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.

Foreclosure Rates Decline

Washington, DC, June 29--The first-quarter 2005 National Delinquency Survey shows that the seasonally adjusted delinquency rate for mortgage loans on residential properties stood at 4.31 percent at the end of the first quarter, down 15 basis points from t

Lear to Close Some Plants

Southfield, MI, June 27—-Auto interior company Lear said Monday that will close some plants and combine others as it moves certain manufacturing operations to lower-cost countries to save money in the face of unfavorable conditions in the auto industry.

West Point Stevens Acquired for $703M

West Point, GA, June 27--West Point Stevens has been bought by American Real Estate Holding LP for $703 million, according to a filing with the Securities and Exchange Commission.

Adams Named Macy Home Chairman

Cincinnati, OH, June 27--Federated Department Stores named Timothy M. Adams chairman of Macy's Home Store, replacing Eric Salus, who resigned the position to pursue other interests.