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.

HGTV Leads Home and Garden Websites in April Visit

New York, NY, June 21--Spring brought double-digit increases in visits to four home and garden web sites in April, according to Nielsen/NetRatings. HGTV experienced the largest increase, with visits climbing 39% to 3.9 million from 2.8 million a year earl

Leading Indicators Decline

New York, NY, June 20--The Conference Board reports today that the Composite Index of Leading Economic Indicators declined 0.5% in May, following no change in April, and a 0.6% decline in March.

New Owners of Texas Contractor Finds New Success

Fort Worth, TX, June 20-- It was a price war: Whoever had the lowest price got the job, and by the end of 2002, Jeff Bennett knew he had to quit. Going to work wasn't fun anymore, according to the Fort Worth Star Telegram.

Minneapolis Fed President Sees No Reason to End Ti

Tokyo, Japan, June 20--Federal Reserve Bank of Minneapolis President Gary Stern sees no reason for the Federal Reserve to stop raising interest rates now as the economy expands at a desirable pace, a Japanese newspaper reported on Monday.

Feltex Cuts Profit Forecast, CEO to Leave

Wellington, New Zealand, June 20--Carpet maker Feltex Carpets Ltd. said Monday that its board is making senior management changes and will conduct a "wide ranging" review of all of the company's operations, following recent "unsatisfactory" financial

Steelcase Posts 1Q Profit

Grand Rapids, MI, June 20—Steelcase, Inc. posted a quarterly profit after a year-earlier loss, helped by recovering demand for office furniture in the United States.

Home Depot Shares in Holding Pattern

Home Depot stock was a raging bull in the 1990s as the company grew into the planet's largest home improvement chain. A share bought for less than $2 in early 1990 was worth almost $70 by decade's end.