Home Depot Shareholders OK Severance Plan
Atlanta, GA, May 27--Shareholders of Home Depot approved a proposal Thursday that requires the company to get shareholder permission to give departing executives severance packages over a certain amount.
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.
Torlys Launches Laminate Line in Canada
Mississauga, Ontario, May 27—-Torlys has launched in Canada enhancements to its Steps Perspective4 line of floors and two new, innovative lines of Steps Laminate floors with a first-in-the-world Natural Authentic surface that creates an unparalleled appea
Q1 GDP Revised Up to 3.5%
Washington, DC, May 26--The economy grew at a 3.5% annual rate in the first quarter, up from the 3.1% rate estimated a month ago, according to the Commerce Department.
Asbestos Bill Expected to be Sent to Full Senate T
Washington, DC, May 26--Sponsors of the asbestos bill that would create a $140 billion compensation fund said on Thursday they aimed to clear the bill out of the Senate Judiciary Committee and send it to the full Senate within hours.
Home Depot Boosts Buyback to $10B
Atlanta, GA, May 26--Home Depot said it has expanded its share-repurchase program by $1 billion to a total of $10 billion.
Bill Clinton A Carpetmaker?
New Delhi, India, May 26--He is a former US president, statesman and a politician, but did you know that Bill Clinton knows a thing or two about carpet making?
Help-Wanted Ad Index Unchanged
New York, NY, May 26--The Conference Board’s Help-Wanted Advertising Index – a key barometer of America's job market – was unchanged in April.
Ohio Retailer Indicted on Theft Charges
Lancaster, OH, May 26--A former Millersport business owner faces 21 counts of theft, including three against senior citizens, according to the Lancaster Eagle Gazette.
NJ Governor Proposes Tax on Flooring Installations
Trenton, NJ. May 26--Acting New Jersey Gov. Richard J. Codey wants to cut hikes on existing sales and property taxes and impose new fees on services including flooring installation.
Federated & May Schedule Shareholder Votes
Cincinnati, OH, May 26--Federated and May Department Stores have set dates for shareholder meetings this summer at which they will seek endorsement of a planned $11 billion merger.