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.

Foamex Posts Lower 2nd Quarter Profit

Linwood, PA, Aug. 13--Foamex International Inc, a maker foam products, on Wednesday posted a lower second-quarter profit and said it was finalizing a refinancing of its bank debt.

DTI/Koch Industries Update

Wichita, KS, Aug. 11--As reported yesterday on Floordaily.net, DuPont has announced that Koch Industries and its subsidiaries are in exclusive negotiations to acquire DuPont Textiles and Interiors, the world’s largest integrated fibers and resins company

DuPont In Talks With Koch Industries To Sell DuPon

Wilmington, DE, Aug. 11--DuPont today announced that it is in exclusive negotiations with subsidiaries of Koch Industries Inc., of Wichita, KS, regarding the possible sale of DuPont Textiles & Interiors (DTI).

Retail Sales Surprisingly Strong

New York, NY, Aug. 8--Retailers finally got a break in July as warm weather and heavy discounting helped lift sales above expectations for many merchants, even the struggling department store sector.

Burlington Posts Loss

Greensboro, NC, August 6--Textile company Burlington Industries Inc. reported Wednesday a narrower net loss of 5 cents a share for the third quarter ended June 28, compared with a loss of 21 cents a share for the same period a year earlier.

Home Depot may be victim of bid-rigging

Atlanta, August 6--Home Depot, the world's biggest home improvement chain, may have been the victim of an improper bidding process now under investigation by the U.S. Department of Justice, a regulatory filing said.

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.