Masco Trims 2006 Outlook
Taylor, MI, September 21, 2006-- Home improvement and building products producer Masco Corp., has lowered its full-year profit forecast due to disappointing sales in this year's latter half.
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.
Coverings Online Registration Set to Kickoff
Alexandria, VA, September 21, 2006--Online registration for 2007 Coverings gets underway Monday, October 23, six months ahead of the April 17-20 international tile and stone exposition and conference.
Feltex Rescue Bid in Turmoil
Wellington, New Zealand, September 21, 2006--The Feltex rescue became even more confusing yesterday as competing takeover groups disputed whether the Turner brothers' offer would satisfy the carpet-maker's bank, ANZ, according to the New Zealand H
NRF Sees Modest Holiday Gains in 2006
Washington, DC, September 19, 2006--While consumers have shown a surprising amount of resilience in 2006, retailers can expect a more subdued holiday season.
Industrial Output Down 0.1% in August
Washington, DC September 15, 2006--Industrial output fell 0.1% in August, according to the Federal Reserve Board, indicating a slowdown, which in turn is expected to discourage the Fed from raising interest rates next week.
Stanley Furniture Cuts Guidance
Atlanta, GA, September 13, 2006--Stanley Furniture Co., on Wednesday cut its profit and revenue estimates for the third quarter and full year, citing weak retail sales.
Multifamily Stock Index Hits Another High
Washington, DC, September 12, 2006--The stocks of publicly traded companies whose primary business is multifamily housing outpaced the market as a whole in August, pushing the National Association of Home Builders’ (NAHB) Multifamily Stock Index (MFSI) to
Home Depot Nixes Kingfisher Bid
London, England, September 11, 2006--Home Depot, according to the Financial Times, has ruled out expansion in Europe, ending years of speculation that it could bid for Kingfisher PLC, the U.K. home-improvement retailer.
New Hardened Wood Simulates Rare Exotics
Ferndale, WA, September 8, 2006--An innovative line of sustainable and environmentally-friendly wood products is the basis of a new joint venture, EverTech L.L.C., launched this month by MeadWestvaco Specialty Chemicals and Chemco Inc.
Fed Beige Book: Growth Rate Slowing
Washington, DC, September 7, 2006--Economic activity continued to move forward in August, but there were signs of a downshift in the rate of growth, according to a Federal Reserve Beige Book