Sherwin-Williams Shares Drop on Lead Paint Ruling
Providence, RI, February 23, 2006--Sherwin-Williams stock fell as much as 22% Wednesday on reports that a verdict from a Rhode Island jury could cost the nation's biggest paint maker millions.
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.
Robbins Flooring Michigan Plant to Lays Off 14-16
Ishpeming, MI, February 23, 2006--The Robbins Flooring mill in Ishpeming has been severely downsized.
NAR Launches Leading Index for Commercial Real Est
Washington, DC, February 23, 2006--The National Association of Realtors launched a new leading indicator for the commercial real estate market today that shows an increase in commercial brokerage activity can be expected over the next six to nine months.
Toll Brothers 1Q Earnings Up 49%
Horsham, PA, February 23, 2006--Luxury home builder Toll Brothers on Thursday reported a 49% improvement in first-quarter profit, while noting that speculators are leaving the housing market.
Online Job Demand Rises or Holds Steady in 15 of T
New York, NY, February 23, 2006—According to to the latest findings of the Monster Local Employment Index, online job availability increased or held steady in more than half of the top 28 U.S. metropolitan areas in January.
Carpet One Hires Ad Agency for Hispanic Market
Los Angles, CA, February 23, 2006--Heil-Brice Retail Advertising's Hispanic division, VisionLatina said that it has been hired by Carpet One to create the company's first Hispanic marketing tool kit.
Report: Lowe's Secretly Eyeing Europe
London, England, February 23, 2006---According to a report in the Sunday Telegraph, Lowe’s, the world's second largest home improvement retailer, is secretly plotting an assault on the European DIY market in a move that could see it swallow Kingfisher
Sears Essentials to Become Sears Grand
Hoffman Estates, IL, February 23, 2006--Sears Essentials stores will become Sears Grand as part of a retooling of the retailer's midsize store format, Sears Holdings Corp., said Wednesday.
Sears Canada Spurns Parent's Bid
Toronto, Ontario, February 23, 2006--Sears Canada Inc., urged its shareholders to reject the C$835.4 million ($726.4 million) buyout offer from U.S. parent Sears Holdings Corp., as inadequate.
Hovnanian Expects to Meet 1Q Guidance
Red Bank, NJ, February 22, 2006--Homebuilder Hovnanian Enterprises Inc., said its first-quarter net profit would meet or slightly exceed its previous forecasts of $1.10 per share to $1.25 per share.