Goldman Sachs Upgrades Home Depot
New York, NY, July 9, 2007—Home Depot was upgraded to buy from neutral by Goldman Sachs. The firm cited changes in management and culture and an improved business mix and capital structure.
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.
H&R Johnson and Johnson Ceramics in Talks
London, England, July 9, 2007--Ceramic tile manufacturer H&R Johnson is in talks with the UK-based Johnson Ceramics International for a strategic global alliance.
Morphosis Wins Zumtobel Group Award
Los Angeles, July 6, 2007– On June 28th, the Zumtobel Group announced the winners of the first international Zumtobel Group Award for Sustainability and Humanity in the Built Environment.
Payrolls Up 132,000, Unemployment Rate Still 4.5%
Washington, DC, July 6, 2007—Payrolls in increased by 132,000 in May as the unemployment rate remained a six-year low of 4.5 percent, according to the Labor Department.
Allsun Signs settlement with Välinge Innovation
Viken, Sweden, July 06, 2007--The Chinese laminate producer and Välinge licensee Shanghai Allsun Wood Industry Co Ltd. has signed a full and final settlement agreement with Välinge for its non-reported sales of laminate flooring products.
USGBC Council Hits 10,000 Member Mark
Washington, DC, July 6, 2007--The U.S. Green Building Council (USGBC) welcomed its 10,000th member company. The achievement marks a turning point in the building design and construction market.
Wools of New Zealand Adds Partners
Atlanta, GA, July 6, 2007—The number of Wools of New Zealand Brand partners continues to grow as does the demand for environmentally friendly products.
Bassett Posts 2Q Loss
Bassett, VA, July 6, 2007--Bassett Furniture swung to a loss in the fiscal second quarter, hurt by higher production costs and slower sales caused by a worsening housing slump.
Armstrong Offers Linoleum with NATURCote
Lancaster, PA, July 6, 2007--Armstrong Commercial Floor Products now offers its Linoleum collection with NATURCote a new durable top layer that increases resistance to scratches and scuffs.
Sphinx Launches New Warhol Group
Dalton, GA, July 6, 2007--Sphinx by Oriental Weavers announced today plans to add a new series of designs to the innovative and fashion-forward Andy Warhol Home collection.