Private Equity Groups Eyeing HD Supply
London, England, March 1, 2007--Three teams of private equity firms are considering bids for Home Depot's wholesale supply business, which could be worth around $11 billion.
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.
CarpetsPlus-ColorTile Partners With Arbor Day
Nebraska City, NE, February 28, 2007--The National Arbor Day Foundation has launched a new campaign in partnership with Alliance Flooring Inc., parent company of CarpetsPlus-Color Tile, to plant trees and preserve rain forest land.
Waukesha Sells Distribution Unit to Home Depot
Milwaukee, WI, February 28, 2007--Geo-Synthetics Inc., a Waukesha distributor and installer of erosion control products, has sold its chain of construction supply centers in North and South Carolina to a subsidiary of The Home Depot Inc.
Chicago PMI Falls in February
Chicago, IL, February 28, 2007 -- The Chicago Purchasing Managers Index fell to 47.9 in February from 48.8 in January, suggesting a contraction in regional growth.
New Home Sales Plunge 16.6%
Washington, DC, February 28, 2007--Sales of new homes plunged 16.6% in January to a seasonally adjusted annual rate of 937,000, the Commerce Department reported Wednesday.
Pfleiderer Announces Record 2007 Results
Neumarkt, Germany, February 28, 2007--Pfleiderer AG said it achieved the best results in its history, based on preliminary figures for the year 2006, and has slightly surpassed its guidance for the full year.
MBA: Mortgage Applications Up in Latest Survey
Washington, DC, February 28, 2007--The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending February 23, 2007.
4Q GDP Revised Down to 2.2%
Washington, DC, February 28, 2007--The economy's now grown at a rate of less than 3% for three quarters in a row, government data show, after a significant downward revision to fourth-quarter estimates.
Hovnanian Forecasts 1Q Loss
Red Bank, NJ, February 28, 2007--Homebuilder Hovnanian Enterprises forecast a first-quarter loss on Tuesday in more bad news for the nation's housing sector.
Federated 4Q Earnings Rise, Plans Name Change
Cincinnati, OH, February 28, 2007--Federated Department Stores reported a 5 percent rise in fourth-quarter profit on Tuesday, buoyed by sales at its Macy's stores, but its outlook disappointed.