Foamex International Inc. announced that Virginia A. Kamsky, chairman of the board of Kamsky Associates Inc., has been elected to the Foamex board of directors.

Lehman Brothers has lowered both its fourth quarter and fiscal year earnings estimates for Home Depot Inc. due to sluggish retail sales.

Forbo Holding AG, a manufacturer of linoleum flooring, said it agreed to sell its coated textile business to closely held Ferrari Group of France to focus on its main products.

Formica Corp. has entered a strategic alliance with Lowe's Companies Inc. of Wilkesboro, N.C., the world's second largest home improvement retailer.

The board of directors of American Biltrite Inc. has authorized the purchase, from time-to-time, of as much as $5 million of the outstanding Class A common shares of Congoleum Corp.

Randy Gum, vice president of sales for Midwest distributor Misco Shawnee Inc., will become the company’s president this month when Paul Murfin departs to assume the reins as new president of Bona Kemi USA.

The Dixie Group Inc. has been notified by Nasdaq that Dixie's 7% convertible subordinated debentures do not have at least two active market makers and therefore no longer meet the requirements for continued listing on the Nasdaq National Market.

Sales of new U.S. homes in October slowed slightly but remained robust, the government said in a report which surpassed Wall Street's expectations.

Minnesota Mining & Manufacturing Co. has appointed General Electric Co.'s James McNerney as chairman and chief executive, the first outsider to run the maker of Post-It Notes and 50,000 other products.

US Construction for October rises 0.9% to a $825 billion annual rate.