Furniture Brands' Earnings Off 65%
St. Louis, MO, August 2, 2007--Furniture Brands International reported second quarter earnings that fell 65% on net sales that were down nearly 11%.
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.
Former Feltex Directors Facing Action
Auckland, New Zealand, August 2, 2007--Feltex Carpets' liquidator has put eight former directors of the failed carpet maker on notice that they face legal action totalling more than $20 million.
Pfleiderer Posts 1H Results, Discusses Pergo
Neumarkt, Germany, August 2, 2007--Pfleiderer AG said revenues for the first half of 2007 increased 31% to EUR886.2 million.
Report: Flooring Scandal Hits Home Depot
Atlanta, GA, August 1, 2007-- Four merchandising managers at The Home Depot Inc. have been fired for allegedly accepting kickbacks totaling as much as $1 million to supply stores.
Coverings Confirmed for Chicago, ‘09
Alexandria, VA, August 1, 2007--Coverings is preparing for the 2008 edition of its tile and stone show, which returns to Orlando and the Orange County Convention Center, April 29 to May 2.
Pending Home Sales Highest in 3-Plus Years
Washington, DC, August 1, 2007—The Pending Home Sales Index in June, was 5% higher from the downwardly revised May, according to the National Association of Realtors.
Manufacturing Expansion Slows in July
Tempe, AZ, August 1, 2007--Economic activity in the manufacturing sector expanded in July for the sixth consecutive month.
NTCA Hosts Total Solutions: October 11-13
Jackson, MS, August 1, 2007--The National Tile Contractors Association (NTCA) is holding Total Solutions Business and Technical Conference at the Tradewinds Island Resort at St. Pete Beach, Florida, on October 11-13, 2007.
New Songdo Named USGA "Green Urbanism" Pilot
New York, NY, August 1, 2007--The New Songdo City International Business District in South Korea being developed by New York's Gale International has been accepted as a pilot project by the U.S. Green Building Council.
Mortgage Apps Off Last Week
Washington, DC, August 1, 2007--The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending July 27.