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.

Home Depot 4Q EPS Up 27.7%

Atlanta, GA, February 21, 2006--Home Depot reported diluted earnings per share in the fourth quarter that rose 27.7 percent to a record $0.60 on net earnings of $1.3 billion, compared with $0.47 on net earnings of $1.0 billion reported for the same period

Pergo Swings to Profit for 2005

Stockholm, Sweden, February 20, 2006--Pergo this morning reported its financials for the year 2005 and the fourth quarter. The company reported earnings after tax for the year of SEK 166 million (US$21.2M) verses a loss of SEK 196 million (-US$25 M).

Producer Prices Up 0.3%, Core Prices Up 0.4%

Washington, DC, February 17, 2006--The producer price index increased 0.3% in January, while core prices, which exclude food and energy, rose 0.4%, the biggest gain in a year, the Labor Department said Friday.

Consumer Sentiment Off in February

Ann Arbor, MI, February 17, 2006--Consumer sentiment eased in early February as gasoline prices rose, according to media reports Friday of proprietary research from the University of Michigan.

Housing Starts Up 14.5%

Washington, DC, February 16, 2006--New construction of U.S. homes soared 14.5% in January to a seasonally adjusted annual rate of 2.276 million, aided by the warmest weather of any January on record.

Beaulieu Canada to Produce Laminate & Wood

Waregem, Belgium, February 16, 2006--Beaulieu Canada has decided to start production and sales of laminate and wood flooring, utilizing the Välinge Innovation technology for gluefree installation systems.

Reid: Would Consider Curbs to Asbestos Suits to Ki

Washington, DC, February 14, 2006--The leader of U.S. Senate Democrats said on Monday he would consider backing curbs on some asbestos lawsuits if the chamber would scuttle legislation removing all claims from court and paying victims from a $140 billion

Solutia Files Reorganization Plan

St. Louis, MO, February 14, 2006--Solutia Inc., today filed its plan of reorganization, revealing the winners and losers in a more than two-year bankruptcy case that sets the fate of hundreds of local workers and retirees.