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.

Mohawk to Require CRI Seal on Cleaning Products

Dalton, GA, December 21, 2006--Beginning in 2007, Mohawk Industries will require that carpet care products used to clean its carpets have the Carpet and Rug Institute’s Seal of Approval.

Architecture Billings Up in November

Washington, DC, December 21, 2006--After consecutive months of very modest growth, the Architecture Billings Index (ABI) saw a considerable jump in November to its second highest reading of the year.

PPI Up 2 Percent on Energy, Autos

Washington, DC, December 19, 2006--Producer prices rose much more than expected in November, as the core producer price index rose by the most since July 1980, the Labor Department said.

Home Depot Launches $3B Repurchase

Atlanta, GA, December 14, 2006--Home Depot said its board of directors has authorized the immediate repurchase of $3 billion of outstanding shares through an accelerated share repurchase agreement.

Solutia To Extend and Increase DIP Financing

St. Louis, MO, December 15, 2006--Solutia Inc. said it has received a fully underwritten commitment for $1.075 billion of debtor-in-possession (DIP) financing, maturing March 31, 2008.

Shaw to Update Hard Surface Lines in 2007

Dalton, GA, December 15, 2006--Shaw’s Hard Surface division will be enhancing its product line in 2007 with a host of new laminate, hardwood and ceramic styles.

November Retail Sales Up 1%

Washington, DC, December 13, 2006--Retail sales increased by 1% in November, the largest gain since July, according to a Commerce Department report.

C&A Meets Energy Policy Goals

Dalton, GA, December 11, 2006--C&A Floorcoverings, a Tandus company, said it’s meeting the goals of the Energy Policy Act of 2005 by replacing diesel used in its commercial boilers with 100% biodiesel, a renewable energy source manufactured by Soymet, LLC

Al Frink Resigns Commerce Department Post

Washington, DC, December 7, 2006--Commerce Secretary Carlos Gutierrez today said that Assistant Secretary for Manufacturing and Services Al Frink, the first to hold that position, will resign his office effective January 31, 2007.

3Q Productivity Revised Up

Washington, DC, December 5, 2006--Inflationary pressures stemming from higher wages are not building as fast as previously thought, Labor Department data released Tuesday show.