Home Depot Boosts Buyback by $1 Billion
Atlanta, GA, February 24, 2006--Home Depot said its board authorized the repurchase of an additional $1 billion worth of outstanding shares, bringing the total buyback authorization to $12 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.
Solutia Gets Pledge to Extend and Upsize DIP Finan
St. Louis, February 24, 2006--Solutia Inc., today announced it has received a fully underwritten commitment for $825 million of debtor-in-possession (DIP) financing, maturing March 31, 2007.
Durable Goods Orders Off 10.2% on Lower Aircraft O
Washington, DC, February 24, 2006--Durable goods orders dropped 10.2% in January as aircraft orders dried up after three months of strength, the Commerce Department reported Friday.
Online Job Demand Rises or Holds Steady in 15 of T
New York, NY, February 23, 2006—According to to the latest findings of the Monster Local Employment Index, online job availability increased or held steady in more than half of the top 28 U.S. metropolitan areas in January.
Carpet One Hires Ad Agency for Hispanic Market
Los Angles, CA, February 23, 2006--Heil-Brice Retail Advertising's Hispanic division, VisionLatina said that it has been hired by Carpet One to create the company's first Hispanic marketing tool kit.
Report: Lowe's Secretly Eyeing Europe
London, England, February 23, 2006---According to a report in the Sunday Telegraph, Lowe’s, the world's second largest home improvement retailer, is secretly plotting an assault on the European DIY market in a move that could see it swallow Kingfisher
Sears Essentials to Become Sears Grand
Hoffman Estates, IL, February 23, 2006--Sears Essentials stores will become Sears Grand as part of a retooling of the retailer's midsize store format, Sears Holdings Corp., said Wednesday.
Sears Canada Spurns Parent's Bid
Toronto, Ontario, February 23, 2006--Sears Canada Inc., urged its shareholders to reject the C$835.4 million ($726.4 million) buyout offer from U.S. parent Sears Holdings Corp., as inadequate.
Toll Brothers 1Q Earnings Up 49%
Horsham, PA, February 23, 2006--Luxury home builder Toll Brothers on Thursday reported a 49% improvement in first-quarter profit, while noting that speculators are leaving the housing market.
Illegal Logging Still Going Strong
Jakarta, Indonesia, February 23, 2006--When the world's biggest timber smuggling operation from Papua to China was exposed last year, it marked a turning point in the fight against illegal logging in the country.