Today's Flooring News

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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.

Wholesale Inventories Off

Washington, DC, June 8, 2006--Wholesale inventories tightened in March and matched the lowest level on record, as sales jumped 1.3% while inventories climbed 0.9%.

Chorman Resigns as Foamex CEO

Linwood, PA, June 08, 2006--Thomas E. Chorman, President, CEO and a director of Foamex International, has resigned from the company by mutual agreement with the board, effective immediately. The board has named chairman, Raymond E. Mabus, Jr., interim pre

CEOs See Strength in Business Climate

Washington, DC, June 8, 2006--Business Roundtable’s second quarter 2006 CEO Economic Outlook Survey shows that America’s leading CEOs see continued strength in the economy throughout the next six months.

Nobility Homes 2Q Earnings Up

Ocala, FL, June 8, 2006--Manufactured home producer Nobility Homes reported net income in the second quarter that was up 13% to $1.9 million.

Initial Jobless Claims Off

Washington, DC, June 8, 2006--Initial claims for unemployment benefits fell last week to 302,000, well below what economists were expecting, the Labor Department reported Thursday.

Canada Housing Starts Off

Ottawa, Ontario, June 8, 2006--Canadian housing starts dipped 0.5 percent in May to a seasonally adjusted annualized rate of 216,800 units from a revised 217,900 units in April.

'Extreme Sheep' May Brighten the Future of

Adelaide, Australia, June 8,m 2006--The future of Australia's $3 billion-plus wool industry--and the carpet and rug makers who depend on it--may lie with the ugliest, least-wanted lambs.

Q.E.P. Modifies Loan Agreement

Boca Raton, FL, June 08, 2006--Q.E.P. Co., today announced that effective June 1, 2006, the company entered into a Seventh Amendment and Waiver Agreement to its Second Amended and Restated Loan Agreement dated as of November 14, 2002.

Spector Vows to Pursue Asbestos Bill

Washington, DC, June 7, 2006--A senior Senate Republican vowed on Wednesday to press ahead with his legislation for a privately funded $140 billion trust to pay asbestos injury claims.