Home Depot Increases Dividend by 25%
Atlanta, GA, May 26--Home Depot announced that its Board of Directors increased its quarterly cash dividend to eight and a half cents per share, an annual increase of 25 percent.
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.
Lyondell, Millennium Deal Gains Antitrust Approval
Washington, DC, May 27--Antitrust authorities said on Wednesday they had approved Lyondell Chemical Co.'s proposed acquisition of joint venture partner Millennium Chemicals Inc.
Researcher Reports Facts & Myths About Big Box Ret
Corvallis, OR, May 27--Since his ground-breaking 1988 study on how Wal-Mart stores impact local economies, Iowa State University economist Kenneth Stone has spoken on the topic in every U.S. state and every Canadian province.
Costco Quarterly Profit Up
Issaquah, WA, May 27--Costco Wholesale Corp. posted a higher quarterly profit, thanks to strong spring sales of items including lawn and garden equipment and food.
Lowe's CEO Discusses Expansion, Including Poss
Las Vegas, NV, May 27--Lowe's Home Improvement Warehouse will continue its phenomenal growth nationwide as the company continues to go after market share and as it changes to fit the demographics of the country, the company's chief executive said
Carnegie Mellon Spinoff Looks to Develop Conductiv
Pittsburgh, PA, May 26--From static-free flooring to more reliable cell phones, a Carnegie Mellon University spinoff sees green in the potential for conductive polymers--and so do some investors.
Armstrong Bankruptcy Update
Lancaster, PA, May 26--May 25--Once upon a time, Armstrong World Industries thought it would be out of bankruptcy last summer, according to the Lancaster New Era.
New Home Sales Fall 11.8%
Washington, DC, May 26--Sales of new U.S. homes sagged well below expectations in April to post their biggest monthly drop in more than ten years.
Dow Chemical's Rick Hamilton to Retire
Dalton, GA, May 26--Rick Hamilton, North American Senior Commercial Manager for Dow Emulsion Polymers' carpet business, will retire from The Dow Chemical Company on June 30 after more than 29 years of service.
NWFA, Retailers: Lots of Hardwood Flooring Options
Washington, DC, May 26--A few years ago, homeowners who wanted a hardwood floor had anywhere from 20 to 30 tree species from which to select.