturer InterfaceFlor.
Floor Advertising System Wins Technical Award
Spencer, MA, March 30, 2010--FLEXmark floor art, a two-part system of printable vinyl paired with a white double-faced polyester laminate for graphic floor advertising, has received an award for technical excellence.