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.

George W. Buckley Elected 3M Chairman, President &

St. Paul MN, December 7, 2005--3M announced today that George W. Buckley has been elected chairman, president and chief executive officer, effective immediately. He succeeds interim chairman and CEO Robert S. Morrison, who has led the company since July.

Mandalay Bay to Host More than 500 Exhibitors for

Las Vegas, NV, December 6, 2005--This January attendees of Las Vegas Market will see much more than the 400 permanent and temporary exhibitors at World Market Center’s main building and on-site Pavilions.

Job Cuts Up 22% in November

Washington, DC, December 7, 2005--Led by sharp cuts in the automotive industry, planned job reductions by major U.S. corporations increased 22% in November to 99,279.

Search Keyword Prices Remain Steady

San Francisco, December 8, 2005--Amid all the talk about rising keyword prices, the Fathom Online Keyword Price Index indicates that November averages were virtually flat.

Factory Orders Up 2.2%

Washington, DC, December 6, 2005--Orders for factory goods increased 2.2% in October, more than reversing a decline in September, the Commerce Department estimated Tuesday.

Sears 3Q Earnings Off on Costs

Hoffman Estates, Il, December 6, 2005--Sears Holdings said fiscal third-quarter profit slid as the costs of Kmart's combination with the Sears, Roebuck and Co., offset a sharp increase in sales.

Retail Rents to go Up, Vacancies Down in 2006

New York, NY, December 6, 2005--Retail vacancies will inch down to an average of 8.8 percent in 2006, and rent growth will gain momentum to 3.5 percent (from 2.5 percent this year), according to Marcus & Millichap's retail group.