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.
Cincinnati, OH, January 31--Jay Stoehr calls it "the bomb shelter." But National Basketball Association players and insiders might know it better as the birthplace of their playing courts, according to the Cincinnati Enquirer.
Atlanta, GA, January 27—Home builder Beazer Homes USA reported fourth quarter earnings that rose 48 percent, as strong overall housing demand and higher prices offset declines in Arizona and Nevada.
Fairlawn, OH, January 27--OMNOVA Solutions reported a loss of $14.7 million, or $0.36 per diluted share, for the fourth quarter of 2004, compared to a loss of $61.3 million, or $1.53 per diluted share, during the fourth quarter of 2003.
New York, January 28--The Conference Board’s Help-Wanted Advertising Index – a key barometer of America's job market – increased two points in December.
Hoffman Estates, IL, January 28—Sears reported an 86 percent drop in fourth-quarter net earnings Thursday after shedding its profitable credit-card unit a year earlier, its results now solely dependent on sagging retail sales.
Midland, MI, January 27--Dow Chemical posted a 10 percent increase in fourth-quarter net profit on Thursday, beating expectations, as it benefited from higher prices.
Washington, DC, January 27—-Durable goods orders increased 0.6 percent in December, despite large declines in civilian aircraft and defense goods, the Commerce Department said Thursday.
Southfield, MI, January 28--Lear Corp., the maker of automotive carpet and interiors, said earnings in the latest quarter fell 7 percent from a year earlier, hurt mainly by higher raw-material prices.
New York, NY, January 27--The nation's retailers added space in the fourth quarter, pushing down vacancy rates in malls and strip malls while driving rents almost 1% higher, according to a new survey.
Charlotte, NC, January 27--Stark Carpet Corp., will open its new 30,000-square-foot Charlotte facility in February.