Home Depot to Repurchase More Shares
Atlanta, GA, May 18, 2006--Home Depot Inc., said its board approved the immediate repurchase of $2 billion in stock, as well as the expansion of its existing share-buyback program by an additional $2 billion.
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.
Faus Group Founder Andres Faus, Dead at 68
Calhoun, GA, May 18, 2006--Faus Group, Inc., announced today that Andres Faus, founder of Faus Group and chairman of the board of directors until December 2005, passed away May 16 in Gandia, Valencia, Spain.
Bernanke Says Housing Market Cooling
Chicago, IL, May 18, 2006--It is "pretty clear" that the U.S. housing market is cooling off but it looks poised for a soft landing given overall strength in the economy, U.S. Federal Reserve Chairman Ben Bernanke said on Thursday.
Dowling to Retire as StarNet President & CEO
Ridgefield, CT, May 18, 2006--At StarNet Commercial Flooring Cooperative’s annual meeting in Bal Harbour, Florida, Lori Dowling, president and CEO, announced her plans to retire in April 2007.
Sears 1Q Earnings Up
Hoffman Estates, IL, May 18, 2006--Sears Holdings posted a strong jump in first-quarter earnings Thursday, citing better profitability from both its Kmart and Sears Domestic operations, mainly due to reduced expenses.
StonExpo Adds Eastern Show
Dallas, TX, May 18, 2006--Hanley Wood Exhibitions has launched StonExpo East, in response to a need the stone industry has voiced for a western and eastern event.
Consumers Adjust to High Prices at the Pump
Washington, DC, May 18, 2006 – While consumers have seemed resilient in the face of higher energy costs, a tipping point may soon be in sight.
Beaulieu of Australia Wins Green Award
Brisbane, Australia, May 18, 2006--Beaulieu of Australia was recognized for leadership and innovation in business sustainability at the Environmental Protection Agency (EPA) Sustainable Industries Awards held recently in Brisbane, Australia.
Boomer Survey Shows Big Appetite for Real Estate
Washington, DC, May 18, 2006--Baby boomers have a higher rate of homeownership than the national average and one out of four own more than one property, according to a new study of the largest generation in U.S. history commissioned by the National Associ