Hooker Furniture Earnings Off on Lower Sales
Martinsville, VA, January 12, 2006--Hooker Furniture said it quarterly profit fell 38.5 percent, hurt by a restructuring charge and lower sales.
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 Up 17,000
Washington, DC, January 12, 2006--First-time claims for unemployment benefits rose by 17,000 to a seasonally adjusted 309,000 in the week ending Jan. 7, the Labor Department said Thursday.
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,
Lowe’s Survey: Home Builders Energized for 2006
Orlando, FL, January 12, 2006--A new survey of home builders, released by Lowe's at the 2006 International Builders' Show says that the home building market is expected to have lots of energy in 2006.
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
UK’s Topps Tiles Sees Gains Ahead
Cheshire, England, January 11, 2006-- Flooring specialist Topps Tiles gave shareholders cause for optimism yesterday after forecasting that 2006 would be 'less challenging' than recent months.
Milliken Freezes Pensions
Spartanburg, SC, January 11, 2006--Faced with global competition and rising costs, Milliken & Co., has frozen its employee pension plan.
Radiant Floor Heating Claims Energy Savings
Atlanta, GA, January 11, 2006--With natural gas prices anticipated to rise by 35 percent this winter, many Americans are looking for ways to reduce their energy consumption by using alternative heat sources.
DuPont Cuts 4Q Guidance
Wilmington, DL, January 11, 2006--DuPont has cut its earnings guidance for the fourth quarter on hurricane-related operational disruptions as well as weak sales and higher costs in three of its businesses.