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.

Foamex Sets Annual Meeting Date & Location

Linwood, PA, Apr. 12--Foamex International Inc. announced that it will hold its Annual Meeting of stockholders on Tuesday, May 25, 2004.

Retail Sales Log Unexpectedly Big Rise

Washington, DC, Apr. 13--U.S. shoppers turned out in force in March, a Commerce Department report on Tuesday showed, pushing retail sales to their strongest gain in a year.

Ex-Foamex Auditor Found Reportable Conditions

Linwood, PA, Apr. 13--Former Foamex International Inc. auditor Deloitte & Touche LLP said it identified reportable conditions at the company during the year ended Dec. 31, 2003.

Fed's Parry Gives Opinion on Rates

New York, NY, Apr. 12--U.S. interest rates cannot remain at their 1958 lows forever and will have to rise at some point, perhaps to 3.5%, Federal Reserve Bank of San Francisco President Robert Parry said.

Lumber Prices Ramp Up

Chicago, IL, Apr. 9--The recent spike in lumber prices is part of a broader pattern of increases for a building material essential to residential construction.

Lowe's to Open Three Flatbead Distribution Cen

Mooresville, NC, Apr. 10--Lowe’s said Thursday it expects to open three flatbed distribution centers in the year ending Jan. 28, 2005.

DuPont to Cut Workforce

Wilmington, DE, Apr. 12--DuPont today announced that it will reduce its global employee workforce, excluding Invista, by 6%, or 3,500 positions.

Jobless Claims Lowest in Three Years

Washington, DC, Apr. 8--The number of Americans filing new claims for unemployment benefits dropped last week to the lowest level in more than three years.

Asbestos Bill Revived by GOP Leaders

Washington, DC, Apr. 9--Top Senate Republicans are taking another stab at ending asbestos-related lawsuits by creating a nationwide trust fund to compensate victims.

Members Named to Mohawk Advisory Boards

Dalton, GA, Apr. 9--Mohawk has announced its 2004 Advisory Board members for its Mohawk Floorscapes and Mohawk ColorCenter retail programs.