The University of Michigan's preliminary November consumer
sentiment index rose to 85.0 from a final 80.6 in October, ending a five-month slide in sentiment.
Armstrong Holdings Inc.
(AHI) and Armstrong World Industries Inc. (AWI) announced recently that the New York Stock Exchange Inc. (NYSE) has determined to suspend trading and pursue
delisting AHI's common stock (and of AWI's 9.75 percent Debentures due April 15, 2008 and 7.45 percent Senior Quarterly Interest Bonds due October 15, 2038).
Pergo AB and the main shareholder of Witex AG, HW
Industries GmbH & Co. KG, have signed a letter of intent concerning a merger
between Pergo and Witex.
Armstrong Holdings Inc. recently reported 2002 third quarter net sales of $846.0 million, as compared to $804.9 million in the third quarter of 2001, an increase of 5.1 percent.
U.S. economic growth forged ahead during the third quarter at more than twice the anemic rate of the second quarter, according to the U.S. Commerce Department.