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.

Minuteman Earnings Rise 13 Percent

Addison, IL, Mar. 2--Minuteman International, Inc. the floor-care equipment and chemical manufacturer, today reported that the improvement in the general economy during the final quarter of 2003 was reflected in the Company's operating results for tha

2003 Home Prices Rise 7.97 Percent

Washington, D.C., Mar. 2--U.S. average home prices rose 7.97 percent in 2003 from 2002, driven by strong housing demand and historically low mortgage rates.

Manufacturing Growth Slows

Tempe, AR, Mar. 1— Economic activity in the manufacturing sector grew in February for the ninth consecutive month, while the overall economy grew for the 28th consecutive month.

Construction Spending Slides

Washington, DC, Mar. 1--Spending on new construction slid unexpectedly in January, a Commerce Department report showed on Monday, reflecting continued weakness in commercial building.

Spending, Income Rise

Washington, D.C., Mar. 1--Consumers' spending and income rose in January but the pace slowed. A decrease in taxes helped boost disposable personal income and the personal savings rate.

Furniture War Snarls Retailers, Consumers

New York, NY, Mar. 1--Crate & Barrel, J.C. Penney Co. Inc., Rooms to Go and more than 60 other retailers say the proposed furniture duty could double prices and turn off customers.

Mattsson Resigns From Tarkett

Farnham, Quebec, Feb. 27--Tarkett announced today that Ulf Mattsson has resigned as President and CEO of Tarkett Inc. to pursue other interests.

Home Depot Increases Share Repurchase Program

Atlanta, GA, Feb. 27-- Home Depot's board of directors declared a quarterly cash dividend of seven cents per share and an increase in its authorized share repurchase program of $1 billion.

Consumer Sentiment Index Falls

New York, Feb 27--U.S. consumer sentiment fell sharply in February, as Americans turned cautious about the U.S. economy that has been hampered by sluggish jobs growth, according to a survey released on Friday.