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 Gets 8th Extension from Bankruptcy Court

Lancaster, PA, Sep. 21--A bankruptcy court judge agreed to make sure that Armstrong's bankruptcy reorganization plan will remain the only proposal on the table for at least six more months, according to the Lancaster New Era.

Fed Raises Rates for Third Time in a Row

Washington, September 21--The Federal Reserve raised interest rates by a quarter percentage point as expected, the third straight rise in a bid to keep a lid on inflation pressures despite some signs of economic softness.

Study on Chemical Used in Teflon Launched

Washington, September 17—According to Health & Medicine Week, about 300 people have agreed to participate in a 4-year study that aims to determine whether there are health risks associated with exposure to a chemical used to make Teflon.

Martha Stewart Asks to Go to Jail

New York, September 16--Martha Stewart said she wants to start serving her jail sentence for lying about a suspicious stock sale as soon as possible, so she can put her "nightmare" behind her and be home in time to plant her garden for spring.

Interceramic Announces Termination of Its ADR Prog

Chihuahua, Mexico, September 15-- Internacional de Ceramica, S.A. de C.V. has filed a voluntary application with the United States Securities and Exchange Commission and the New York Stock Exchange to delist its American Depositary Receipts with the NYSE

Fed Rate Hikes First Stage of Return to Normal

Washington, September 14-- If the Federal Reserve raises interest rates next week as expected, it will be nearing completion of the first stage of what appears to be a two-stage campaign to return interest rates to normal levels.

Health Insurance Premiums Rose 11.2% in 2004

Washington, September 9 – Employer-sponsored health insurance premiums increased an average of 11.2% in 2004 -- less than last year’s 13.9% increase, but still the fourth consecutive year of double-digit growth

Rugs with Teflon Now Available

Atlanta, GA, September 8-- It’s the force that keeps spaghetti sauce from ruining your favorite shirt. It even helped protect the spacesuits worn by the astronauts who went to the moon.