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.

Federated’s 1Q EPS Up 34%

Cincinnati, OH, May 11--Federated Department Stores in the first quarter reported net earnings that were up 27 percent to $123 million.

Trade Deficit Narrows in March

Washington, DC, May 11--The deficit narrowed by 9.2% in March to $55 billion. This is the lowest trade deficit since last September and the largest monthly decline since December 2001.

IEA: Global Oil Demand Set to Rise 2.2% in 2005

Paris, France, May 11--Global oil demand this year is set to be slightly higher than previously expected, as the market readjusts from last year's demand surge, the International Energy Agency (IEA) revealed.

Public Citizen: Asbestos Fund Would Benefit Compan

Washington, DC, May 11--A day before the Senate Judiciary Committee resumes its work on the bill to establish a $140 billion privately-funded asbestos trust, Public Citizen released estimates of how some large companies now facing asbestos lawsuits would

Optimistic AmericasMart Exhibitors Renew Leases

Atlanta, GA, May 10--Liberty Oriental Rugs, Atlas Rug Corporation, Banilivi & Nabavian, Inc., French Accents Rugs & Tapestries and Vantage Industries have extended their commitment to the Area Rug Center with long term lease agreements.