Meritage Homes' Revenue Down from 2007
Scottsdale, AZ, April 4, 2008—Meritage Homes reported estimated net sales of $420 million on 1,630 homes ordered, and closing revenue of $370 million on 1,320 homes after a cancellation rate of 27 percent.
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.
Home Depot Settles Shareholder Suit
Atlanta, GA, April 4, 2008--Home Depot has agreed to pay $14.5 million in a settlement with shareholders who sued the company over former CEO Bob Nardelli's $210 million severance package, according to a filing with the Securities and Exchange Commission.
USGBC Says Studies Validate Green Performance
Washington, DC, April 3, 2008—Recent studies by the New Buildings Institute (NBI) and CoStar Group, have validated that third party certified buildings outperform their conventional counterparts.
Feltex Closing New Zealand Plant Today
Feilding, New Zealand, April 4, 2008--Workers in one of New Zealand's largest carpet factories are clocking out for the last time on Friday.
Empire Today Launches Customer Blog
Northlake, IL, April 4, 2008 -- Empire Today has launched its customer testimonial blog: Empire Flooring Stories.
Brintons Closing Australian Carpet Plant
London, England, April 4, 2008—Carpet manufacturer Brintons said it will close its Breakwater, Australia plant in June.
Shaw Debuts In-Store Kiosk for Credit Applications
Dalton, GA, April 3, 2008-- Shaw Industries and Versatile Systems Inc. have partnered with CitiFinancial to streamline the credit application process for flooring retailers and consumers with an in-store kiosk.
Unilin, Balterio, Reach License Agreement
Brussels, Belgium, April 3, 2008--Balterio and Unilin have signed a worldwide license agreement, giving Balterio the right to sell its products throughout the world and ending pending litigation in Europe.
Pfleiderer Reports Record Performance in 2007
Neumarkt, Germany, April 3, 2008--Pfleiderer reported a record year in 2007 "despite a challenging environment."
Initial Jobless Claims at 19 Month High
Washington, DC, April 3, 2008--Initial unemployment claims for the week ending March 29 rose by 38,000 to 407,000, the highest level since mid-September 2005, according to the Labor Department.