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.

Lowe's Names Hollifield Chief Accounting Offic

Mooresville, NC, November 17, 2005--Lowe's has named Matthew V. Hollifield senior vice president and chief accounting officer, replacing Ken Black, who announced his plans to leave the company to pursue other career opportunities.

Industrial Production Up 0.9% in October

Washington, DC, November 17, 2005--Industrial production rose in October as output from factories, mines and utilities rose 0.9 percent, the fastest increase since May 2004, according to the Federal Reserve.

London Court of Appeal: Unilin vs. Berry

Waregem, Belgium, November 17, 2005--On November 3, 2005, the London Court of Appeal rendered a procedural judgement in the case that Unilin had initiated back in 2003 against Berry on the basis of Unilin’s second European patent (EP 1024234).

Edge Flooring Acquisition Completed

Dalton, GA, November 17, 2005--Edge Flooring LLC has announced the completion of a transaction with an affiliate of Hunt Special Situations Group, a middle market private equity group.

D.R. Horton 4Q Earnings Up 61%

Fort Worth, TX, November 16, 2005--The nation’s largest home builder, D.R. Horton, in the fourth quarter reported earnings that rose 61 percent to $563.8 million, or $1.77 per share, compared with $349.6 million, or $1.11 per share last year.

Spokane Retailer Opens Capel Rug Gallery

Spokane, WA, November 16, 2005--A furniture retailer that's served local customers for nine decades has opened a rug store in Spokane Valley, according to the Spokesman-Review.

Online Newspapers See Double-Digit Growth

New York, NY, November 16, 2005–-Newspaper websites grew 11 percent year-over-year to 39.3 million unique visitors in October 2005, comprising 26 percent of the active U.S. Internet population, or one out of every four Internet users, according to Nielsen