Today's Flooring News

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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.

Ryland Trims 2006 Earnings Guidance

Calabasas, CA, May 24, 2006--Home builder Ryland Group Inc., on Wednesday cut its 2006 earnings forecast as its second-quarter home sales are running 35 percent lower than a year earlier.

New Home Sales Up in April

Washington, DC, May 24, 2006--Sales of new homes surprised economists and stayed strong in April, the Commerce Department reported Wednesday.

Beaulieu to Require CRI Seal on Cleaning Products

Dalton, GA, May 24, 2006--Effective January 1, 2007, Beaulieu of America will amend its product warranty statement to insure proper cleaning solutions and procedures are used in maintaining their products.

ASID Announces New Trustees

Washington, DC, May 24, 2006--The ASID Foundation, Inc., announced new members of its board of trustees for fiscal 2007.

Solutia to Sell Pharmaceutical Services

St. Louis, MO, May 24, 2006--Solutia Inc., today announced that its subsidiary, Solutia Europe SA/NV, has reached a definitive agreement to sell its Pharmaceutical Services business.

Mortgage Application Volume Declines

Washington, DC, May 24, 2006--The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending May 19, and it shows a 6 percent decline.

Federated to Sell 9 Store Locations

Cincinnati, OH, May 24, 2006--Federated Department Stores will sell nine department store locations in six states to General Growth Properties Inc., as it continues to rid itself of duplicate stores gained in last year's acquisition of the May Departm

Williams-Sonoma 1Q Earnings Off

San Francisco, CA, May 24, 2006--Upscale home-decor retailer Williams-Sonoma Inc. on Wednesday said quarterly profit fell, after charges related to closing its Hold Everything storage-goods stores and stock option expenses.