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.

Tarkett Reports First Quarter Financials

Frankenthal, Germany, Jun. 1--Tarkett saw turnover down by 1.1% at 341.5m euros for the first quarter of 2004, in a year-on-year comparison.

Job Cuts Flat in May

Washington, DC, Jun. 1--Job reductions by U.S. corporations were nearly unchanged in May at 73,368, up 1.6 percent from April's 72,184, according to a monthly tally released Tuesday by outplacement firm Challenger Gray & Christmas.

Moody's Raises Mohawk’s Outlook to Positive

New York, NY, May 31--Moody's Investors Service affirmed the Baa2 senior unsecured and other ratings of Mohawk Industries, Inc., but changed the outlook from stable to positive.

Lowe's Names Executive VP

Mooresville, NC, Jun. 1--Lowe's Companies, Inc. announced at its annual meeting of shareholders that the company has promoted Robert F. Hull Jr. to executive vice president and chief financial officer.

Armstrong Names VP of Product Styling & Design

Lancaster, PA, May 28--Armstrong Floor Products today named Jim Mathis, vice president, Product Styling & Design.

Manufacturing Sector Grows

Tempe, AZ, Jun. 1--Economic activity in the manufacturing sector grew in May for the 12th consecutive month, while the overall economy grew for the 31st consecutive month, say the nation's supply executives in the latest Manufacturing ISM Report On Bu

Lowe's Feels Younger Stores, New Programs Give

Charlotte, NC, May 31--Lowe's Cos. younger portfolio of retail stores and new programs will help distinguish it from larger rival Home Depot Inc. as that home-improvement retailer adopts some of the same strategies Lowe's has used for years, top e

Construction Spending Up

Washington, DC, Jun. 1--Spending on construction increased 1.3% in April, estimated at a seasonally adjusted annual rate of $970.4 billion, the Commerce Department said Tuesday.

Union Leaders Upset over Invista’s UK Job Cuts

Cheltenham, UK, May 28--Union leaders have reacted with fury to the news that nylon fibre producer Invista is cutting a quarter of its 900-strong workforce, according to the Gloucestershire Echo.

Home Depot Directors Re-Elected

Dallas, TX, May 27-- Home Depot Inc. on Thursday said preliminary voting results indicate that all 10 of its directors were reelected to its board.