Import Prices Off 0.2%
Washington, DC, January 12, 2006--Prices of goods imported into the United States fell for the second consecutive month in December as petroleum prices dropped again, the Labor Department said Thursday.
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.
Study: Land Key Commodity for Homebuilders
New York, NY, January 12, 2006--McGraw-Hill Construction and Deloitte & Touche USA LLP's real estate industry group issued a new report today suggesting that a "moderate slowdown in certain regions of the U.S. housing market" appears more probable tha
SEC Opens Informal Probe of Home Depot
Washington, DC, January 12, 2006--The Securities and Exchange Commission has opened an informal investigation into charges that Home Depot Inc., inflated profits through supplier payments meant to cover the cost of damaged merchandise,
Lowe’s Survey: Home Builders Energized for 2006
Orlando, FL, January 12, 2006--A new survey of home builders, released by Lowe's at the 2006 International Builders' Show says that the home building market is expected to have lots of energy in 2006.
Jobless Claims Up 17,000
Washington, DC, January 12, 2006--First-time claims for unemployment benefits rose by 17,000 to a seasonally adjusted 309,000 in the week ending Jan. 7, the Labor Department said Thursday.
Q.E.P. Earnings Off in 3Q
Boca Raton, FL, January 12, 2006--Q.E.P. Co., in its third fiscal quarter reported net income of $283,000, or $0.08 per diluted share, compared with $1.2 million, or $0.33 per diluted share in the third quarter last fiscal year.
Hooker Furniture Earnings Off on Lower Sales
Martinsville, VA, January 12, 2006--Hooker Furniture said it quarterly profit fell 38.5 percent, hurt by a restructuring charge and lower sales.
Special Events at Domotex Add Value
Hannover, Germany, January 12, 2006--A highly attractive supporting program is in store for exhibitors and visitors at the upcoming Domotex Hannover 2006 (14 - 17 January)--the leading trade show for carpets and floor coverings worldwide.
More on Forbo’s Acquisition in China
Baar, Switzerland, January 11, 2006--Forbo has acquired 100 % of the Chinese adhesives business Victa Technology Holdings Limited.
Consumer Credit Off
Washington, DC, January 11, 2006--Consumer borrowing fell in November for a second straight month, the first time that has occurred in more than 13 years.