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.
London, England, August 30--Equitas, the representative for London's Lloyd's commercial insurance, will pay $300 million to six U.S. companies to settle claims related to workers' exposure to asbestos.
Lancaster, PA, August 29--Armstrong will eliminate more jobs and reduce benefits to slash expenses by $50 million in both 2006 and 2007, employees have been told, according to the Lancaster New Era.
New York, August 29--Crude oil futures briefly surged past $70 a barrel for the first time Monday as Hurricane Katrina barreled toward the heart of U.S. oil and refinery operations.
Ann Arbor MI, August 26—-The University of Michigan's index of consumer sentiment declined to 89.1 from July's 96.5, the first drop since May. A preliminary estimate of the survey on Aug. 12 put the index at 92.7.
Lancaster, PA, August 26--Armstrong World Industries on Monday asked a U.S. Bankruptcy Court to renew two incentive-bonus programs for its top management
Washington, DC, August 25—-More data is needed to determine the true direction of the housing market, according to David Seiders, chief economist, National Association of Home Builders.
Pawtucket, RI, August 25--cmi (Colonial Mills, Inc.) has reorganized its sales department by creating an internal, direct sales force. cmi determined this move was important to best maximize the continued growth of the company.
Washington, DC, August 24--New home sales rose 6.5 percent to a 1.41 million annual rate last month from 1.324 million in June, the Commerce Department said today in Washington.
Trelleborg, Sweden, August 24--Tony Sturrus, CEO of Pergo, said there are excellent opportunities for growth throughout the company over the next two years.
Washington, DC, August 23--Existing-home sales declined 2.6 percent in July to a seasonally adjusted annual rate of 7.16 million from an upwardly revised record of 7.35 million in June in July from a record in June, according to the National Association