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.

F. Schumacher & Company Restructures

New York, NY, October 21, 2005—Dale Williams has resigned as president of Waverly Lifestyle Group and has been succeeded by Dan Bonini.

Conference Board: Katrina and Rita Hurt Economy

New York, NY, October 21, 2005--Soaring energy prices and the enormity of Hurricanes Katrina and Rita will have a significant impact on the U.S. economy.

NRF Urges President to Reject $200B Import Tax Pro

Washington, DC, October 21, 2005—The National Retail Federation today asked President Bush to reject a tax reform panel’s recommendation that would end the corporate tax deduction for imported goods, saying the move could cost consumers more than $200 bil

NAHB: Housing Poised To Recede From Peak Levels

Washington, DC, October 21, 2005--Frustrated that steadily increasing the federal funds rate in quarter-percentage-point increments hasn’t driven up the low long-term mortgage rates that have helped fire up the housing market in recent years.

Analysts See Forbo 3Q Sales Increasing

London, England, October 21, 2005--Forbo is expected to post a 3.2% rise in 3Q sales to around CHF425M from last year's CHF411.8M, according to the average of forecasts from three analysts polled by DJN.

Freddie Mac: Long-Term Rates Highest in 15 Months

Washington, DC, October 21, 2005--Freddie Mac said that long-term rates are at the highest level in 15 months, and the one-year, Treasury-indexed adjustable rate is at its highest level since July 2002 in the week ending Thursday.

Home Depot Upgraded by Bear Stearns

Atlanta, GA, October 21, 2005--Home Depot shares reached their highest point in more than a month Thursday after an analyst said the company's well positioned to handle the triple threat of a bursting housing bubble, higher energy prices and slowing c

USGBC Spearheads Hurricane Initiative at Greenbuil

Washington, DC, October 21, 2005--The U.S. Green Building Council (USGBC), together with the Enterprise Foundation, Habitat for Humanity, the Trust for Public Land and others have.

AIA’s Architecture Billings Index to be Available

Washington, DC, October 20, 2005 — The American Institute of Architects (AIA) officially introduced the Architecture Billings Index.

More on the Merger Talks of Feltex and Godfrey Hir

Wellington, New Zealand, October 20, 2005--The canned merger between carpet-makers Feltex and Godfrey Hirst won't be revived, but sharing a wool-scouring facility or trading plants are options the rivals will explore within the next few weeks.