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.
Plano, TX, February 1--A decline in catalog orders made by telephone has led to the closure of a J.C. Penney call center in Bountiful, Utah. As a result, 375 employees are losing their jobs, the company announced Friday.
Houston, TX, January 31-- Researched by Industrialinfo.com (Industrial Information Resources Incorporated; Houston). Wood products producers in the U.S. and Canada are planning to invest over $1.1 billion in oriented strand board (OSB) manufacturing asset
London, England, January 31—-Smart floor tiles that sound an alarm when someone falls on them could save lives in fires, according to the Scotsman.com.
Mooresville, NC, January 31--The board of directors of Lowe's approved a share repurchase program of up to $1 billion, effective immediately.
Cincinnati, OH, January 31--Jay Stoehr calls it "the bomb shelter." But National Basketball Association players and insiders might know it better as the birthplace of their playing courts, according to the Cincinnati Enquirer.
Mooresvillle, NC, January 31--Lowe's announced that company president Robert A. Niblock has assumed the additional roles of chairman and chief executive officer.
Atlanta, GA, January 27—Home builder Beazer Homes USA reported fourth quarter earnings that rose 48 percent, as strong overall housing demand and higher prices offset declines in Arizona and Nevada.
Fairlawn, OH, January 27--OMNOVA Solutions reported a loss of $14.7 million, or $0.36 per diluted share, for the fourth quarter of 2004, compared to a loss of $61.3 million, or $1.53 per diluted share, during the fourth quarter of 2003.
Washington, DC, January 27—-Durable goods orders increased 0.6 percent in December, despite large declines in civilian aircraft and defense goods, the Commerce Department said Thursday.
Southfield, MI, January 28--Lear Corp., the maker of automotive carpet and interiors, said earnings in the latest quarter fell 7 percent from a year earlier, hurt mainly by higher raw-material prices.