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.

Revised 3Q GDP Up 3.9%

Washington, DC, November 30—The economy grew at a more rapid pace during the summer than the government first believed. Gross domestic product increased during the third quarter at a 3.9% annual rate, faster than the 3.7% pace initially estimated, the Com

Bayer Shareholders Approve Lanxess Spin Off Plan

Leverkusen, Germany, November 30--At an extraordinary general meeting on Wednesday, the majority of shareholders in Bayer, the German chemicals and pharmaceuticals company, voted in favour of a spin-off of Lanxess.

Chain Store Sales Off Last Week

New York, NY, November 30--Chain store retail sales were off 1.5 percent in the week ended November 27, compared with a 0.8 percent rise in the previous week, the International Council of Shopping Centers and UBS said in a joint report.

Average Housing Prices Up 8.5% in October

Washington, D.C., November 30 -- The Federal Housing Finance Board reported today that the national average one-family house purchase price in October was up 8.5% from a year ago.

Tarkett To Acquire Marley Floors

Frankenthal/Lenham, Germany, November 30--Tarkett AG has signed an agreement to acquire the business of Marley Floors from ETEX Group SA, Belgium.

NOFMA Names New Officers, Board Members

Memphis, TN, November 30—NOFMA: The Wood Flooring Manufacturers Association elected John Clark, Cherrybark Flooring, Hazelhurst, Miss., to lead the Association as President for 2005.

Unilin & Faus Announce Patent Agreement

Dalton, GA, November 29--Unilin and Faus have announced that the companies have entered into a patent co-operation agreement. Through this agreement, parties provide each other access to their respective rights on clic-systems, embossed-in-register and Jo