Today's Flooring News

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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.

PPI Up 0.1% in September

Washington, October 15--Producer prices edged up just 0.1 percent in September, held back by a big energy-price drop, but the cost of non-energy items picked up steam, a government report showed on Friday.

Stark to Open Charlotte Showroom & Outlet

Charlotte, NC, October 12--A high-end carpet manufacturer with clients ranging from the White House to Hollywood plans to open a combination showroom and clearance center in Charlotte, according to the Charlotte Observer.

Senate Reaches Agreement on Corporate Tax Bill

Washington, October 11--The Senate, after a weekend of behind-the-scenes negotiations, struck a deal to allow passage of a sweeping corporate tax bill and spending measures for disaster relief and homeland security.

Toll Brothers Expects Earnings Increase in 2005

Huntingdon Valley, PA, October 6-- Luxury homebuilder Toll Brothers Inc. said it expects to see at least 30 percent growth in net income in fiscal year 2005 on strong demand for more expensive homes as maturing baby boomers enter their peak earning years.

Delinquency Rate Up on Riskiest Loans

New York, NY, November 10, 2006--Residential loans to the riskiest borrowers are sinking into delinquency 50 percent faster in 2006 than last year, according to UBS Securities.

AmericasMart Boasts World’s Largest Permanent Area

Atlanta, GA, November 10, 2006--As the preferred destination for area rug and home furnishings retailers worldwide and home to hundreds of the industry’s most respected and innovative area rug exhibitors, AmericasMart Atlanta serves as center stage for ar

Home Depot’s 3Q Earnings Up 20%, Tops Expectations

Atlanta, GA, November 16-- Home Depot reported record third quarter fiscal 2004 net earnings of $1.3 billion, or $0.60 per diluted share, up 20 percent compared to $0.50 per diluted share for the third quarter fiscal 2003.

U of Michigan Sentiment Index Up in November

Ann Arbor, MI, November 12--The University of Michigan's preliminary consumer sentiment index rose to 95.5 from 91.7 in October. The increase was the first since July, and followed a four-point jump in the university's October index.