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.

Feltex COO Officer Will Also Leave

Wellington, New Zealand, June 24--Feltex Carpets Ltd.'s chief operating officer will depart the company following its second hefty profit downgrade since listing a year ago, the National Business Review reported Friday.

Durable Goods Orders Jump 5.5%

Washington, DC, June 24—-Orders for durable goods in May increased 5.5%, according to the Commerce Department. It was the biggest increase since March 2004.

New Home Sales Up 2.1% in May

Washington, DC, June 24--New home sales rose 2.1% in May to a 1.298 million seasonally adjusted annual rate, according to the Commerce Department.

Ekowood to Open Office in West Asia

Persekutuan, Malaysia, June 24—-Hardwood flooring manufacturer Ekowood International Bhd aims to capture West Asia’s robust development activities by opening a showroom-cum-regional office there in the last quarter of this year, according to New Straits T

Invista Studying China's Chemical Fiber Market

Beijing, China, June 24--Invista, the world's largest integrated fiber, resin and intermediates company, now is seeking to escalate its partnership with Chinese companies to promote business, according SinoCast.

Weekly Jobless Claims Fall 20,000

Washington, DC, June 23--First-time claims for state unemployment benefits fell 20,000 to a seasonally adjusted 314,000 the week ending June 18, the Labor Department said Thursday.

ServiceMagic to Acquire ImproveNet

Golden, CO, and Scottsdale, AZ, June 23--ServiceMagic, Inc. and ImproveNet, Inc. have entered into an agreement whereby ServiceMagic will acquire all of the outstanding stock of ImproveNet.