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Armstrong Holdings Inc. reported that its chief operating subsidiary, Armstrong World Industries, had eliminated 56 corporate and line-of-business staff positions as a result of streamlining the organization to more accurately reflect staffing needs for current business conditions.

Existing single-family home sales rose in November on the strength of lower interest rates, according to the National Association of Realtors.

Building-products manufacturer Johns Manville, which recently called off a planned sale to an investment group, has agreed to be acquired for more than $1.9 billion by Berkshire Hathaway Inc., an investment company headed by billionaire Warren Buffett.

James Hardie Gypsum has completed its purchase of the assets of Western Gypsum, a gypsum mining operation in Utah.

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.