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.

Greenspan: Rates Must Rise At Some Point

Washington, Mar. 3--Interest rates are too low for long-term economic stability and will have to rise at some point, Federal Reserve chairman Alan Greenspan said.

Hospitals to Boost Spending

New York, Mar. 3--Hospitals plan to boost capital spending by 14% annually over the next five years, a new survey shows, a move that could squeeze many hospital systems' already thin profits.

Louisiana-Pacific Lowers 4th Quarter Earnings

Portland, OR, Mar. 2--Louisiana-Pacific Corp. said it lowered its fourth-quarter earnings because of a change to its legal reserves stemming from a recent adverse court ruling.

Unifi Cuts 2 Plants

Greensboro, NC, Mar. 3-- Unifi is closing two plants, cutting back at another and eliminating nearly 400 jobs, or about 10 percent of its work force, to cut costs in response to the slump in the textile business.

Research Firm: Brand Loyalty to Martha Stewart Imp

Dallas, TX, Mar. 3-- As Martha Stewart's well-publicized case goes to a jury, people may still be buying her paint, flooring and furniture, Martha Stewart Everyday towels and bedding and, Martha Stewart Living magazines.

Eureka Introduces “Easier To Use” Carpet Shampooer

Bloomington, IL, Mar. 3-- According to a recent survey, consumers aren't cleaning carpets as often as they'd like.

Colorado Hardware Merchant Says He Can Compete wit

Colorado Springs, CO, Mar. 3--Ace Hardware franchise owner Darek Barnes thinks he has found a niche where he can successfully compete with home improvement giant Home Depot Inc.

Minuteman Earnings Rise 13 Percent

Addison, IL, Mar. 2--Minuteman International, Inc. the floor-care equipment and chemical manufacturer, today reported that the improvement in the general economy during the final quarter of 2003 was reflected in the Company's operating results for tha

2003 Home Prices Rise 7.97 Percent

Washington, D.C., Mar. 2--U.S. average home prices rose 7.97 percent in 2003 from 2002, driven by strong housing demand and historically low mortgage rates.

FieldTurf Selected for Metrodome Following Bankrup

Minneapolis, MN, Mar. 2--The Metropolitan Sports Facilities Commission (MSFC) announced today that it will move forward with the purchase and installation of "FieldTurf."