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 Upgraded by Bear Stearns

Atlanta, GA, October 21, 2005--Home Depot shares reached their highest point in more than a month Thursday after an analyst said the company's well positioned to handle the triple threat of a bursting housing bubble, higher energy prices and slowing c

NAHB: Housing Poised To Recede From Peak Levels

Washington, DC, October 21, 2005--Frustrated that steadily increasing the federal funds rate in quarter-percentage-point increments hasn’t driven up the low long-term mortgage rates that have helped fire up the housing market in recent years.

Leggett & Platt 3Q Earnings Off

Carthage, MO, October 20, 2005--Leggett & Platt posted third-quarter net income of $54 million, or 28 cents a share, compared with $80.2 million, or $0.41 a share, a year earlier.

Unifi to Explore Potential Merger or Sale

Greensboro, NC, October 20, 2005--Unifi Inc. said it is exploring various options, including a potential merger or sale of the company and restructuring of its outstanding debt.

Home Builders Continue OSHA Alliance to Improve Wo

Washington, DC, October 20, 2005--An ongoing working alliance between the National Association of Home Builders (NAHB) and the Occupational Safety and Health Administration (OSHA) was cemented by way of a formal re-signing ceremony attended by leaders of

More on the Merger Talks of Feltex and Godfrey Hir

Wellington, New Zealand, October 20, 2005--The canned merger between carpet-makers Feltex and Godfrey Hirst won't be revived, but sharing a wool-scouring facility or trading plants are options the rivals will explore within the next few weeks.

Leading Indicators Off 0.7%

New York, NY, October 20, 2005--The Conference Board announced today that the U.S. leading index decreased 0.7 percent, the coincident index decreased 0.1 percent and the lagging index increased 0.2 percent in September.

Trucking Companies Covenant, US Xpress Slide on Do

New York, NY, October 20, 2005--Shares of truckers Covenant Transport and US Xpress headed downhill Wednesday after an analyst downgraded both stocks on the companies' limited ability to offset higher costs.