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.

Martha Trial Update

New York, NY, Feb. 4--The government's star witness against Martha Stewart testified Tuesday that Stewart's stockbroker ordered him to pass a tip on ImClone Systems stock to her just before she dumped her shares in the company.

Federated Raises Outlook

Cincinnati, OH, Feb. 3--Federated Department Stores Inc., parent of Macy's and Bloomingdale's, on Tuesday reported a 5.5 percent jump in January sales at stores open at least a year, and raised its fourth-quarter earnings forecast.

Noble Investments Gives Q.E.P. Stock "Buy" Rating

Boca Raton, FL, Feb. 2--Noble International Investments, Inc. today announced the commencement of independent coverage of Q.E.P. Inc. with a "Buy" recommendation and a twelve-month price target of $17.50.

Textiles Firms Team Up To Protect U.S. Jobs

Spartanburg, SC, Feb. 3--Leaders of the domestic textile industry Thursday warned all candidates for federal office this year to either commit to protect U.S. manufacturing or face rejection at the polls by both employer and employee, according to the Gre

Lowe's Closes Deal to Sell Contractor Yards

Mooresville, NC, Feb. 2--Lowe's Companies, Inc. announced today it has finalized the transaction, previously announced on November 21, 2003, to sell 26 commodity-focused locations operating under The Contractor Yard banner.

Georgia-Pacific Posts Profit

Atlanta, GA, Feb. 3--Forest products company Georgia-Pacific Corp. reported a quarterly profit compared with a year-ago loss on strong results from its building materials unit.

Universal Forest Products' Earnings Up

Grand Rapids, MI, Feb. 2--Universal Forest Products, Inc. today announced results for the fourth quarter and year ended December 27, 2003 that exceeded its internal targets for sales and earnings growth.