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.
Chattanooga, TN, August 11-- Dixie Group Inc., in a Securities and Exchange Commission filing, said it received notice that the company’s joint venture partner, the Monterey Carpets unit of Tandus, will pull out of a joint venture, giving Dixie Group the
New York, August 12--Kmart Holding Corp. will join the Nasdaq-100 Index and be included in the index tracking stock, Nasdaq said on Wednesday.
Atlanta, GA, August 12-- A according to a filing with Securities and Exchange Commission Home Depot Inc. gave chairman and CEO Robert Nardelli 200,000 deferred shares and 100,000 stock options.
Washington, DC, August 12--Inventories rose 0.9 percent at U.S. businesses in June, the biggest increase in four years, the Commerce Department estimated Thursday.
Cincinnati, OH, August 11--Federated Department Stores reported lower second-quarter profits Wednesday as a one-time cost for debt repurchases ate into earnings.
St. Louis, August 11--May Department Stores posted higher second quarter profit, helped by cost savings and sales of items like handbags and jewelry.
Washington, August 10-- The productivity of U.S. workers grew at its slowest pace in 18 months in the second quarter, which spurred a jump in the growth of unit labor costs from earlier this year.
Washington, August, 10--The Federal Reserve is scheduled to meet and its expected to hike interest rates by one-quarter of one percent.
New York, August 10 --Lane’s Floorcoverings, a major New York City contract dealer, has acquired Kramer Carpet Corp., another Manhattan dealership.
Washington, DC, August 10-- The Fed raised short-term interest rates by a quarter percentage point, the second such increase this summer, asserting that the U.S. economic recovery remains intact despite recent "softness."