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.

Trust Fund For Asbestos Criticized

Washington, DC, July 10--Eleven companies that are negotiating some of the largest potential asbestos-exposure payouts to victims, would pay $15 billion less under an alternative plan in Congress to create a trust fund, according to a study by some victim

FloorExpo Launches Multi Family Solutions

Marietta, GA, July 10--FloorExpo has announced the formation of Multi-Family Solutions, a brand which will be utilized under the FloorExpo umbrella to specifically target the multi family flooring market through a new division.

Lehman Boosts Estimates For Lowe's

Charlotte, NC, July 8--Lehman Brothers Inc. said Lowe's Cos.' same-store sales have accelerated over the past several weeks, prompting the firm to boost its earnings forecasts for the second quarter, 2003 and 2004.

Consumer Credit Rose In May

Washington, DC, July 8--Consumers increased their debt balances in May, charging more to credit cards and automobile loans, the Federal Reserve said.

Prospective Pillowtex Buyer A Mystery

Kannapolis, NC, July 8--The story sounds straightforward enough: Broome & Wellington, a British textile firm, seeks to buy beleaguered Pillowtex Corp. for more than $350 million to expand its U.S. operations, as reported in the Charlotte Observer.

Argentine Tile Maker May Open Plant In Florida

Yulee, FL, July 8--An Argentine company that makes ceramic and porcelain tiles may be bringing 170 jobs to Yulee when it begins manufacturing services there, according to the Florida Times-Union, Jacksonville.