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.
Washington, DC, Jan. 31—Consumers increased their spending in December by 0.9%, the largest increase in five months, giving the struggling economic recovery a helping hand. The increase came after a 0.4% advance in November and marked the biggest increase
Chihuahua, Mexico, Jan. 31—Interceramic posted another record year with sales topping $300 million, a 4.15% increase from $288 million a year ago. Increased operating expense incurred to support that sales growth took a bite out of the firm’s operating ma
Morris Township, NJ, Jan. 31--Honeywell had revenues in the fourth quarter of $5.9 billion, flat versus the same period in 2001. Ongoing earnings per share were $0.50, compared with of $0.55 in the fourth quarter of 2001
Dalton, GA, Feb. 3--Tandus Group, Inc. has named Ralph Grogan president of Monterey Carpets, according to Mac Bridger, CEO of Tandus. Grogan will be responsible for all business operations at Santa Ana, California based Monterey.
Washington, DC, Jan. 30--The U.S. economy slowed in the final quarter of 2002, growing at an annual rate of just 0.7%. The small rise in gross domestic product came after the economy grew at a 4% rate in the third quarter, according to the Commerce Depart
Midland, MI, Jan. 30--Dow Chemical had a net loss of $809 million, or $0.89 a share, compared with a net loss of $37 million, or $0.04 a share, a year ago. Excluding one time items, Dow reported a loss of $0.18 a share
Wilkesboro, NC, Jan. 31--Lowe's Cos. has promoted Robert Niblock, the firm’s chief financial officer, to president effective March 1.
Trelleborg, Sweden, Jan. 28—As previously reported, Pergo AB and HW Industries GmbH, the main stockholder of Witex AG, have been conducting ongoing discussions concerning a merger between Pergo and Witex. Negotiations have been concluded and the parties
New York, NY, Jan. 29--The Conference Board's Consumer Confidence Index dipped nearly two points in January. The Index now stands at 79.0, down from 80.7 in December. The Expectations Index declined to 81.4 from 88.1, while the Present Situation Index
Atlanta, GA, Jan 29--Home Depot is consolidating two regional divisions that serve stores on the East Coast. The firm will merge its New England division, which includes stores from New York to Maine, into its Eastern division, which includes stores from