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.

Wellman Sells Stake in Company

Shrewsbury, New Jersey, June 27--Wellman Inc., which makes polyester fibers and plastic resins, said it sold a stake in the company to a private investor after the plan won shareholder approval and it secured a credit line.

DuPont Hires Ad Firm Ogilvy & Mather

New York, NY, June 26--DuPont Co. wants to show the softer side of its old industrial self, hiring a famed ad agency to remind the public it is more than just a chemical company

Quick-Step To Change Name

Thomasville, NC, June 27--The maker of Quick-Step flooring products in Thomasville will change its name to Unilin Flooring on July 1, the company announced on Monday.

Durable Goods Orders Slip

Washington, DC, June 25--Durable-goods orders unexpectedly fell in May, led by lower capital goods, electrical equipment and transportation orders, suggesting the manufacturing sector's recovery remains fragile.

Consumer Confidence Steady

New York, NY, June 25--Consumers are feeling increasingly confident in the future health of the economy, but that optimism is tempered by doubts about current business conditions, a private research group reports.

Home Depot Says Fiscal Year Projection On Track

Atlanta, GA, June 25--Home Depot Inc. Chief Financial Officer Carol Tome reiterated the home improvement giant's guidance that earnings will increase 9% to 14% on a sales increase of 9% to 12% for the fiscal year ending January 2004.

Existing Home Sales Rise

Washington, DC, June 25--Existing single-family home sales rose in May and were at the third-highest monthly pace on record, according to the National Association of Realtors.

Asbestos Bill Advances

Washington, DC, June 25--Senators took a major step on Tuesday toward setting up a national fund to pay asbestos injury claims now clogging the courts as the Judiciary Committee agreed on the medical criteria for compensation.

Buffett Attends Opening of Vegas Furnishings Store

Las Vegas, NV, June 25--More than 41 years after he first visited the city as a young honeymooner, businessman Warren Buffett returned to Las Vegas to mark the opening of his latest successful business venture, as reported in the Las Vegas Review-Journal.