Home Depot Feels Feds Options Probe
Atlanta, GA, September 7, 2006--Home Depot said Wednesday that federal prosecutors have asked for information from the nation's largest home improvement store chain in connection with a stock option probe.
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.
Furniture Brands Cuts Outlook
St. Louis, MO, September 7, 2006--Furniture Brands International Inc., trimmed its third-quarter earnings forecast, in a further sign that higher interest rates and cooling home sales are leading some consumers to pull back from big-ticket purchases.
Bank Sets Deadline on Feltex Rescue
Melbourne, Australia, September 7, 2006--The ANZ bank may call in administrators today to oversee transactions concerning New Zealand carpetmaker Feltex. The move comes despite a last-minute proposal being worked on overnight.
Perceptions Change About Innovation
Midland, MI, September 7, 2006--Perceptions regarding who is primarily responsible for innovation have expanded from the confines of the laboratory to include all employees of a company, according to a study released by Dow Corning Corporation.
Federated Starts Ad Blitz for New Stores
Cincinnati, OH, September 7, 2006--Federated Department Stores on Sept. 7, will kick off its largest-ever advertising campaign, using television, print, radio and the Internet to announce the conversion of 400 May Co. stores into Macy's locations.
Productivity Revised Up in 2Q
Washington, DC, September 6, 2006--The efficiency of workers rose faster in the spring than earlier estimated, but still slower than in the first quarter, according to a Labor Department report released Wednesday.
Office Furniture Orders Up in July
Grand Rapids, MI, September 6, 2006--Office furniture order growth accelerated in July, the latest in several months of erratic growth that analysts said indicate a moderating market.
Building Big Bob's Flooring Outlet
Kansas City, MO, September 5, 2006--Would you believe that a man named David would call his store ‘Big Bob’s’?
UK’s Floors 2 Go 1H Earnings Off
London, England, September 5, 2006--Flooring retailer Floors 2 Go said it was on course to meet expectations for the full year despite a slump in profits.
Pressure On Feltex from all Sides
Wellington, New Zealand, September 5, 2006--The squeeze is on carpet maker Feltex from both its banker, ANZ, and angry shareholders.