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.

Business Inventories Up

Washington, DC, Apr. 13--Inventories at U.S. businesses posted their largest gain in more than three years in February.

Sherwin-Williams Expects Higher First Quarter Earn

Cleveland, OH, Apr. 13--Sherwin-Williams Co., on Monday said it expects a bigger than expected quarterly profit.

U.S. Green Building Council Names New Leader

Washington, DC, Apr. 12--Rick Fedrizz, the founding chairman of the U.S. Green Building Council, has been named acting president and chief executive officer of the Council.

Lowe's to Open New Regional Office

Mooresville, NC, Apr. 13--Lowe's Companies, Inc. plans to open a new regional office in Pensacola, FL.

Ex-Foamex Auditor Found Reportable Conditions

Linwood, PA, Apr. 13--Former Foamex International Inc. auditor Deloitte & Touche LLP said it identified reportable conditions at the company during the year ended Dec. 31, 2003.

Fed's Parry Gives Opinion on Rates

New York, NY, Apr. 12--U.S. interest rates cannot remain at their 1958 lows forever and will have to rise at some point, perhaps to 3.5%, Federal Reserve Bank of San Francisco President Robert Parry said.

Invista to Sell High-Yield Bonds

London, UK, Apr. 13--U.S. fiber manufacturer Invista will sell high-yield bonds worth $575 million next week to fund its acquisition by Koch Industries Inc.

Foamex Sets Annual Meeting Date & Location

Linwood, PA, Apr. 12--Foamex International Inc. announced that it will hold its Annual Meeting of stockholders on Tuesday, May 25, 2004.

Retail Sales Log Unexpectedly Big Rise

Washington, DC, Apr. 13--U.S. shoppers turned out in force in March, a Commerce Department report on Tuesday showed, pushing retail sales to their strongest gain in a year.

DuPont to Cut Workforce

Wilmington, DE, Apr. 12--DuPont today announced that it will reduce its global employee workforce, excluding Invista, by 6%, or 3,500 positions.