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.

Consumer Sentiment Rises in Late October

Ann Arbor, MI, Oct. 30, 2009--Consumer sentiment improved in late October, according to the Reuters/University of Michigan index.

Oil Hovering Around $80 on GDP Report

New York, NY, Oct. 30, 2009--Oil prices hovered near $80 a barrel Friday in Asia after the U.S. economy snapped four straight quarters of contraction, suggesting demand for crude will improve.

Consumer Spending Drops in September

Washington, DC, Oct. 30, 2009--Consumer spending fell sharply in September after the government's auto subsidy program ended, while after-tax incomes fell for the fourth month in a row.

Manufacturing Indicator Surges in October

Washington, DC, Oct. 30, 2009--Manufacturing activity improved considerably in the Chicago region in October.

Mohawk Reports Third Quarter Earnings of $34M

Calhoun, GA, Oct. 29, 2009--Mohawk Industries reported third quarter net earnings of $34 million

Weyerhaeuser Breaks Even Despite Housing Business

Federal Way, WA, Oct. 30, 2009--Weyerhaeuser Co. said Friday it broke even in the third quarter after a tough string of losses.

GDP Up 3.5% in Third Quarter, Government Says

Washington, DC, Oct. 29, 2009--The economy expanded at a 3.5% annual pace in the third quarter, the first increase in real gross domestic product in a year and the strongest growth in two years, the government said.

Interface Third Quarter Earnings, Sales Fall

Atlanta, GA, Oct. 28, 2009--Interface, Inc. reported third quarter net income of $5.5 million, or $0.09 per share, compared with $8.4 million, or $0.13 per share, last year.

Mohawk Expanding Backing Production in Alabama

Roanoke, AL, Oct. 29, 2009--Mohawk Industries said it plans to expand production at its Roanoke carpet backing manufacturing facility, according to The Randolph Leader newspaper.

Shaw Reducing Operations at Spun Yarn Plant

Tifton, GA, Oct. 29, 2009--Shaw is scaling back its operations at a spun yarn plant in Tifton.