Home Depot to Accept $1.8B Less for HD Supply
Atlanta, GA, August 27, 2007--Home Depot has tentatively agreed to sell its wholesale distribution business to a group of private equity firms for $1.8 billion less than originally planned.
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.
New Home Sales Up 2.8% in July
Washington, DC, August 24, 2007—New home sales rose 2.8% in July to a seasonally adjusted annual rate of 870,000 as the inventory of homes for sale dropped for a fourth straight month, according to a Commerce Department report.
Durables Orders Up 5.9% in July
Washington, DC, August 24, 2007--Durable goods rose 5.9% in July, after a revised 1.9% gain in June, according to the Commerce Department.
Financiers Balking at HD Supply Deal
New York, NY, August 24, 2007--Home Depot is close to accepting about $1.2 billion less for the sale of its wholesale distribution business to three private equity firms.
Gerflor Says its Vinyl Equivalent to “Natural”
Atlanta, GA, August 24, 2007—Gerflor said its vinyl flooring is a favorable option to so-called natural floor coverings in terms of its environmental impact during manufacturing.
Amtico Introduces Spacia Value Flooring
Atlanta, GA, August 24, 2007--Amtico International has introduced Spacia, a lower priced resilient flooring.
Milliken Initiative Focuses on Energy Conservation
LaGrange, GA, August 24, 2007--Milliken & Company launched an energy conservation initiative today.
Mannington Celebrates Safety Milestone
Salem, NJ, August 22, 2007 – Mannington Mills’ Salem, New Jersey, manufacturing facility recently celebrated one year without a time-losing injury.
Architecture Billings Index Up in June
Washington, DC, August 22, 2007--The Architecture Billings Index (ABI) in July reached the second highest mark since the survey’s inception in 1995.
Jobless Claims Fall Last Week
Washington, DC, August 23, 2007--New claims for jobless aid fell 2,000 to 322,000 for the week ended August 18 from an upwardly revised 324,000 the prior week, according to a report from the Labor Department.