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.

U.S. Seeking Martha Stewart Indictment

New York, NY, June 3--Federal prosecutors are seeking a criminal indictment against Martha Stewart ``in the near future,'' her media company said Tuesday.

Cone Mills May Bid for Burlington's Denim

New York, NY, June 2--Cone Mills Corp. , the world's largest maker of denim fabrics, is considering a bid for the denim-making assets of bankrupt Burlington Industries in a move to expand further, people familiar with the plan said on

Merger's Demise Dashes $36M Pergo Garner Proje

Raleigh, NC, June 2--Plans for a $36 million expansion by Raleigh-based Pergo Inc. of its Garner manufacturing facility have been thrown into limbo after the flooring company's planned merger with Kennesaw, Ga.-based Witex Inc. collapsed for lack of f

Judge Denies Plea to Halt Armstrong's Asbestos

Wilmington, DE, June 2---A bankruptcy judge here decided Friday to let Armstrong World Industries keep progressing toward its own solution to its asbestos woes, rather than wait and see if Congress creates one.

Amid Criticism, Home Depot Directors Re-elected

Chicago, IL, June 2--Shareholders of Home Depot Inc. on Friday reelected all of the retailer's directors, but some had urged votes against co-founder Kenneth Langone because of concerns about board independence.

WestPoint Files for Bankruptcy Protection

West Point, GA, June 2--WestPoint Stevens Inc. filed for protection from its creditors in federal bankruptcy court, joining the raft of textile makers forced to restructure because of overseas competition and excessive debt.

DuPont Boosts Bid For DuPont Canada

Wilmington, DE, June 2-—E.I. DuPont de Nemours & Co. has increased its offer for the rest of DuPont Canada Inc. to C$21.75 a share from C$ 21.00.

Consumer Sentiment Improves in May

New York, NY, June 2--Consumers' attitudes about the state of the U.S. economy improved at the end of May compared with April, according to a report released Friday.

Armstrong Gets OK for Chap 11 Disclosure Statement

Lancaster, PA, June 2--Armstrong World Industries on Friday received bankruptcy-court approval of the disclosure statement outlining terms of its Chapter 11 reorganization plan.

Lowe’s Takes the High Road

Charlotte, N.C. - May 30 - At Lowe’s annual shareholders meeting, company president Robert Niblock made it clear that the nation’s second largest home channel retailer does not mind pushing higher priced items in order to maintain a higher image in the mi