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.

Service Sector Posts Biggest Gain In Six Years

New York, NY, Aug. 6--Economic activity involving the service sector in July scored its biggest monthly gain in six years amid record growth of new orders, according to a report released Tuesday.

After Court Approval, Ross Speaks of Plans For Bur

Greensboro, NC, August 2--The man who appears to have gained control of Burlington Industries Inc. on Friday said he expects to invest money building the company and is lobbying for better enforcement of U.S. trade policy, according to the Charlotte Obser

Construction Spending Flat

Washington, DC, August 1--Construction spending was flat in June, falling short of expectations, as outlays for private residential construction fell, the government said on Friday.

Judge Throws Out Breakup Fee In Burlington Deal

GREENSBORO, NC, Aug. 1--A bankruptcy judge on Thursday threw out a $6.08 million breakup fee that was part of the bid by investment firm W.L. Ross Inc. LLC to buy bankrupt Burlington Industries, forcing a renegotiation.

Armstrong Announces Leadership Change

Lancaster, PA, July 31--Armstrong World Industries, Inc. announced that Chan W. Galbato, President and CEO, Armstrong Floor Products, will leave the company to pursue other opportunities.

Dixie Group's Income Down

Chattanooga, TN, July 30--The Dixie Group, Inc., today reported net income of $1.4 million, or $0.12 per diluted share, for the second quarter ended June 28, compared with net income of $3.0 million, or $0.25 per diluted share, for the prior-year period.

Burlington Goes To WL Ross, Mohawk To Get Lees

Greensboro, NC, July 28--Burlington Industries, Inc. today announced that the purchase price in its July 25th acquisition agreement with W.L. Ross & Co. LLC had been increased from $608 million to $620.08 million, both subject to various adjustments. The

Ross' Bid For Burlington Is Best

Greensboro, NC, July 28--Burlington Industries Inc. said investment firm WL Ross & Co.'s $608 million offer for the company is the best and highest bid.

Domco Tarkett Earnings Down

Farnham, Quebec, July 24--Domco Tarkett Inc. announces its results for the second quarter ended June 28, 2003. It should be noted that the financial statements have been presented in U.S. dollars since January 1, 2003.

Interface Sales Flat

Atlanta, GA, July 23--Interface, Inc. announced results for the second quarter ended June 29, 2003.