Steelcase Swings to Profit in 3Q
Grand Rapids, MI. December 17--Steelcase Inc. said Friday it swung to a profit in the third quarter on an almost 10 percent increase in revenue.
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.
Bush Focuses on Legal Reform
Washington, Dc, December 16--President George W. Bush pledged Wednesday to submit legal reform legislation to Congress that would cover asbestos and class-action lawsuits, as well as medical malpractice.
Tricycle Names Tech Team Leader
Chattanooga, TN, December 16--Matthew Butt has joined Tricycle Inc.’s headquarters office as technical team leader.
Bed Bath & Beyond Earnings Up 21% in 3Q
Union, NJ, December 16--Bed Bath & Beyond Inc. posted earnings in their third quarter that rose 21 percent on a sales increase.
Builder Confidence Remains Strong In December
Washington, DC, December 16-- The nation’s home builders are in good holiday spirits this December, maintaining the same high level of confidence as the last two months, according to the National Association of Home Builders/Wells Fargo Housing Market Ind
Homebuilder Lennar’s Earnings Up 34%
Miami, FL, December 16-- Lennar Corp., one of the nation's largest homebuilders, posted a 34 percent jump in profit for its fourth quarter as demand for new homes remained strong.
Tom Duffy Co. Named Kährs Distributor
Fairfield, CA, December 16--Tom Duffy Company, a division of B.R. Funsten & Co., will distribute Kährs Hardwood Flooring to Northern California and Northern Nevada.
U.S. Xpress Enterprises Completes Stock Offering
Chattanooga, TN, December 16--U.S. Xpress Enterprises, parent of Xpress Global Systems, a provider of transportation, warehousing, and distribution services to the floorcovering industry, completed the public offering of 4 million shares.
Home Depot Opens Second Manhattan Store
Atlanta, GA, December 16--Home Depot will open its second Manhattan store today. The 108,000 square feet location, at Third Avenue between 58th and 59th streets, is multi-level store and similar to the company's 23rd Street store.
Fed Hikes Rates
Washington, DC, December 14--The Federal Reserve raised its benchmark short-term interest rate Tuesday to 2.25% from 2%, for the fifth quarter-point increase in as many meetings since June.