Roger Milliken Steps Down as CEO
Columbia, SC, December 21, 2005--Roger Milliken will step down as chief executive of the Spartanburg textile firm he has run since 1947, but will continue to serve as chairman.
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.
Housing Starts Jump 5.3%
Washington, DC, December 20, 2005--Housing starts in November rose 5.3 percent, the Commerce Department reported. November Housing starts increased to a 2.123 million unit annual rate.
Mannington Readies for Surfaces
Salem, NJ, December 20, 2005--With just over a month to go until Surfaces 2006, Mannington Mills is abuzz with excitement.
NAM: WTO Avoids Manufactured Goods Trade Barriers
Hong Kong, China, December 19, 2005 – The National Association of Manufacturers (NAM) congratulated Amb. Portman and U.S. negotiators for holding the line in Hong Kong, but expressed regret that the World Trade Organization (WTO) Ministerial.
Armstrong Signs New Labor Contract
Lancaster, PA, December 19, 2005--Some 1,400 unionized workers at five Armstrong World Industries plants ratified a new contract that provides 3 percent yearly pay increases and includes a 3 percent overall drop in the amount workers pay for health care.
Hardwood Flooring Shipments Off in November
Memphis, TN, December 16, 2005--Hardwood flooring shipments for November 2005 are reported at 44,557,000 square feet, a drop of more than six percent from the previous month, according to NOFMA: The Wood Flooring Manufacturers Association.
Clock Ticking for Linens ‘n Things
Clifton, NJ, December 16, 2005-- When Linens 'n Things Inc., accepted a $1.3 billion buyout offer from private equity investors last month, analysts wondered if the home furnishings retailer could meet the sales and earnings targets required to financ
NAR: Job Growth, Trade and Hurricanes Drive Commer
Washington, DC, December 15, 2005--The impact of hurricanes is affecting many local commercial real estate markets, but job creation and increased trade are shaping the overall market.
Dupont Fined $16.5 Million for Not Reporting Risk
Washington, D.C., December 14--Dupont, according to an Environmental Protection Agency (EPA) announcement, has agreed to pay a $16.5 million settlement for failing to report health risks posed by the manufacture of Teflon and other plastics.
USGBC Named to Scientific American 50
Washington, DC, December 14, 2005--The U.S. Green Building Council (USGBC) has been named by Scientific American magazine as a Business Leader within the 2005 Scientific American 50--the magazine's prestigious annual list recognizing outstanding acts