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.

Home Depot Shares in Holding Pattern

Home Depot stock was a raging bull in the 1990s as the company grew into the planet's largest home improvement chain. A share bought for less than $2 in early 1990 was worth almost $70 by decade's end.

Feltex Cuts Profit Forecast, CEO to Leave

Wellington, New Zealand, June 20--Carpet maker Feltex Carpets Ltd. said Monday that its board is making senior management changes and will conduct a "wide ranging" review of all of the company's operations, following recent "unsatisfactory" financial

Steelcase Posts 1Q Profit

Grand Rapids, MI, June 20—Steelcase, Inc. posted a quarterly profit after a year-earlier loss, helped by recovering demand for office furniture in the United States.

Leading Indicators Decline

New York, NY, June 20--The Conference Board reports today that the Composite Index of Leading Economic Indicators declined 0.5% in May, following no change in April, and a 0.6% decline in March.

Current Account Gap Widens

Washington, DC, June 17--The current account deficit continued its steady march upward in the first quarter, the Commerce Department reported Friday.

EU Sends Statement of Objections in Synthetic Rubb

Brussels, Belgium, June 17--The European Commission confirmed it sent a 'statement of objections' detailing competition concerns to a series of synthetic rubber producers accused of operating a cartel, according to afx news.

Iranian Claims Pakistani Weavers Imitating Persian

London, England, June 17--An expert on carpet affairs said that Pakistan has taken full advantage of poor state support for the industry in Iran to imitate the designs of Persian carpets and export them to international markets.