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.

Armstrong Intros CushionStep

Lancaster, PA, July 3, 2006--Armstrong Floor Products introduces CushionStep an exciting innovation that offers comfort, style and flexibility, and creates a unique alternative to other hard surfaces that can be cold and unforgiving underfoot.

Banks Delay Action Against Feltex

Wellington, New Zealand, July 3, 2006--Carpet-maker Feltex says its bankers won't take any action over breaches of its loan facilities, at least until late September.

Feltex May Have Rescuer

Wellington, New Zealand The prospect of Talley's Fisheries as the new cornerstone shareholder for Feltex has eased fears the troubled carpet maker could be heading for receivership.

Fed Hikes Rates to 5.25%

Washington, DC, June 29, 2006--The Federal Reserve raised interest rates Thursday at its 17 straight meeting. The move, which was expected, brings the Fed funds rate from a four-decade low of 1% to 5.25%, its highest level since March 2001.

Business Roundtable Urges Congress to Help Math an

companies of Business Roundtable, an association of 160 chief executive officers of leading U.S. companies, are joining other companies from across the country in an unprecedented event today to demonstrate to Congress why policies aimed at boosting U.S.