Lennar Sees 4Q Loss
Miami, FL, January 2, 2007--Homebuilder Lennar Corp. said it anticipates posting a fourth-quarter loss on a tough market and land charges.
Today's Flooring News
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Report: Online Holiday Season Seen Increasing 26%
Reston, VA, December 29, 2006--Total retail online spending during the first 56 days of the holiday season reached $23.11 billion, marking a 26-percent increase versus the corresponding days in 2005, according estimates released by ComScore Networks.
Weekly Jobless Claims Up
Washington, DC, December 28, 2006--Applications for state unemployment benefits rose slightly in the latest week while continuing jobless claims climbed to their highest level in almost a year, the Labor Department said Thursday.
Collins & Aikman Automotive Files Revised Plan
Southfield, MI, December 27, 2006--Automobile interiors company Collins & Aikman Corp. filed a revised plan to exit bankruptcy court protection, reflecting its decision to shut down rather than stay in business.
Consumer Sentiment Dips in December
Ann Arbor, MI, December 22, 2006--Consumer sentiment slipped in December but was not far from the year's highs, according to the University of Michigan.
Coverage of Interface Initiated with Buy Rating
Vancouver, British Columbia, December 21, 2006--Canaccord Adams has initiated coverage on Interface Inc. with a buy rating and $22 price target.
Tile Manufacturers Address Need for Trained Instal
Anderson, SC, December 20, 2006--The Association of Ceramic Tile Manufacturers of Spain, The Association of Italian Ceramic Tile & Refractory Manufacturers, the National Tile Contractors Association, and the Tile Council of N.A. are addressing the need fo
NAR: Commercial Real Estate Continues to Grow
Washington, DC, December 20, 2006--The commercial real estate markets are continuing to grow with record investment, and individual sectors in many areas seeing tighter vacancy rates and higher rents.
National Trade Productions Names Christian CEO
Alexandria, VA, December 19, 2006--Trade show management company National Trade Productions (NTP), the firm that manages ceramic and stone show Coverings, has made several management changes.
Lowe's Upgraded by Bear Stearns
New York, December 15, 2006--Lowe's was upgraded to outperform from peer perform at Bear Stearns, which cited the belief that stable long-term interest rates will drive housing turnover, which should boost the home improvement retailer's sales.