4Q GDP Revised Down to 2.2%
Washington, DC, February 28, 2007--The economy's now grown at a rate of less than 3% for three quarters in a row, government data show, after a significant downward revision to fourth-quarter estimates.
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.
Hovnanian Forecasts 1Q Loss
Red Bank, NJ, February 28, 2007--Homebuilder Hovnanian Enterprises forecast a first-quarter loss on Tuesday in more bad news for the nation's housing sector.
Federated 4Q Earnings Rise, Plans Name Change
Cincinnati, OH, February 28, 2007--Federated Department Stores reported a 5 percent rise in fourth-quarter profit on Tuesday, buoyed by sales at its Macy's stores, but its outlook disappointed.
Pfleiderer Confirms Number of Acquired Pergo Share
Neumarkt, Germany, February 28, 2007--Pfleiderer Sweden AB, announced a recommended cash offer for Pergo AB shares for SEK 51 in cash per share.
Coverings 2007 Adds Two Appreciation Night Parties
Alexandria, VA, February 28, 2007--With Coverings 2007 a whole new spin is being added to Appreciation Night parties, taking full advantage of the mega entertainment and culture that Chicago has to offer.
Home Depot Sees Earnings Decline in 2007
Atlanta, GA, February 28, 2007--Home Depot said Wednesday it will pump $2.2 billion into improving its business this year amid internal projections that show overall sales will grow only slightly and earnings per share will fall.
Eliane Receives Environmental Awards
Carrollton, TX, February 26, 2007--Eliane Ceramic Tiles has received three prestigious awards for its environmental protection programs at its manufacturing plants in Brazil.
Flexco Names Kenco Distributor Of The Year
Tuscumbia, Alabama, February 27, 2007--Flexco, a manufacturer of rubber, vinyl and ESD control commercial flooring, recently named Nashville-based Kenco Distributing Inc. as the recipient of its 2006 Distributor of the Year Award.
Balterio Introduces Exotic Collection at Surfaces
Las Vegas, NV, February 27, 2007--Balterio released a variety of new products at Surfaces 2007. Among the highlights was the company's Exotic Collection.
Dixie’s 4Q Earnings Off
Chattanooga, TN, February 27, 2007--The Dixie Group in the fourth reported net income of $3.3 million, or $0.25 per diluted share, compared with $3.1 million or $0.24 per diluted share, for the fourth quarter of 2005.