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.

Consumer Confidence Drops

New York, Feb. 24--U.S. consumers became much more cautious in February as worries about jobs mounted, the Conference Board said Tuesday.

Federated Earnings Up

Cincinnati, OH, Feb. 24--Federated Department Stores, Inc. today reported fourth quarter results for the year ended January 31, 2004 that reflected strong sales and earnings trends.

Pergo Contacted by Potential Bidder

Trelleborg, Sweden, Feb. 23--The Board of Directors of Pergo has been contacted by an investor who has expressed interest to investigate the conditions for an acquisition of Pergo.

Retiree Group Sues Formica

Cincinnati, OH, Feb. 22--Arguing that their former employer misled them, a group of Formica Corp. retirees filed suit Friday to prevent the laminate maker from reducing their monthly pension checks.

Martha Likely Won't Take the Stand

New York, NY, Feb. 23--Lawyers for Martha Stewart and her former Merrill Lynch & Co. broker are strongly leaning toward not putting their clients on the witness stand.

Bhadohi is India's Carpet Center

Lucknow, India, Feb. 20--When it comes to exclusive hand-knotted woollen carpets, 'Made in Bhadohi' is the final word in quality carpets the world over.

Martha Trial Update

New York, NY, Feb. 20--Just days after selling her ImClone Systems Inc. stock, Martha Stewart said she knew that ImClone Chief Executive Sam Waksal had been trying to dump his shares in the company, a close friend of Stewart testified.

Avery Sports Turf Sees Possible Growth in Marketsh

Minneapolis, MN, Feb. 20--Avery Sports Turf, Inc., an artificial turf manufacturer, today announced that Avery does not anticipate any adverse effects from the recent announced bankruptcy filing of SRI Sports.

DuPont May Use Invista Money to Fund Deals

Boca Raton, FL, Feb. 19--DuPont Co. may use some of the $4.4 billion of proceeds from the sale of its Invista fibers unit for small acquisitions, DuPont's chief executive said on Thursday.