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.

Investment Group Buys Hanley Wood

New York, NY, June 20--An investment group led by JPMorgan Partners, a private equity affiliate of J.P. Morgan Chase & Co., announced that it has entered into a definitive agreement to acquire Hanley Wood, the owner of the Las Vegas-based floor covering t

Orbit Offers Longer Cable for Floor Warming Applic

Perkasie, PA, June 21--Orbit Radiant Heating, a provider of high-quality electric radiant heating solutions for residential and commercial applications, has added a new, longer cable to its line of durable, high-quality Nexans radiant heating cable.

Chain Store Sales Up Last Week

New York, NY, June 21--Chain store retail sales rose 0.1 percent in the week ended June 18, compared with a 0.6 percent rise the previous week, the International Council of Shopping Centers and UBS said in a joint report.

Omnova Solutions 2Q Earnings Up

Fairlawn, OH, June 21--Omnova Solutions Inc. said its second quarter earnings shot up to $3.6 million, or 9 cents per share, from $300,000, or a penny per share, last year.

New Jersey Legislators Seek Sales Tax on Carpet In

Trenton, NJ, June 21—-Senate Democrats in New Jersey are pushing a $175 million expansion of New Jersey's 6 percent sales tax to include everything from carpet installations to gym memberships and Internet downloads, according to the Express-Times.

US Manufacturers Predict Gains from CAFTA

New York, NY, June 21--U.S. manufacturers expect higher exports from the passage of the Central American Free Trade Agreement, or CAFTA, while critics say the pact is nothing more than another way for multinational companies to ship U.S. jobs to other cou

Growth in Health Care Spending Stabilized in 2004

New York, NY, June 21--The growth rate in health care costs for privately insured Americans leveled off during 2004 but was still problematic because it outpaced the rate of inflation, according to a study released Tuesday.