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.

Toll Brothers Homebuilding Sales up 51%

Horsham, PA, May 11—-Toll Brothers said its second-quarter contracts and backlog for the period ended April 30 were the highest in its history on strong demand for luxury homes.

Federated’s 1Q EPS Up 34%

Cincinnati, OH, May 11--Federated Department Stores in the first quarter reported net earnings that were up 27 percent to $123 million.

Public Citizen: Asbestos Fund Would Benefit Compan

Washington, DC, May 11--A day before the Senate Judiciary Committee resumes its work on the bill to establish a $140 billion privately-funded asbestos trust, Public Citizen released estimates of how some large companies now facing asbestos lawsuits would

Trade Deficit Narrows in March

Washington, DC, May 11--The deficit narrowed by 9.2% in March to $55 billion. This is the lowest trade deficit since last September and the largest monthly decline since December 2001.

IEA: Global Oil Demand Set to Rise 2.2% in 2005

Paris, France, May 11--Global oil demand this year is set to be slightly higher than previously expected, as the market readjusts from last year's demand surge, the International Energy Agency (IEA) revealed.