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.

John Gallo Passes Away

Atlanta, GA, Jan. 27--John Gallo, senior vice president of manufacturing for Amtico International and a member of its board of directors, died suddenly on January 24 while on a trip to the U.K. Cause of death was not immediately known.

Durable Goods Orders Up

Washington, DC, Jan. 28--Orders to U.S. factories for big ticket goods edged up in December but still suggested that the nation's battered manufacturing sector isn't out of the woods.

Armstrong Revamps Flooring Products Management

Lancaster, PA, Jan. 28--Armstrong Worldwide Flooring Products has restructured its management team, capping a number of strategic changes the company has made over the past 18 months. The revamped management team continues to be led by president Chan Galb

December Existing Home Sales Up

Washington, DC, Jan. 27--Sales of existing single family homes rose in December while 2002 set a new annual record, according to the National Association of Realtors.

DuPont Profits Lower In Fourth Quarter

Wilmington, DE, Jan. 28--DuPont Co. had a sharp drop in fourth quarter profit on depressed chemical demand and higher energy costs. The company is seeing "modest growth" in many of its businesses, but still expects first quarter earnings before one time i

Martha Will Stay

New York, NY, Jan. 27--Martha Stewart, in her first public comments in months about the probe into the sale of her stake in ImClone Systems, told the New Yorker magazine she has no plans to leave her company.

Consumer Confidence Down

New York, NY, Jan. 22--Consumer confidence in the U.S. economy slipped last week, according to the latest ABC News/Money Magazine poll. The consumer comfort index fell 6 points to negative 27 in the week ended January 19, from negative 21 a week earlier.

Cargill Dow Develops Synthetic Fiber From Corn

New York, NY, Jan. 22—Ingeo, a new fiber brand concept from Cargill Dow, is based on technology that allows manmade fibers to be derived from renewable resources. Ingeo, pronounced "in-gee-o," is a brand whose name literally means "ingredients from the ea

Kmart Files Reorganization

Troy, MI, Jan. 27--Kmart Corp. has filed its reorganization plan in federal bankruptcy court, saying its turnaround will be bankrolled primarily by two investors. The five year plan calls for a return to profitability in fiscal 2004 and focuses on Kmart b