Today's Flooring News

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.

Jobless Claims Off Last Week

Jobless Claims Off Last Week

Washington, DC, May 17, 2007--Jobless claims fell 5,000 to 293,000 on a seasonally adjusted basis in the week ended May 12, the Labor Department said Thursday.

Federated Posts 1Q Profit

Federated Posts 1Q Profit

Cincinnati, OH, May 17, 2007--Federated Department reported earnings in the first quarter of $36 million, or $0.08 per share compared with a year-ago loss of $52 million, or $0.09 cents per share, hurt by a hefty charge.

Solutia Files Amended Reorganization Plan

Solutia Files Amended Reorganization Plan

St. Louis, MO, May 17, 2007--Solutia Inc. said it has filed an Amended Plan of Reorganization (the ``plan'') and Disclosure Statement with the Bankruptcy Court for the Southern District of New York.

Industrial Production Up in April

Industrial Production Up in April

Washington, DC, May 16, 2007--Industrial production rose 0.7 percent in April following a revised 0.3 percent decrease in March, according to a Federal Reserve report issued Wednesday.

Housing Starts Up. Permits Drop

Housing Starts Up. Permits Drop

Washington, DC, May 16, 2007--Housing starts rose 2.5 percent in April to a seasonally adjusted annual pace of 1.528 million, according to the Commerce Department.

State Home Sales Show Stabilization in 1Q

State Home Sales Show Stabilization in 1Q

Washington, DC, May 16, 2007--State existing-home sales in the first quarter generally are below a year ago but more states are improving than reported in the fourth quarter of 2006.