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.

Godfrey Hirst Raises Stake in Feltex

South Geelong, Australia, January 12, 2006--Godfrey Hirst has again emerged as a possible saviour for troubled carpet maker Feltex, today announcing it has bumped its stake from 5.78% to 8.72%, according to ShareChat News.

IVC Names Steyaert President

Dalton, Georgia, January 12, 2006--IVC US, Inc., the North American division of Belgian resilient flooring manufacturer IVC Group, has announced the appointments of Xavier Steyaert, president, and Don Roberts, vice-president of retail sales and marketing.

Special Events at Domotex Add Value

Hannover, Germany, January 12, 2006--A highly attractive supporting program is in store for exhibitors and visitors at the upcoming Domotex Hannover 2006 (14 - 17 January)--the leading trade show for carpets and floor coverings worldwide.

Q.E.P. Earnings Off in 3Q

Boca Raton, FL, January 12, 2006--Q.E.P. Co., in its third fiscal quarter reported net income of $283,000, or $0.08 per diluted share, compared with $1.2 million, or $0.33 per diluted share in the third quarter last fiscal year.

Import Prices Off 0.2%

Washington, DC, January 12, 2006--Prices of goods imported into the United States fell for the second consecutive month in December as petroleum prices dropped again, the Labor Department said Thursday.

Study: Land Key Commodity for Homebuilders

New York, NY, January 12, 2006--McGraw-Hill Construction and Deloitte & Touche USA LLP's real estate industry group issued a new report today suggesting that a "moderate slowdown in certain regions of the U.S. housing market" appears more probable tha

SEC Opens Informal Probe of Home Depot

Washington, DC, January 12, 2006--The Securities and Exchange Commission has opened an informal investigation into charges that Home Depot Inc., inflated profits through supplier payments meant to cover the cost of damaged merchandise,