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.

Survey: Most CEOs Say Flexibility and Adapting to

New York, NY December 6--Most CEOs say flexibility and adaptability to change are the major keys to staying competitive, according to a study released today by The Conference Board and sponsored by Heidrick and Struggles and PeopleSoft.

2004 Bankruptcy Filings Down

Alexandria, VA, December 6--The total number of bankruptcies filed in federal courts declined 2.6 percent in the 12-month period ending September 30, 2004, according to data released today by the Administrative Office of the U.S. Courts.

Lanxess Plans its Launch

Leverkusen, Germany, December 6-- Bayer is to spin off its chemicals and plastics activities in early 2005 under the name Lanxess. It will start with 67% of its activities in profit and an inherited debt of EUR 1.5 bn.

Three Former Kmart Executives Charged with Fraud

Washington, DC, December 3--Three former Kmart executives and representatives of several major vendors were charged on Thursday with fraudulently accounting for $24 million of profit before the retailer filed for bankruptcy in 2002.

Employers Add 112,000 Jobs in October, Unemploymen

Washington, DC. December 3--Employers added 112,000 workers in November, less than the 200,000 that economists has expected, but the jobless rate dropped to 5.4 percent from 5.5 percent, according to the Labor Department.

Wal-Mart Launches Ad Blitz

Bentonville, AR , December 3--Wal-Mart, stung by a lackluster start to the holiday shopping season, said Thursday it is launching a new advertising campaign to remind its customers of its low prices.

Home Depot & Lowe's Settle Credit Card Suit

Los Angeles, December 2--More than two million people with credit cards from The Home Depot Inc. and Lowe's Companies Inc. could be eligible for $5 rebates under the terms of a court settlement of a lawsuit over the companies' credit card promotio

Solutia Names Winners of Doc Competition

New York, December 2--Solutia honored four design firms and four carpet manufacturers in the annual Doc Competition awards ceremony held in New York City on December 1.