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.

May Calls Off Buybacks

St. Louis, MO, July 15--May Department Stores is suspending indefinitely its $500 million share-buyback program, the company said Wednesday.

Wisconsin Retailer Gets Surprise Call

Fond du Lac, WI, July 14--When the Bush-Cheney campaign and the trailing media throng rolls into town today, they will eat and walk all over some of the best Fond du Lac has to offer, according to the Fond du Lac Reporter.

Survey: Companies Upbeat About 2nd Quarter Profits

Washington, DC, July 7--A higher percentage of U.S. companies saw profit margins widen last quarter, making businesses ``upbeat'' about the rest of the year, according to a survey by the National Association for Business Economics.

Sports Courts Acquired by Equity Firm

Austin, TX, June 17--The Riverside Co., a New York-based private equity firm, has acquired Sport Court Inc., a subsidiary of Leander-based American Sports Products Group Inc, according to the Austin Business Journal.

Industrial Production Jumps in May

Washington, DC, June 16--Industrial output surged in May, posting its biggest one-month rise in nearly six years, the Federal Reserve said today.

Second Costco Home Store Planned

Tempe, AZ, Mar, 26--Costco Wholesale, the membership-warehouse retailer, will build the second store of its fledgling Costco Home chain near its Tempe store.

J.C. Penney Posts a Loss of $1.07 Billion

Plano, TX, Feb. 26--J.C. Penney Co. Inc.on Thursday reported a net loss of $1.07 billion for the fourth quarter after devaluing its investment in its underperforming Eckerd drugstore chain, which is on the auction block.

Personal Spending and Income Both Up

Washington, DC, February 1, 2007--The Commerce Department reported that personal income rose 0.5 percent in the month, up from the 0.3 percent rise seen in November.