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.

Kronospan Seeking Government Incentives

Bratislava, Slovakia, May 26, 2006--Kronospan wants to invest more than Sk12bn in Slovakia asking the government for investment incentives worth Sk3.64bn, says a document published by the Economy Ministry.

Teragren Signs With Distributor T&A Supply

Bainbridge Island, Washington, May 25, 2006--Teragren, manufacturer of environmentally-friendly bamboo flooring, panels and veneer, announced that it has signed an agreement with T&A Supply to exclusively provide Teragren bamboo flooring products to T&A’

Domotex Middle East Feeds Construction Boom

Dubai, United Arab Emirates, May 25, 2006--The Gulf's booming construction industry is paying rich dividends for international and domestic carpet and floor covering manufacturers.

Weekly Initial Jobless Claims Off

Washington, DC, May 25, 2006--First time claims for unemployment benefits fell to 329,000 in the week ending May 20, the Labor Department said Thursday, a decrease of 40,000 from the prior week.

1Q GDP Revised Up to 5.3%

Washington, DC, May 25, 2006--The economy grew at a 5.3% annual rate in the first quarter, the Commerce Department said Thursday in its first revision of gross domestic product estimates.

Lowe's Announces 2-for-1 Stock Split

Charlotte, NC, May 25, 2006--Lowe's board of directors has announced a two- for-one split of its common shares. Shareholders will receive one additional share for each share held as of the June 16, 2006 record date.

Help-Wanted Advertising Index Dips

New York, NY, May 25, 2006--The Conference Board Help-Wanted Advertising Index--a key measure of job offerings in major newspapers across America--dipped two points in April.