Today's Flooring News

Home Depot To Buy Back 289 Million Shares

Atlanta, GA, September 4, 2007—Home Depot today announced the preliminary results of its modified "Dutch Auction" tender offer, which expired at 5 p.m. on Friday, August 31, 2007.

Home Depot’s COO Resigns

Atlanta, GA, September 4, 2007--Home Depot said its chief operating officer, who oversaw the company's wholesale distribution business, has resigned following the sale of the unit to a group of private equity firms.

Parterre Names Cornely Sales VP

Brooklyn NY, September 4, 2007--Parterre Flooring Systems has named John Cornely as vice president of sales for the eastern U.S.

U.S. Workers: World's Most Productive

Geneva, Switzerland, September 4, 2007--American workers stay longer in the office, at the factory or on the farm than their counterparts in Europe and most other rich nations, and they produce more per person over the year.

Siebel Named Leasing Director at LV Design Center

Las Vegas, NV, August 30, 2007--Gerry Seibel is the new director of leasing at Las Vegas Design Center.

Aquafil Investing $40 Million in Slovenia Plant

Arco Di Trento, Italy, August 30, 2007--Aquafil S.p.a. is investing $40 million in its Lubiana, Slovenia plant to expand its yarn capacity by 10,000 tons per year.

Free-fall in Consumer Confidence Ends

Ann Arbor, MI, August 31, 2007--Consumer confidence dropped in the August consumer sentiment survey due to higher food and fuel prices as well as declining home prices and the turmoil in the financial markets.

Chicago Purchasing Managers' Index Rises

Chicago, IL, August 31, 2007--The National Association of Purchasing Management-Chicago said its business barometer rose to 53.8, from 53.4 in July. Readings greater than 50 signal growth.

Välinge Signs Three License Agreements

Viken, Sweden, August 31, 2007--Välinge has signed global license agreements with three new companies.

Ultron and Wear-Dated Brands Win ADDY Awards