Hovnanian Rises Amid Talk of Buffett Bid
Red Bank, NJ, July 13, 2007--Shares of homebuilder Hovnanian Enterprises shot up Friday amid press reports that Warren Buffett's Berkshire Hathaway Inc. might be eyeing the company.
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.
Home Depot Secures $10B Credit Facility
Atlanta, GA, July 13, 2007--Home Depot said Lehman Brothers Commercial Paper Inc., Merrill Lynch Capital Corp. and other lenders have agreed to provide the company with a $10 billion credit facility.
Dixie Restates Financial Results
Chattanooga, TN, July 13, 2007--The Dixie Group reported that the company had received comments from the Securities and Exchange Commission regarding its Annual Report on Form 10-K.
Mannington Intros New Porcelain Line
Salem, NJ, July 16, 2007 --A whirlwind of colorful shades, Mannington’s newest tile introduction, Tempest, interprets the excitement and beauty of nature into elegant and durable porcelain tile.
Report: Laminate Market to Reach 1.68B SM by 2010
San Jose, CA, July 16, 2007 --Growing demand for laminate flooring from the housing sector, including new housing starts and replacement market, is increasing at a strong pace.
Consumer Sentiment Up in July
Washington, DC, July 13, 2007-- The Reuters/University of Michigan's index of consumer sentiment rebounded in July to 92.4 from 85.3 in June. The gain in was the largest since October
Engineered Wood, an Eco-Friendly Option
St. Louis, MO, July 13, 2007--During the past few years, many environmentally conscious consumers have been looking for ways to increase the environmental friendliness of the choices they make for their homes.
June Retail Sales Off 0.9%
Washington, DC, July 13, 2007—Retail sales declined 0.9% in June, according to the Commerce Department. The drop was the largest since August 2005.
Gulistan Intros Several Rug Groups
Pinehurst, NC, July 13, 2007--Gulistan Carpet, having launched its first area rug collection roughly three years ago, is finding its footing with styles that combine luxury, softness and contrasting textures in sophisticated, tonal floor coverings.
World Market Center Hosts Rep Appreciation Day
Las Vegas, NV, July 13, 2007--World Market Center is planning to roll out the red carpet exclusively for furniture industry sales representatives prior to the start of the Summer 2007 Las Vegas Market.