Goldman Sachs Downgrades Home Depot
New York, NY, Sept. 9--Goldman Sachs downgraded Home Depot to "In-Line" from "Outperform" and lowered its view on the hardlines retail sector to "Cautious" from "Neutral".
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.
Judge In Martha Stewart Case Rules--No Leak To Pre
New York, NY, Sept. 9--The U.S. attorney in New York doesn't have to investigate whether the government improperly leaked details of Martha Stewart's indictment before it was publicly announced in June, a federal judge ruled Monday.
Armstrong To Increase Solid Hardwood Prices
Lancaster, PA, Sept. 8--Armstrong has announced it will initiate an average 10% price increase on selected solid hardwood products within its Bruce, Hartco and Robbins brands effective with shipments on November 17.
Carpet Tiles Moving Into Residential Market
Washington, DC, Sept. 8--Two major producers of commercial carpet tile--the modular, industrial-strength floor covering of choice for corporate and commercial settings
Forbo Wins Design Award
Westfalen, Germany, Sept. 8--Artoleum, the eco-friendly resilient flooring from Forbo Flooring as received the prestigious ‘red dot’, one of the most coveted design awards in the world.
S&P May Raise Dixie Group's Ratings
New York, NY, Sept. 8--Standard & Poor's Ratings Services said today that it placed its 'B+' corporate credit and 'B-' subordinated debt ratings on The Dixie Group Inc. on CreditWatch with positive implications.
Mohawk Faces Tough Battle Over Officer's Death
Chatsworth, GA, Sept. 8--Mohawk Industries Inc. prides itself on community relations, but the carpet giant is facing bad publicity in a small town where a close-knit family and the police department blame the company for the death of a rookie officer.
Judge Denies Developers' Claim Against Armstro
Lancaster, PA, Sept. 8--The effort by Fairsted's jilted developers to collect $49 million from Armstrong World Industries has come up more than $48 million short, as reported in the Lancaster New Era.
Textile Rally Looking To Gain Support For Trade P
New York, NY, Sept. 4--As they did last month in Greensboro and other areas hit by the rapid drop in U.S. manufacturing, textile interests hope to expand on growing grass-roots support to pressure Washington for new and more protective trade policies, acc
NWFA's Hardwood Maintenance Tips
St. Louis, MO, Sept. 5--In your grandmother's day, caring for a wood floor was a real chore. Today, however, hardwood floors offer busy families a low-maintenance, yet durable and beautiful, flooring alternative.