Pulte Homes Suffers Eighth Consecutive Loss
Bloomfield Hills, MI, Oct. 23, 2008--Pulte Homes Inc., the third largest U.S. homebuilder, reported its eighth consecutive quarterly loss.
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.
Initial Jobless Claims Rise More Than Expected
Washington, DC, Oct. 23, 2008--Initial jobless claims for unemployment benefits rose last week, a sign the deepening credit crisis is hurting employment.
Interface Reports 3Q Results
Atlanta, GA, Oct. 23, 2008--Interface said in a conference call with analysts that it believes it is taking market share
Profits, Sales Slump at Ethan Allen
Danbury, CT, Oct. 23, 2008--Ethan Allen Interiors Inc. reported earnings per share of $0.26 on net income of $7.4 million, including a restructuring benefit of $1.0 million.
California Builder Ryland Reports Quarterly Loss
Calabasas, CA, Oct. 23, 2008---Ryland Group Inc. reported a third-quarter loss of $65.7 million Wednesday as revenue dropped 26.7%.
Target Says Credit Woes Hitting Customers
New York, NY, Oct. 23, 2008--Shares of Target Corp. fell to a five-year low Wednesday as the retailer offered more evidence that its customers had trouble making their credit card payments in September.
Dow Profits Rise as Price Increases Offset Costs
Midland, MI, Oct. 23, 2008--Dow Chemical Co. reported a 6 percent increase in third-quarter profits as price increases passed on to customers offset a nearly 50 percent jump in its raw materials and energy costs.
FloorTek Scheduled To Return Next Fall
Dalton, GA, October 23, 2008 -- With a theme of “We Speak Floor,” the FloorTek 2009 bi-annual trade show, sponsored by the American Floorcovering Alliance will return to the Northwest Georgia Trade Center in Dalton Sept. 22-24.
AIA Billings Index Tumbled in September
New York, NY, Oct. 22, 2008--A measure of future U.S. nonresidential construction activity plunged last month as more architects reported cancellations of projects amid the ongoing credit crisis, according to the American Institute of Architects.
Flexco Setting Up Alabama Distribution Site
Muscle Shoals, AL, Oct. 22, 2008--Roppe Holding plans to turn a vacant manufacturing home business into a distribution site for Flexco Co.