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.

Existing Home Sales Slide 0.2% in July

Existing Home Sales Slide 0.2% in July

Washington, DC, August 27, 2007 - Existing-home sales including single-family, townhomes, condominiums and co-ops, slipped 0.2% in July to a seasonally adjusted annual rate of 5.75 million units, according to the National Association of Realtors.

Christian Steps Down as Foamex President

Christian Steps Down as Foamex President

Linwood, PA, August 27, 2007--Foamex International said its president and board member Gregory J. Christian has resigned from the company, effective September 1, to pursue other opportunities.

Monster Names Top Industries for Entry-Level Jobs

Maynard, MA, August 27, 2007---After monitoring online job demand across several industries over the last year, the student division of Monster Worldwide Inc. has identified the top five industries for entry-level workers.

Q.E.P. in Compliance with Nasdaq Rules

Q.E.P. in Compliance with Nasdaq Rules

Boca Raton, FL, August 27, 2007--Q.E.P. Co. said it has received a letter from Nasdaq stock market acknowledging that it is in compliance with the exchange's rules regarding the composition of its audit committee.

Home Depot to Accept $1.8B Less for HD Supply

Home Depot to Accept $1.8B Less for HD Supply

Atlanta, GA, August 27, 2007--Home Depot has tentatively agreed to sell its wholesale distribution business to a group of private equity firms for $1.8 billion less than originally planned.

New Home Sales Up 2.8% in July

New Home Sales Up 2.8% in July

Washington, DC, August 24, 2007—New home sales rose 2.8% in July to a seasonally adjusted annual rate of 870,000 as the inventory of homes for sale dropped for a fourth straight month, according to a Commerce Department report.

Durables Orders Up 5.9% in July

Durables Orders Up 5.9% in July

Washington, DC, August 24, 2007--Durable goods rose 5.9% in July, after a revised 1.9% gain in June, according to the Commerce Department.

Financiers Balking at HD Supply Deal

Financiers Balking at HD Supply Deal

New York, NY, August 24, 2007--Home Depot is close to accepting about $1.2 billion less for the sale of its wholesale distribution business to three private equity firms.