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.

Home Depot Receives Hazardous Waste Subpoena

Atlanta, GA, August 1--Home Depot said it received a federal grand jury subpoena seeking documents and information related to its handling, storage and disposal of hazardous waste.

Feltex Revises Earnings Again

Wellington, New Zealand, August 1--The reputation of the Feltex board led by chairman Tim Saunders is not improving with age. This week, the beleaguered carpet manufacturer revised its June-year earnings for the third time in four months.

Construction Spending Off 0.3%

Washington, DC, August 1--Spending fell 0.3% in June to an annual rate of $1.1 trillion, according to the Commerce Department.

LBO France Buys French Tile Company Terreal

Paris, France, August 1--LBO France, a Paris-based private equity firm, agreed to buy French tile-maker Groupe Terreal for about 860 million euros ($1 billion), adding to investments that include building materials supplier Materis.

Frist Intends to Have Asbestos Bill Passed this Fa

Washington, DC, August 1--Senate Majority Leader Bill Frist said on Friday he intends to get legislation creating a $140 billion asbestos victims' compensation fund approved by the chamber this autumn.

House Passes Association Health Plan Legislation

Washington, DC, August 1--The U.S. House of Representatives on July 27 passed the Small Business Health Fairness Act (H.R. 525), a bill that permits the formation of association health plans (AHPs).

Manufacturing Activity Up in July

Tempe, AZ, August 1--Economic activity in the manufacturing sector grew in July for the 26th consecutive month, while the overall economy grew for the 45th consecutive month, say the nation's supply executives in the latest Manufacturing ISM Report On

Tennant’s 2Q EPS Up 80%

Minneapolis, MN, August 1, 2005—-Maintenance products company Tennant today reported net earnings of $6.7 million, or $0.74 per diluted share, on net sales of $137.1 million for its second quarter ended June 30, 2005.

Godfrey Hirst Awaits Merger Talks as Feltex Trims

Victoria, Australia, July 29--Carpet-maker Godfrey Hirst, which took a 5.8 per cent stake in Feltex last month and requested merger talks, says such talks are yet to get off the ground.

Consumer Sentiment Inches Up in July

Ann Arbor, MI, July 29--Consumer sentiment rose in late July, according to the University of Michigan.