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.

Home Depot Adopts Policy On Holder Rights Plans

Atlanta, GA, January 24--Home Depot said that it may adopt a shareholder rights plan without prior shareholder approval if its board determines that waiting for consent isn't in the company's best interest.

Commerce's Frink Seeks to Cut Regulations to A

Washington, DC, January 25--Al Frink, President George W. Bush's ``manufacturing czar,'' will recommend the government scale back or eliminate environmental, workplace and other regulations to boost the competitiveness of factory owners.

Sherwin-Williams Sees 2005 Meeting Views

Cleveland, OH, January 25—-Paintmaker and retailer Sherwin-Williams Co. said Monday that it forecast full-year earnings in line with current Wall Street expectations.

Porcelanosa Forms New Subsidiary

Villarreal, Spain, January 24--Spanish ceramic floor and wall tile manufacturer Porcelanosa is setting up a new subsidiary which will specialize in the production of bottom-of-the-range red-paste tiles.

Canadian Retail Sales Flat in November

Ottawa, Quebec, January 24-—Retail sales in Canada remained essentially unchanged in November (-0.1%) at $29.5 billion, as declines in half of all retail sectors offset gains in the other half.

Lanxess Spin-off Date Set

Leverkusen, Germany, January 24--Lanxess, the chemical spin-off from Bayer, is to begin trading on the Frankfurt stock exchange on 31 Jan 2005. One Lanxess share will be allocated for every 10 shares in Bayer AG.

Project Studying College Use of Armstrong Plant Re

Lancaster, PA, January 24--A study to explore how Franklin & Marshall College might re-use most of the Armstrong World Industries floor plant has gotten the state's support, according to the Lancaster New Era.

Tax Relief Tops Small Business Concerns

New York, January 28--More than one-quarter (26%) of small business owners identified tax relief as the most pressing issue the new Congress and the President should address, according to the Small Business Monitor by OPEN from American Express.