Godfrey Hirst Bids for Feltex
Wellington, New Zealand, September 29, 2006--Australian carpet maker Godfrey Hirst has made an unconditional bid to buy debt-laden New Zealand rival Feltex Carpets Ltd.
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.
Goldman Cuts Outlook for Home Depot & Lowe's
New York, NY, September 28, 2006--Goldman Sachs lowered earnings estimates for home improvement retailers Home Depot (HD : The Home Depot, Inc. and Lowe's Companies (LOW : Lowe's Companies, Inc. due to expectations of a continued deceleration in h
Google and Yahoo! Sites Lead in Local Search Marke
Reston, VA, September 28, 2006 – comScore Networks released the results of an analysis revealing the size and growth of the U.S. local search market.
Weyerhaeuser Still Looking to Buy Homebuilders
Federal Way, WA, September 25, 2006--Weyerhaeuser says it's interested in buying private, regional homebuilders, despite a string of recent data showing the housing market has entered a sharp downturn.
Horner Flooring Strike Suspended
Dollar Bay, MI, September 25, 2006--The nine day old strike at Horner Flooring in Dollar Bay has apparently ended.
Lowe's to Announces Growth Strategies at 2006
Lansdowne, VA, September 25, 2006--Lowe's will discuss how the company's culture of customer service and its key initiatives position it for continued growth it meets with analysts and investors tomorrow in Lansdowne, Va. at its annual conference.
NAM Criticizes New EPA Standards
Washington, DC, September 22, 2006--The National Association of Manufacturers today criticized the Environmental Protection Agency’s new air quality regulations for imposing significant burdens and great costs on U.S. manufacturers.
KB Home Up 6% Despite Cancellations
Los Angeles, CA, September 22, 2006--Homebuilder KB Home reported Thursday that revenue increased 6 percent during its fiscal third quarter, but noted that net home orders fell 43 percent during the period, in part due to cancellations.
Owner of Superstores to Pay $343,000
Newark, NJ, September 22, 2006--The owner of Floor Superstores has agreed to pay $343,000 to settle a lawsuit.
Herman Miller 1Q Earnings Up
Zeeland, MI, September 21, 2006--Herman Miller Inc., reported a 20.3 percent rise in first quarter net income and forecast second quarter results that beat analyst’s estimates.