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.

Initial Jobless Claims Off

Washington, DC, June 8, 2006--Initial claims for unemployment benefits fell last week to 302,000, well below what economists were expecting, the Labor Department reported Thursday.

Canada Housing Starts Off

Ottawa, Ontario, June 8, 2006--Canadian housing starts dipped 0.5 percent in May to a seasonally adjusted annualized rate of 216,800 units from a revised 217,900 units in April.

'Extreme Sheep' May Brighten the Future of

Adelaide, Australia, June 8,m 2006--The future of Australia's $3 billion-plus wool industry--and the carpet and rug makers who depend on it--may lie with the ugliest, least-wanted lambs.

Q.E.P. Modifies Loan Agreement

Boca Raton, FL, June 08, 2006--Q.E.P. Co., today announced that effective June 1, 2006, the company entered into a Seventh Amendment and Waiver Agreement to its Second Amended and Restated Loan Agreement dated as of November 14, 2002.

AFCA Honors James M. D. Maloney

Phoenix, Ariz., May, 2006--Arizona Floor Covering Association will be honoring James M. D. Maloney, president of United Freight Service, Inc., as the “AFCA Person of the Year 2006” at the awards dinner to be held on November 10, 2006.

A Marriage of Business and Marriage

Wall, NJ, June 7, 2006--When it rains and customers stay home rather than shop for new carpet, Kevin Ryan sometimes frets over the dip in business.

Ex-CBO Chief: Asbestos Bill a Big Risk

Washington, DC, June 7, 2006--The Senate proposal for a privately funded trust to pay asbestos injury claims is laden with uncertainty and taxpayers risk footing the bill, the former head of the Congressional Budget Office plans to tell a Senate committee

April Consumer Credit Up 5.9%

Washington, DC, June 7, 2006--Consumers took on an extra $10.6 billion in debt in April, the most in 10 months, the Federal Reserve reported Wednesday.

Hoover Drives All-Terrain Flooring Cleaner

Newton, IA, June 7, 2006--Hoover is looking for the checker flag with its new SteamVac All-Terrain Carpet and Hard-Floor cleaner, designed to clean the multitude of floor surfaces found in today's homes.