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.

Q1 GDP Revised Up to 3.5%

Washington, DC, May 26--The economy grew at a 3.5% annual rate in the first quarter, up from the 3.1% rate estimated a month ago, according to the Commerce Department.

Home Depot Boosts Buyback to $10B

Atlanta, GA, May 26--Home Depot said it has expanded its share-repurchase program by $1 billion to a total of $10 billion.

Bill Clinton A Carpetmaker?

New Delhi, India, May 26--He is a former US president, statesman and a politician, but did you know that Bill Clinton knows a thing or two about carpet making?

Help-Wanted Ad Index Unchanged

New York, NY, May 26--The Conference Board’s Help-Wanted Advertising Index – a key barometer of America's job market – was unchanged in April.

Issaquah, WA, May 26--Costco Wholesale Corp. reported earnings for its third quarter that increased 6 percent, helped by improved sales and a moderate gain in business at locations open at least one year.

Ohio Retailer Indicted on Theft Charges

Lancaster, OH, May 26--A former Millersport business owner faces 21 counts of theft, including three against senior citizens, according to the Lancaster Eagle Gazette.

Federated & May Schedule Shareholder Votes

Cincinnati, OH, May 26--Federated and May Department Stores have set dates for shareholder meetings this summer at which they will seek endorsement of a planned $11 billion merger.

Texas Contractor Makes Entrepreneur Magazine's

Fort Worth, TX, May 26—-Commercial flooring and installation company Business Flooring Specialists of Ft. Worth has been named to the Entrepreneur magazine's "Hot 100" list of fastest growing new businesses in America.

NJ Governor Proposes Tax on Flooring Installations

Trenton, NJ. May 26--Acting New Jersey Gov. Richard J. Codey wants to cut hikes on existing sales and property taxes and impose new fees on services including flooring installation.

Remodeling Market Grew In 1Q

Washington, DC, May 25--Remodeling activity showed strong growth in the first quarter of 2005, according to the National Association of Home Builders’ (NAHB) Remodeling Market Index (RMI).