Breaking Flooring News

RSS

The number of people applying for state unemployment benefits fell during the week ending March 2, according to the U.S. Labor Department.

Formica Corp. recently announced that it has reached agreement with its secured lender bank group on a credit facility to support its ongoing business operations.

As part of the company¿s continuing restructuring initiatives, Beaulieu Residential says it will exit the hard-surface flooring and general distribution business in the West and Southwest United States by returning those facets of its operation to the former shareholders of LDBrinkman.

Gross domestic product increased at a revised 1.4% annual rate in the last three months of 2001.

The Institute for Supply Management (ISM), formerly known as the National Association of Purchasing Management, recently reported a rise in its index of business activity.

The Commerce Department recently reported that consumer spending rose 0.4% in January.

Sales of new homes dropped 14.8% in January in their biggest decline in eight years, according to the U.S. Commerce Department.

In the largest monthly increase on record, existing single-family home sales surged in January and reached an unprecedented monthly high of more than 6 million units.

Domco Tarkett Residential has announced its Get R.E.A.L. spring promotion to support its new lines of resilient sheet flooring--Domco Vintage and Tarkett Contours.

Honeywell’s board of directors has elected David M. Cote, 49, to serve as president, CEO and member of the board effective immediately. He succeeds Lawrence A. Bossidy, 66, who will remain chairman and a member of the Board of Honeywell until he retires on June 30, 2002.