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.

Orders for Durable Goods Drop In November

Washington, Dec. 24-- Durable-goods orders unexpectedly fell for the first time in three months in November.

Bayer Expects To Show Slight Loss For 2003

Frankfurt, Germany, Dec. 22--Bayer AG said Monday that it will take charges in the fourth quarter exceeding €2.2 billion ($2.7 billion), mainly because of the recently announced partial splitoff of its chemicals and polymers businesses.

Home Depot Tries Mid Range Stores

Brea, CA, Dec. 23--The Home Depot store on Imperial Highway in this Orange County city looks like your typical warehouse-style home improvement center from the outside.

Last Shopping Weekend Before Christmas Disappoints

New York, NY, Dec. 22--The critical last weekend before Christmas didn't deliver the sale bonanza merchants were hoping for.

Lowe's Names SVP Of Distribution

Mooresville, NC, Dec. 23--Lowe's Companies, Inc. announced the appointment of Michael Mabry as senior vice president of Distribution.

Invista Eyes Relocation

Wilmington, DE, Dec. 22--DuPont's Invista fibers unit said it might relocate its headquarters once its sale to Koch Industries Inc. closes in the first half of 2004,

Personal Spending Up

Washington, DC, Dec.23--Personal spending rose in November, the government said Tuesday, falling short of Wall Street forecasts, as the holiday shopping season got off to a slower start than expected.

Solutia Bankruptcy Background

St. Louis, MO, Dec. 21--Solutia Inc. will need to attack more than its environmental and retiree health care liabilities to fix its financial problems, according to the St. Louis Post-Dispatch.

Federated Taps Chief of Burdines Division

Cincinnati, OH, Dec. 20--An executive who joined the Miami-based Burdines division of Federated Department Stores Inc. last year has been appointed its president and chief operating officer.

Hanley Wood Acquires DreamHomeSource.com

Washington, DC, Dec. 22--Hanley Wood has purchased Portland, OR based Dream Home Source, Inc.