Steelcase 4Q Earnings Up, Misses Estimates
Grand Rapids, MI, March 29, 2006--Steelcase reported earnings in the fourth quarter that rose to $11.2 million, or $0.08 per share, from $1 million, or $0.01 the year before.
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.
Federated Plans Stock Split
Cincinnati, OH, March 29, 2006--Federated Department Stores Inc., said it will do a 2-for-1 stock split, if shareholders approve a plan to double the number of authorized common shares to 1 billion.
Survey: CFOs Upbeat on Economy
New York, NY, March 29, 2006--According to a survey released Wednesday by accounting firm Grant Thornton, senior U.S. financial executives are overwhelmingly confident in the financial performance of their own companies, even if the economy does not perfo
Two Wisconsin Retailers Face Criminal Charges
Chippewa Falls, WI, March 29, 2006--Warrants were issued this morning for the arrest of two men who allegedly bilked area consumers out of thousands of dollars through a fraudulent flooring business in Chippewa Falls.
EIA’s New Guide to Sustainable Wood Flooring
Washington DC, March 29, 2006--The darker shades of exotic hardwoods, especially merbau, are the new fashion in flooring, but, says the Environmental Investigation Agency (EIA), but shoppers should beware of false claims that the flooring is from sustaina
William M. Bird Names Stroop Director Sales/West R
Charleston, SC, March 29, 2006--Tommy Stroop has been promoted to director of sales/west region with William M. Bird and Company, Inc.
NAM Wants to Help Shape Trade Bill
Washington, DC, March 29, 2006--The National Association of Manufacturers has commended Senators Charles Grassley (R-IA) and Max Baucus (D-MT), chairman and ranking member, respectively, of the Senate Finance Committee for the trade bill they introduced t
Mannington Intros New Hardwoods
Salem, NJ, March 29, 2006 This spring, Mannington is taking flooring fashion to new heights with an array of new hardwood introductions.
The Fed Hikes Rate to 4.75%
Washington, DC, March 29, 2006As expected, the Federal Open Market Committee raised the benchmark federal funds rate on Tuesday by a quarter of a percentage point, to 4.75 percent, and suggested that at least one more increase was in the cards.
Mannington Calls for 'Stand On a Better World&
Salem, NJ, March 29, 2006--Mannington Mills, a leading manufacturer of fine flooring, has announced the call for nominations for the 2006 "Stand On A Better World" Awards, which recognize women who have made significant contributions to their communities.