Leading Indicators Up
New York, NY, Nov. 20--A closely watched gauge of future economic activity rose 0.4 percent in October, suggesting continued growth in the coming year.
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.
Court Confirms Armstrong's Reorganization Plan
Wilmington, DE, Nov. 19--The bankruptcy judge overseeing the Chapter 11 case of Armstrong World Industries said Tuesday he would recommend confirmation of the building maker's plan of reorganization.
U.S. Imposes Quotas On Chinese Textile Products
Washington, DC, Nov. 18--The Bush administration, in a further escalation of trade tensions between the United States and China, announced Tuesday it had decided to impose quotas on three types of textile products.
Surfaces Exhibit Space Close To Sold Out
Dallas, TX, Nov. 19--With about two months left until the show, Surfaces--the floor covering industry’s main event--is over 90% sold out.
Kraus Carpet Founder Dies
Kitchener, Canada, Nov. 19--The Board of Directors of Kraus Carpet Mills Limited joins the Kraus family and all employees in mourning the passing of Michael Kraus, founder and Chairman Emeritus.
G-P Director Dies While On Trip To Argentina
Atlanta, GA, Nov. 19--Georgia-Pacific director Jane Evans died suddenly while on a trip to Buenos Aires, Argentina, the company said, according to the Atlanta Journal-Constitution.
Consumer Prices Hold Steady
Washington, DC, Nov. 18--Consumer prices were steady in October, indicating that the recent surge in economic growth isn't fanning inflation.
About Koch
Wichita, KS, Nov. 18--Koch Industries completed a $4.4 billion acquisition Monday with an agreement to acquire Invista, formerly DuPont Textiles and Interiors, according to the Wichita Eagle.
Global Deal For New Wool Firm
Auckland, NZ, Nov. 18--A new wool company owned by New Zealand's sheep farmers has roared into life with a multimillion-dollar deal to deliver a wonder wool protein to the world's cosmetic buyers.
Boston Group Buying Simmons
Atlanta, GA, Nov. 17--Boston-based private equity firm Thomas H. Lee Partners is acquiring control of bedding manufacturer Simmons Co., maker of the Beautyrest mattress, for $1.1 billion.