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.

Bed Bath & Beyond 3Q Earnings Up

Union, NJ, December 22, 2005--Bed Bath & Beyond reported third quarter earnings that rose 10.4 percent to $134.6 million, or $0.45 per share, compared with $121.9 million, or $0.40, a year earlier.

Koch names new CEO for Georgia-Pacific

Wichita, KS, December 22, 2005--Koch Industries Inc. on Thursday said Joseph Moeller will be president and chief executive of Georgia-Pacific Corp. after Koch's acquisition of the timber products company closes.

AIA: 2006 Poised to be the Nonresidential Construc

Washington, D.C., December 21, 2005--The Architecture Billings Index (ABI), a leading economic indicator of nonresidential construction activity, showed growth for the eleventh consecutive month in November, according to the monthly report from The Americ

Seiders Sees 6.75% 30-yr Mortgage Rate

Washington, DC, December 21, 2005-- David Seiders the chief economist of the National Association of Home Builders, said he expects the interest rate on the benchmark fixed-rate 30-year mortgage to be at 6.75 percent in late 2006.

Online Help-Wanted Ad Declines

New York, NY, December 21, 2005--The number of new online job ads declined by 184,700 in November to 1,819,200, dipping below 2 million for the first time since July, according to the Conference Board Help-Wanted OnLine Data Series.

Kronotex USA Names New Sales Managers

Barnwell, SC, December 21, 2005--Kronotex USA has beefed up its sales and marketing staff to better serve its distributor and specialty retailer customers with a wide range of its domestically manufactured laminate flooring.

Q3 GDP Revised Down to 4.1%

Washington, DC, December 21, 2005--Third quarter U.S. growth increased at a 4.1% rate, slightly lower than previous estimates of a 4.3% growth rate, the Commerce Department said Wednesday.

Tricycle and Aquafil Announce Partnership

Chattanooga, TN, December 21, 2005--Tricycle, Inc., and Aquafil USA have announced a joint partnership to include Aquafil yarns in Tricycle's product development and prototyping system, Apso Jet Set.