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.
Washington, DC, Feb. 21--Mortgage rates fell this week, setting new lows that economists predicted would spell more good news for the housing industry. The average interest rate on a 30 year, fixed rate mortgage dipped to 5.84% for this week
Atlanta, Feb. 24--Home Depot launched a new national advertising campaign last night with a 60-second branding spot during the Grammy Awards on CBS.
Derbyshire, U.K., Feb. 24--A new lightweight aircraft floorcovering, which could help airlines save millions of dollars and replace conventional carpeting in aircraft, will be introduced this week at the Aircraft Interiors Expo show in Hamburg.
Atlanta, GA, Feb. 24--Home Depot launched a new national advertising campaign with a 60 second branding spot during the Grammy Awards on CBS.
Greensboro, NC, Feb. 24--Burlington Industries' committee of unsecured creditors has told a bankruptcy court that it opposes the company's proposed auction procedures, including a $14 million breakup fee for lead bidder Berkshire Hathaway.
Wilkesboro, NC, Feb. 24--Lowe's had net earnings of $319.4 million for the quarter ended January 31, a 46.2% increase over the same period a year ago. Diluted earnings per share increased 42.9% to $0.40 from $0.28 in the fourth quarter of fiscal 2001.
Chattanooga, TN, Feb. 20--The Dixie Group had income from continuing operations of $2.3 million, or $0.20 per diluted share, for the fourth quarter ended December 28. Results for the quarter included an income tax benefit of $423,000, or $.04 per diluted
Wilmington, DE, Feb. 18—DuPont Textiles & Interiors will raise prices for its commercial and residential carpet fibers as of March. The decision is a result of several key factors, among them an escalation in raw material and energy costs, as well as comp
Trelleborg, Sweden, Feb. 18—Pergo's annual meeting will be held on April 22, instead of May 8 as announced previously.
Washington, DC, Feb. 19--Construction of new homes and apartments rose in January to the highest level in 16 years as low mortgage rates continued to power a housing boom, according to the Commerce Department.