Home Depot Reports Higher Income, Sales
Atlanta, GA, Nov. 16, 2010 -- Home Depot reported third quarter net income rose to $834 million, or $0.51 a share, in the third quarter ended Oct. 31, from $689 million, or $0.41 a share, a year earlier.
Today's Flooring News
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Home Builder Confidence Improves in November
Washington, DC, Nov. 16, 2010 -- Builder confidence in the market for newly built, single-family homes improved slightly in November, according to the National Association of Home Builders/Wells Fargo Housing Market Index.
Conditions Improving Slowly, Economist Says
Washington, DC, Nov. 16, 2010 -- Last week's economic indicators showed "positive momentum into the fourth quarter," according to Dave Huether, chief economist for the National Association of Manufacturers.
Factory Production Higher in October
Washington, DC, Nov. 16, 2010 -- Although industrial production was flat overall in October, factory activity strengthened, according to a Federal Reserve report Tuesday.
Shaw Hosts Retailers at Presidential Library
Dalton, GA, Nov. 16, 2010 -- Shaw Industries hosted Texas-based retailers on Oct. 28 at the opening of two collections at the George Bush Presidential Library in College Station, Texas.
Foreclosure Paperwork Mess Poses Housing Threat
Washington, DC, Nov. 16, 2010 -- The confusion stemming from flawed foreclosure documents could deepen the disruption in the housing market and hurt the government's effort to keep people in their homes.
U.S. To Investigate Chinese Wood Floor Dumping
Washington, DC, Nov. 13, 2010 -- The U.S. Commerce Department said it would investigate whether Chinese companies are selling engineered wood flooring in the U.S. at unfairly low prices.
Lowe's Sales, Net Income, Rise in Third Quarter
Mooresvillle, NC, Nov. 15, 2010 -- Lowe's reported third quarter net income of $404 million, and earnings per share of $0.29, slightly below analysts forecast of $0.30.
Thai Firm Buys Invista PET Manufacturing
New York, NY, Nov. 15, 2010 -- Invista has sold PET polymer and resin manufacturing facilities in Spartanburg, S.C. and Queretaro, Mexico for $420 million to Bangkok-based Indorama Ventures Public Co.
Retail Sales Surge Higher in October
Washington, DC, Nov. 15, 2010 -- Retail sales increased in October by the largest amount in seven months, thanks to the strength of the auto sector.