Wal-Mart 2Q Earnings Down on Charge
Bentonville, AR, August 15, 2006--Wal-Mart said its second-quarter earnings fell 26 percent due to a charge related to the pending sale of its German operation.
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.
Environmentalists: Europeans Selling Illegal Indon
Jakarta, Indonesia, August 15, 2006--A coalition of environmental groups on Tuesday accused leading European flooring manufacturers of using wood stolen from Indonesia's last remaining rainforests.
Las Vegas Market Builds on Its Success
Las Vegas, NV, August 14, 2006--When it comes to creating a more efficient and exciting home furnishings marketplace, Las Vegas Market continues to get it right as attendees commented on the success of the third installment of Las Vegas Market, held July
Angry Feltex Shareholders Look to Courts
Wellington, New Zealand, August 13, 2006--Feltex shareholders are investigating legal action to recover the $254 million they stand to lose in the disastrous Feltex float.
Solutia Releases Color Forecast
Kennesaw, Ga., August 10, 2006--Solutia Inc., introduced its Ultron branded carpet fiber color forecast titled, “What is Blue?”.
Federated 2Q Earnings Better Than Expected
Cincinnati, OH, August 9, 2006--Federated Department Stores reported better-than-expected second-quarter results on Wednesday.
Report: Retailers Vulnerable as Consumers Consolid
Columbus, OH, August 9, 2006--Consumers are consolidating their shopping and placing more relative importance on speed and convenience.
Regulators Put Sears Bid for Canadian Unit on Hold
Toronto, Ontario, August 8, 2006--Canada's main securities regulators put the brakes on Sears Holdings Corp., C$892-million ($775 million) buyout offer for its Canadian unit on Tuesday.
IWT Tesoro to Present At RedChip Small-Cap Confere
Orlando, FL, August 8, 2006--IWT Tesoro Corp., will present at the RedChip Small-Cap Investor Conference at the Ave. of Americas Hilton Hotel in New York, on August 15.
NAR: Home Sales Steady For Balance of Year
Washington, DC, August 8, 2006--The housing market is in a process of stabilizing with little change in overall sales volume expected over the balance of the year, according to the National Association of Realtors.