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.
Washington, DC, Jan. 30--The U.S. economy slowed in the final quarter of 2002, growing at an annual rate of just 0.7%. The small rise in gross domestic product came after the economy grew at a 4% rate in the third quarter, according to the Commerce Depart
Midland, MI, Jan. 30--Dow Chemical had a net loss of $809 million, or $0.89 a share, compared with a net loss of $37 million, or $0.04 a share, a year ago. Excluding one time items, Dow reported a loss of $0.18 a share
Wilkesboro, NC, Jan. 31--Lowe's Cos. has promoted Robert Niblock, the firm’s chief financial officer, to president effective March 1.
Trelleborg, Sweden, Jan. 28—As previously reported, Pergo AB and HW Industries GmbH, the main stockholder of Witex AG, have been conducting ongoing discussions concerning a merger between Pergo and Witex. Negotiations have been concluded and the parties
New York, NY, Jan. 29--The Conference Board's Consumer Confidence Index dipped nearly two points in January. The Index now stands at 79.0, down from 80.7 in December. The Expectations Index declined to 81.4 from 88.1, while the Present Situation Index
Atlanta, GA, Jan 29--Home Depot is consolidating two regional divisions that serve stores on the East Coast. The firm will merge its New England division, which includes stores from New York to Maine, into its Eastern division, which includes stores from
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.
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.
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
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.