New Home Sales Down More Than Expected
Washington, DC, Nov. 26--Sales of new homes posted a larger-than-expected slide in October, a Commerce Department report showed on Wednesday in another sign the once-torrid U.S. housing market is easing a bit.
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.
Fed Sees Strength In Economy
Washington, DC, Nov. 27--The economy continued to steam ahead in October, the Federal Reserve said Wednesday in its most optimistic assessment of business conditions since before the 2001 recession.
Tom Durkan Dead At 78
Dalton, GA, Nov. 27--Thomas R. Durkan, the founder of Durkan Patterned Carpets who was credited with creating a lucrative niche market for upscale printed carpet in the commercial carpet industry, died at his Dalton, GA home on November 25.
Two Home Depot Directors Won't Be Back
Atlanta, GA, Nov. 27--Home Depot Inc. said two directors, including Richard Grasso, the former New York Stock Exchange chairman and chief executive, won't stand for reelection next May.
Surveys: Consumers Plan More Holiday Spending
Chicago, Oct 21--U.S. consumers are planning to spend more on gifts, greeting cards and other holiday goods this year than they did a year ago, bolstering hopes of a sustainable economic recovery, according to two surveys released on Tuesday.
Profits at Electrolux Slide On Weakened Demand and
Stockholm, Oct. 21--Electrolux AB posted a 38% slide in third-quarter profits amid a one-time charge and a decline in sales caused by the weaker dollar and slack demand.
New Slate Training Center Planned For Vermont
Poultney, VT, Oct 21--A group of slate companies and the town of Poultney have won a $40,000 state Community Development Block grant that will be used to create a discovery and training center, where architects and trades people will better understand the
Radiant Panels Make House Warm And Cozy
Dallas, TX, Oct. 21-- It's the time of year you may tend to seek out additional ways to warm up the look and feel of your house, making it cozier for your family and guests.
Textile Company Considers Being Purchased
Greensboro, NC, Oct. 21--A leaner, profitable Guilford Mills Inc. said yesterday that it is considering being bought as a means of attracting more capital investment according to the Winston-Salem Journal.
Columbia Acquires Remainder Of Century Flooring
Danville, VA, Oct. 20--Columbia Flooring today announced that it has reached an agreement with North Pacific Group (Nor Pac) to purchase its ownership interest in Melbourne, Arkansas based Century Flooring, a manufacturer of prefinished solid hardwood flo