Corporate Profits Up
Washington, DC, Nov. 25--The U.S. Commerce Department reported Tuesday that corporate profits rose 30%, the largest year-over-year change in 19 years, in the third quarter.
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.
Average Home Sale Price Rises
New York, NY, Nov. 26--The Federal Housing Finance Board on Tuesday said the average single-family home purchase price rose to $243,756 in October from $235,717 a year earlier.
Mohawk Completes Lees Expense Analysis
Calhoun, GA, Nov. 24--Mohawk Industries Inc. said it completed its analysis and calculation of incremental depreciation and amortization expense for fiscal 2004 in connection with its acquisition of Lees Carpet.
Tricycle Develops Sampling Program For Durkan
Chattanooga, TN, Nov. 25--Tricycle, Inc., a leader in surface simulation and design technology, has announced the launch of Durkan Commercial’s “Digital Carpet Studio," developed through Tricycle’s proprietary SIM+Factory service.
Consumers File Suit vs. Home Depot, Lowe's
New York, NY, Nov. 25--Home Depot Inc. and Lowe's Cos. are facing purported class-action lawsuits alleging their promotions offering payment and interest-free periods on purchases made with in-store credit cards actually force consumers to pay much mo
Dow Chemical Sues Four Companies For Price Fixing
Midland, MI, Nov. 25--Dow Chemical Co. has sued four chemical shipping companies, accusing them of stifling competition by fixing prices and rigging bids, according to a court filing.
Columbia Forest Products To Cut Staff At Plywood P
Hearst, ON, Nov. 25--Columbia Forest Products today announced the company will reduce operations at its Hearst plywood plant and lay off 39 employees.
Existing-Home Sales Soften
Washington, Nov.25--Sales of existing single-family homes eased from an all-time high last month but remain at the third highest pace on record, according to the National Association of Realtors.
Mohawk's New Product Tour Begins Soon
Dalton, GA, Nov. 25--For 2004, Mohawk has dozens of new products covering the spectrum of floor covering—carpet, hardwood, laminates, and ceramic tile.
Oakwood Homes To Be Bought By Clayton Homes
Chicago, IL, Nov. 25--Oakwood Homes Corp., a manufactured homes maker, said on Tuesday it has agreed to be acquired out of bankruptcy by Berkshire Hathaway Inc.'s Clayton Homes unit for about $373 million.