Today's Flooring News

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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.

Greenspan Says U.S. Deflation Threat Past

Washington, DC, Apr. 21--Federal Reserve Chairman Alan Greenspan said on Tuesday that U.S. companies were regaining the power to raise prices and that a long period of worry about the potential for price deflation was over.

Crossville Signs D & B Tile as Distributor In Sout

Crossville, TN, Apr. 21--Crossville's wide variety of porcelain stone tile plus glass and metal decorative accents is now available to designers, contractors and retailers in South Florida through D & B Tile Distributors.

Centex Earnings Up

Dallas, TX, Apr. 21--U.S. home builder and mortgage company Centex Corp. on Tuesday said its net income for the quarter rose 53 percent.

Honeywell's Earnings Up

Morris Township, NJ, Apr. 21--Honeywell International Inc. posted a 16.1% increase in first-quarter net income, as strong performance by all four of its operating divisions offset higher expense for its pension and other post-employment benefits.

Mohawk’s Earnings Up

Calhoun, GA, Apr. 21--Mohawk Industries, Inc. today announced record first quarter net earnings of $66,307,000 (59% above last year) and diluted earnings per share (EPS) of $0.98 (58% above last year) for the first quarter of 2004.

Penney will Open Off-Mall Prototype Stores

Plano, TX, Apr. 20--J.C. Penney Co. Inc. top executives said on Monday the retailer is looking to stores it sets up away from malls to help its finances as it adds new outlets to its operations.