February 27, 2015
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Keep up to date with the most recent news in the flooring industry. Today's News...As it happens! We update this news several times a day so you can stay connected.
Bad News Sends Lumber Liquidators Stock in Plunge
New York, NY, Feb. 26, 2015 -- Shares of Lumber Liquidators plunged more than 25% Wednesday after the company reported bad news on two fronts.
House Prices Continued To Rise Last Quarter
Washington, DC, Feb. 26, 2015 -- House prices rose 1.4% in the fourth quarter of last year, according to the Federal Housing Finance Agency house price index.
Armstrong Asbestos Trust Sells 2.7 Million Shares
Lancaster, PA, Feb. 26, 2015 -- The Armstrong World Industries Asbestos Personal Injury Settlement Trust said that it had sold 2,739,944 shares of Armstrong common stock to a financial institution.
Unemployment Claims Rise Last Week
Washington, DC, Feb. 26, 2015 -- Initial claims for unemployment benefits surged last week above 300,000 to the highest level in seven weeks, according to the Labor Department.
Statements Tile and Stone Founder Retires
Seattle, WA, Feb. 26, 2015 -- Statements Tile and Stone said that its founder, Steve Calkins, has retired.
Consumer Prices Fall in January
Washington, DC, Feb. 26, 2015 -- Consumer prices fell in January, according to the Labor Department.
Lumber Liquidators Reports Lower Income, Higher Sales
Toano, VA, Feb. 25, 2015 -- Lumber Liquidators reported fourth quarter net income of $17.3 million, or $0.64 per share, compared to net income of $20.8 million, or $0.74 per share, a year ago.
New Home Sales Tick Down in January
Washington, DC, Feb. 25, 2015 -- New home sales edged down in January, according to the Commerce Department.
Lowe's Earnings Surge on Higher Sales
Mooresville, NC, Feb. 25, 2015 -- Home improvement retailer Lowe's reported fourth quarter net earnings of $450 million, a 47.0% increase over the same period a year ago.
Tandus Centiva, Desso, Collaborating in North America
Dalton, GA, Feb. 25, 2015 -- Tandus Centiva and Desso, both Tarkett companies, said they will be collaborating in North America on commercial flooring and service.
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