Durable Goods Orders Up 1.4%
Washington, DC, July 26, 2007—Orders for durable goods rose by 1.4% in June, according to a report from the Commerce Department.
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.
3M 2Q Earnings Up
St. Paul, MN, July 26, 2007--3M Co. posted a higher quarterly profit driven by strong results in the safety and security, and health care businesses.
828 International Intros Quartet of Styles
Greenville, SC, July 26, 2007—828 International’s Tibetan Collection of hand-knotted rugs has long been favored for its sumptuous hand, thick wool pile, silk-like accents.
Dow Chemical 2Q Earnings Up 2%
Midland, MI, July 26, 2007--Dow Chemical said its second-quarter profit rose 2% as strong international growth offset weakness in the North American housing and automotive sectors.
D.R. Horton Reports 3Q Loss
Fort Worth, TX, July 26, 2007--D.R. Horton posted a deep loss in the fiscal third-quarter as the homebuilder recorded enormous charges to write down the value of unsold inventory and deposits on land.
Tarkett Commercial Intros Time-Saving Adhesive
Houston, TX, July 26, 2007--Tarkett Commercial's new IQ Spray Smart adhesive is designed to reduce the time and effort in commercial flooring installations.
Ryland Posts 2Q Loss
Calabasas, CA, July 26, 2007--Ryland Group posted a loss in its second-quarter on Wednesday due in part to charges for lowering land value as the housing market deteriorates.
Pulte Posts 2Q Loss
Bloomfield, MI, July 26, 2007-- Pulte Homes posted a second-quarter loss as revenue dropped 40% amid the nation's deepening housing slump.
Existing Home Sales Off 3.8% in June
Washington, DC, July 25, 2007 - Sales of existing homes fell in June but prices rose modestly as inventories eased, according to the National Association of Realtors.
UK’s Victoria Carpets Upbeat
Kidderminster, England, July 25, 2007--As a survivor of the slump in Kidderminster’s traditional carpet industry, 110-year-old Victoria Carpets has had to learn to be faster, smarter and more flexible.