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.

Kohler Co. completes its investment in Interceramic common stock

Solutia Inc. has announced a price increase of up to 10 cents per pound ($220.00 U.S. per metric ton) for all general purpose and specialty grades of Ascend nylon 6,6 plastics and polymers, effective January 1, 2001.

Carpet Co-Op of America has acquired for a purchase price was $13.25 million the franchise systems of Flooring America, GCO and Carpet Max Canada.