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.
Las Vegas Market January ’06 Draws 50,000 Plus
Las Vegas, NV, February 23, 2006--Six months after the debut of the highly successful inaugural Las Vegas Market, which was the largest show launch in U.S. trade show history, all eyes in the international home furnishings industry were focused on the sec
Sherwin-Williams Shares Drop on Lead Paint Ruling
Providence, RI, February 23, 2006--Sherwin-Williams stock fell as much as 22% Wednesday on reports that a verdict from a Rhode Island jury could cost the nation's biggest paint maker millions.
Robbins Flooring Michigan Plant to Lays Off 14-16
Ishpeming, MI, February 23, 2006--The Robbins Flooring mill in Ishpeming has been severely downsized.
NAR Launches Leading Index for Commercial Real Est
Washington, DC, February 23, 2006--The National Association of Realtors launched a new leading indicator for the commercial real estate market today that shows an increase in commercial brokerage activity can be expected over the next six to nine months.
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.
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