Existing Home Sales Up in March
Washington, DC, April 25--Existing-home sales rose to near-record levels in March with a continuation of strong home price gains.
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.
New Ceramic Tile Company Debuts in American Market
Chicago, April 21--Graniti Fiandre, the multi-million dollar ceramic tile company based in Castellerano, Italy, announced the launch of StonePeak Ceramics, Inc., a new porcelain ceramic tile company exclusively dedicated to the American market.
Mohawk’s 1Q Earnings Up 6%
Calhoun, GA, April 21--Mohawk Industries in the first quarter reported net earnings that were up 6% to $70.2 million, or $1.03 per share an increase of 5% above last year.
Leading Economic Index Declines
New York, April 21--The Conference Board reported today that the Composite Index of Leading Economic Indicators declined 0.4 percent in March, following a 0.1 percent increase in February, and a 0.3 percent decline in January.
Tarkett Commercial Launches New Linoleum Colors
Houston, TX, April 21--Tarkett Commercial announced today the complete redesign of its Linoleum line. With input from designers throughout the U.S., the new line now includes four distinct collections.
Asbestos Bill to be Introduced This Week
Washington, DC, April 20--Sen. Arlen Specter said he would introduce legislation for a $140 billion U.S. asbestos compensation fund on Tuesday, despite objection to some aspects of the plan by fellow Republicans on the Senate Judiciary Committee.
Invista Launches Antron with StainResist
Atlanta, GA, April 20--Invista, the manufacturer of Antron carpet fiber, today announced the launch of its new patented technology, Antron with StainResist.
Sturrus Named New President at Pergo AB
Trelleborg, Sweden, April 19--The board of directors of Pergo AB has appointed Tony Sturrus as new CEO and president of the company.
Housing Starts Drop 17.6% in March
Washington, DC, April 19--Housing starts were off by 17.6 percent in March, according to a report from the Commerce Department.
Pergo AB Posts Q1 Operating Profit of $3.2M
Trelleborg, Sweden, April 18--Pergo AB reported first quarter report operating profit of SEK23m ($3.2 million), as compared to a loss of SEK233m ($32.9 million) in the first quarter of 2004.