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.

Q.E.P. in Compliance with Nasdaq Rules

Q.E.P. in Compliance with Nasdaq Rules

Boca Raton, FL, August 27, 2007--Q.E.P. Co. said it has received a letter from Nasdaq stock market acknowledging that it is in compliance with the exchange's rules regarding the composition of its audit committee.

Home Depot to Accept $1.8B Less for HD Supply

Home Depot to Accept $1.8B Less for HD Supply

Atlanta, GA, August 27, 2007--Home Depot has tentatively agreed to sell its wholesale distribution business to a group of private equity firms for $1.8 billion less than originally planned.

New Home Sales Up 2.8% in July

New Home Sales Up 2.8% in July

Washington, DC, August 24, 2007—New home sales rose 2.8% in July to a seasonally adjusted annual rate of 870,000 as the inventory of homes for sale dropped for a fourth straight month, according to a Commerce Department report.

Durables Orders Up 5.9% in July

Durables Orders Up 5.9% in July

Washington, DC, August 24, 2007--Durable goods rose 5.9% in July, after a revised 1.9% gain in June, according to the Commerce Department.

Financiers Balking at HD Supply Deal

Financiers Balking at HD Supply Deal

New York, NY, August 24, 2007--Home Depot is close to accepting about $1.2 billion less for the sale of its wholesale distribution business to three private equity firms.