New York Fed’s Manufacturing Index Plummets
Washington, DC, May 16--Manufacturing activity in the New York area deteriorated sharply for the second straight month in May, the New York Federal Reserve Bank said.
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.
Lowe's 1Q EPS Up 32%, Miss Estimates
Mooresville, NC, May 16--Lowe's in the first quarter reported net earnings of $590 million, a 30.5 percent increase over the same period a year ago.
1Q Existing Home Sales in Record Territory
Washington, DC, May 13--Total existing home sales, which include single-family and condos, were at the third-highest pace on record in the first quarter.
Home Buyers Opting for Upscale Amenities
Washington, DC, May 12--Given the choice between more space or higher quality features, new home buyers are overwhelmingly opting for the latter, according to the latest survey data from the National Association of Home Builders (NAHB.
StarNet Announces 2005 Board of Directors
Ridgefield, CT. May 12--At its recent annual meeting in Palm Springs, CA, StarNet announced its 2005 Board of Directors.
Congoleum Reaches $103M Insurance Settlement
Mercerville, NJ, May 12--Congoleum Corp. announced today that it has reached a settlement agreement with one of its excess insurance carriers over coverage for asbestos-related claims.
CARE: Over 108 M Lbs. of Carpet Diverted From Land
Pine Mountain, GA, May 11--The Carpet America Recovery Effort (CARE) Third Annual Conference got underway yesterday as recyclers, prospective entrepreneurs, carpet industry, state and federal officials, and equipment manufacturers gathered at Southern Pin
Congoleum Narrows 1Q Loss
Mercerville, NJ, May 10--Congoleum Corp. in the first quarter reported a loss of $352,000, versus a net loss of $435,000 in the first quarter of 2004. The net loss per share was $.04 in the first quarter of 2005 compared with $.05 per share in the first q
Sturrus to Run Pergo from U.S.
Raleigh, NC, May 9--Tony Sturrus, who has been named to the post of CEO, at Pergo, will oversee the company's 700-employee operation from Raleigh, where the company's U.S. headquarters is based.
Kingfisher Denies Takeover Talks with Home Depot
London, England, May 9--U.K. retailer Kingfisher PLC dismissed a newspaper report that it has discussed a possible takeover by Home Depot Inc.