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.

April Retail Sales Up 1.4%

Washington, DC, May 12--Retail sales rose 1.4% in April, according to the Commerce Department. The increase came after an upwardly revised 0.4% increase in March. March sales were originally reported as having increased 0.3%.

Revenue Rises 38% at IWT Tesoro

Westport, CT, May 12--IWT Tesoro Corp., a leading provider of ceramic, porcelain and natural stone wall and floor covering materials, announced 2004 year-end results.

Some Senators Pushing for Quick Pay to Asbestos Si

Washington, DC, May 12--The sickest asbestos victims would be paid the quickest under changes approved on Wednesday by the Senate Judiciary Committee to legislation to create a $140 billion compensation fund.

Trade Deficit Narrows in March

Washington, DC, May 11--The deficit narrowed by 9.2% in March to $55 billion. This is the lowest trade deficit since last September and the largest monthly decline since December 2001.

Toll Brothers Homebuilding Sales up 51%

Horsham, PA, May 11—-Toll Brothers said its second-quarter contracts and backlog for the period ended April 30 were the highest in its history on strong demand for luxury homes.

Federated’s 1Q EPS Up 34%

Cincinnati, OH, May 11--Federated Department Stores in the first quarter reported net earnings that were up 27 percent to $123 million.