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.

HD Shareholders Seek Restraining Order On Nardelli

Atlanta, GA, January 11, 2007--Home Depot investors have asked a Georgia state court to issue an injunction blocking the retailer from paying former chief executive Robert Nardelli a $210-million severance package.

Pergo Launches Heavy Traffic Laminate in India

Mumbai, India, January 11, 2007--With the boom in the retail segment, floor makers are increasingly developing non-slip and silent flooring keeping in mind the aesthetic appeal and high traffic requirements of stores.

Välinges Granted First Machine License

Viken, Sweden, January 11, 2007--Välinge has granted its first machine license for an edge-covering device to the German machine producer Schiele Maschinenbau Gmbh.

Home Depot Appears in Beijing

Beijing, China, January 10, 2007--Home Depot has opened its first store in Beijing after acquiring the operating right of Home World's 12 multiple shops in six Chinese cities.

Payrolls Grow by 167,000 in December

Washington, DC, January 5, 2007--Employers added 167,000 workers to payrolls in December and incomes grew by the most in eight months, according to a report from the Labor Department. The jobless rate held at 4.5 percent.

Early Bird Deadline for Surfaces: Monday January 8

Dallas, TX, January 5, 2007--The early bird deadline to register for free exhibit admission at Surfaces 2007 is Monday January 8. This will also be the last day for discounted pricing on the conference program.

Home Depot Upgraded by Raymond James

New York, NY, January 3, 2007--Home Depot was upgraded by Raymond James to strong buy from outperform on the belief that 2007 will be a "better year" than 2006 for the home improvement retailer, as the worst appears to have passed for the housing market.

Solutia Posts $7M Loss in November

St. Louis, MO, December 29, 2006--In a monthly report filed with the Securities and Exchange Commission, Solutia on Thursday reported a $7 million net loss for November, down from a net loss of $9 million in October.

Chicago Purchasing Managers' Index Up

Chicago, IL, December--A gauge of business activity rebounded from the first contraction in more than three years as orders and production increased, according to a Chicago-based purchasing managers' group.