Sears 1Q Earnings Up, Sales Down
Hoffman Estates, IL, June 1, 2007--Sears Holdings reported a 20 percent increase in earnings, helped by a legal settlement and other special gains.
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.
Hovnanian Reports Another Loss
Red Bank, NJ, June 1, 2007--After three consecutive quarters of losses, Hovnanian Enterprises says better management of its land inventory should allow the company to post a profit in the fourth quarter and for 2008.
Carpet One Partners with New Reality Show
Manchester, NH, May 30, 2007--Carpet One Floor & Home recently partnered with the new hit reality TV show, On the Lot.
Construction Spending Inches Up in April
Washington, DC, May 31, 2007--Construction spending inched up 0.1% in April, according to the Commerce Department.
Conference Board’s Help-Wanted Ad Index Unchanged
New York, NY, May 31, 2007--The Conference Board Help-Wanted Advertising Index, a measure of job offerings in major newspapers across America, was unchanged in April.
Stifel Nicolaus Upgrades Mohawk
New York, NY, May 31, 2007--Stifel Nicolaus has upgraded Mohawk Industries from Hold to Buy with a $180 price targe, according to Street Insider.
Monster Online Job Availability Index Up Slightly
New York, NY, May 31, 2007--The Monster Employment Index rose three points in May, suggesting U.S. online recruitment activity and related demand for workers has stabilized at the end of the busy spring hiring season.
Jobless Claims Off by 4,000
Washington, DC, May 31, 2007--Applications for initial jobless claims fell by 4,000 to a seasonally adjusted 310,000 in the week ending May 26, according to a Labor Department report.
1Q GDP Grows at a 0.6% Rate
Washington, DC, May 31, 2007--The economy in the first quarter grew at a 0.6 percent annual rate, according to the Commerce Department. It was the weakest showing in more than four years.
Living Green Pavilion to Debut at Las Vegas Market
Las Vegas, NV, May 31, 2007--It’s looking a lot greener at what is expected to be a red-hot Las Vegas Market this July.