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.

Denial of Armstrong’s Reorganization Plan Upheld b

Lancaster, PA, January 3, 2006--Armstrong Holding announced that on December 29, 2005, the United States Court of Appeals for the Third Circuit filed its decision upholding the U.S. District Court's denial of confirmation of Armstrong World Industries

Faus Group and Pergo Settle All Disputes

Dalton, GA, January 2, 2006--Faus Group, Inc. (“Faus”) is very pleased to announce they have settled all existing litigation with Pergo anywhere in the world on terms both parties believe are reasonable.

Initial Jobless Claims Up 3,000 Last Week

Washington, DC, December 29, 2005--New claims unemployment benefits rose 3,000 to a seasonally adjusted 322,000 in the week ending Dec. 24, the Labor Department said Thursday.

Existing-Home Sales Slide 1.7%

Washington, DC, December 29, 2005--Existing-home sales declined in November while home prices sustained double-digit annual gains, according to the National Association of Realtors.

Pulte Sells Operations in Mexico

Bloomfield Hills, MI, December 28, 2005--Number two U.S. homebuilder Pulte Homes said it sold its Mexico home-building operation to investors led by affiliates of Walton Street Capital, allowing the company to focus on its U.S. expansion.

Armstrong to Cut Retention Bonuses 60% in 2006

Lancaster County, PA, December 27, 2005--Armstrong World Industries wants to eliminate next year's annual retention bonuses for about two-thirds of the employees it’s rewarding this December, apparently as a belt-tightening move.

Armstrong to Sell Lancaster Warehouse

Lancaster County, PA, December 27, 2005--Armstrong World Industries announced plans to sell its Landisville, Pa., warehouse to a New Jersey investor for $20.2 million.

Mannington Increases Prices on Commercial Sheet Vi

Salem, NJ, December 23, 2005 – Citing unprecedented cost increases over the past several months, Mannington Mills, Inc., announced today that it will be implementing a price increase on its commercial sheet vinyl and VCT products.