Interface Will Also Reduce Its Workforce
Atlanta, GA, Oct. 16--Interface also plans, subject to final board approval, to further rationalize manufacturing operations in its fabrics division
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.
Beaulieu Renews Laura Ashley License
Dalton, GA, Oct. 14‹Beaulieu of America has renewed its license agreement with Laura Ashley to market carpet under the brand for another six years.
3M''s Income Up
St. Paul, MN, Oct. 21--3M Co., whose products range from Post-It notes and Scotchgard to industrial adhesives and asthma inhalers, said its third quarter net income rose to $545 million
Law Firm Sues Sears
New York, NY, Oct. 18--A New York City law firm has sued Sears, Roebuck & Co. and its executives
Mohawk''s Earnings Soar
Calhoun, GA, Oct. 15--Mohawk Industries had record quarterly net earnings of $81.56 million (46% above last year) and diluted earnings per share (EPS) of $1.21
Manufacturing Slows
Tempe, AZ, Oct. 2—U.S. manufacturing activity contracted in September after seven straight months of growth, suggesting a nascent rebound has stalled.
Pergo Signs License Agreements
Trelleborg, Sweden, Oct. 8—Pergo has signed license agreements with three laminate producers: Kaindl, Kronospan and Kronotex.
Unemployment Down A Little
Washington, DC, Oct. 4—According to the Labor Department, the nation’s unemployment fell to 5.6% of the labor force in September as the struggling economy produced more than enough new jobs to offset payroll cutting by businesses.
Foamex Terminates GFI Cushion Deal
Linwood, PA, Oct. 4—Foamex International’s deal with Leggett & Platt for the sale of Foamex’s GFI carpet cushion business have been terminated.
Armstrong Looks To Refinance
Lancaster, PA, Oct. 8—Armstrong World Industries has filed papers with the court handling its almost two year old Chapter 11.