Consumer Sentiment Improves from August
Ann Arbor, MI, Sept. 26, 2008--Consumer sentiment levels improved at the end of September compared with August.
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.
DayStrong Rubber Products Makes Acquisition
Mauldin, SC, Sept. 25, 2008--Newly formed DayStrong Rubber Products has purchased the vulcanized roll and ribbon roll covering businesses from Oerlikon Accotex Texparts.
Torlys Makes Flooring from Recycled Leather
Mississauga, Ontario, Canada, Sept. 25, 2008--Torlys has a new flooring made of 100 percent recycled post-industrial leather.
Lowe's To Build Smaller Stores
Mooresville, NC, Sept. 24, 2008--Lowe's Cos. Inc. said Wednesday it is scaling down the size of most new stores and considering even smaller locations in some rural areas to improve efficiency.
Beazer Settles With SEC on Accounting Probe
Atlanta, GA, Sept. 25, 2008--Beazer Homes USA Inc. has settled with the Securities and Exchange Commission in the ongoing investigation into the company's accounting procedures.
New Home Sales Tumble in August
Washington, DC, Sept. 25, 2008--New home sales dropped sharply in August, falling to the slowest pace in 17 years, the Commerce Department said Thursday .
Initial Jobless Claims Hit Post 9/11 High
Washington, DC, Sept. 25, 2008--Initial jobless claims increased 32,000 to 493,000 in the week ended Sept. 20, reaching its highest level since September 2001, according to the Labor Department.
Durable Goods Orders Drop Sharply in August
Washington, DC, Sept. 25, 2008--New orders for durable manufactured goods dropped by a sharper-than-expected 4.5 percent in August .
Bed Bath & Beyond Sales, Earnings Off
Union, NJ, Sept. 24, 2008--Bed Bath & Beyond Inc. reported net earnings of $.46 per share, or $119.3 million.
Health Insurance Trending Toward High Deductibles
Menlo Park, CA, Sept. 25, 2008--Employers' health-insurance premiums grew a relatively modest 5 percent in 2008.