Today's Flooring News

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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.

Q.E.P. 1Q Earnings Off

Boca Raton, FL, July 15--Q.E.P. in its first quarter ended May 31, 2005 reported net income of $770,000, or $0.21 per diluted share, compared with $1.2 million, or $0.32 per diluted share for the same period last year.

Industrial Production Up 0.9% in June

Washington, DC, July 15--Industrial production rose 0.9% in June, according to the Federal Reserve. It was the strongest monthly increase since February 2004.

Feltex Director Resigns Over Staff Severance Packa

Wellington, New Zealand, July 14--The $1.2 million severance of four senior Feltex managers has led to a falling out in the boardroom of the troubled carpet maker, according to the New Zealand Business Herald.

Retail Sales Up 1.7%

Washington, DC, July 14--Retail sales were up a seasonally adjusted 1.7 percent in June, on a rebound in automobile sales, according to the Commerce Department.

Shareholders Approve Federated, May Merger

Cincinnati, OH, July 14--With the deal one step closer to completion, Federated Department Stores Inc.'s top executive says he's eager to see rival May Department Stores Co. absorbed into his company.

Solutia to Continue Alabama Cleanup

St. Louis, MO, July 14--Solutia says that, at least for now, it will continue a costly environmental cleanup in Anniston, Alabama, according to the St. Louis Post-Dispatch.

Builders Urge Congress to Modernize Endangered Spe

Wahington, DC, July 14--The nation’s home builders called on Congress today to update and modernize the Endangered Species Act (ESA) in order to protect the environment and allow local communities to grow and thrive.

CPI Unchanged in June

Washington, DC, July 14--Consumer prices in June were unchanged as energy prices actually fell, according to a Labor Department report.

ASID Releases Results of Survey on Small, Medium I

Washington, DC, July 13--ASID has released a new research report, Inside Small and Medium Design Firms. The report provides a unique look into small- and medium-sized firms--their make-up, operations, projects undertaken and products specified.