Tandus 3Q Earnings Up
Dalton, GA, December 12, 2006--Tandus Group, in the third quarter reported adjusted EBITDA that increased to $12.6 million from $6.8 million for the same period of last year.
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 Set to Unveil China Deal
London, England, December 11, 2006--The Financial Times has reported that Home Depot is preparing to spend $100 million on a majority stake in Chinese chain HomeWay in a deal that will be unveiled in China this week.
Anderson Hardwood Opens Bob Anderson Design Center
Clinton, SC, December 11, 2006--Four generations of the Anderson Family gathered Friday for a ribbon cutting ceremony unveiling the new Bob Anderson Design Center, named for the late owner of Anderson Hardwood.
Existing-Home Sales Expected to Drop 8.6% in 2006
Washington, DC, December 11, 2006--Existing-home sales, finishing the third-best year on record, are projected for 2006 at 6.47 million, a decline of 8.6 percent, according to the latest forecast by the National Association of Realtors.
TTI to Acquire Hoover Floor Care Business
Hong Kong, December 7, 2006--Techtronic Industries Co. said it has entered into a purchase agreement to acquire the Hoover floor care business from Whirlpool Corporation.
Retail Container Ports Enter Slow Season
Washington, DC, December 7, 2006--Traffic at the nation’s major retail container ports is slowing down for the winter after hitting its annual peak.
Home Depot Backdated Options
Atlanta, GA, December 6, 2006--Home Depot Inc. said late Wednesday that it "routinely" backdated stock options.
Foamex Names Markert Interim CFO
Linwood, PA, December 6, 2006--Foamex International has named Stephen E. Markert, Jr. interim chief financial officer, effective immediately.
Mortgage Rates Fall, Applications Rise
Washington, DC, December 6, 2006--The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending December 1.
ADP: Jobs Creation Up 158,000
Washington, DC, December 6, 2006--Private employers created 158,000 net new jobs in November, according to the ADP employment index released Wednesday.