New York Manufacturing Index Shows Growth
New York, NY, Sept. 15, 2010--The New York Federal Reserve's manufacturing index fell 3 points to 4.1 for early September, a larger decline than expected.
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.
August Retail Sales Higher Than Anticipated
Washington, DC, Sept. 14, 2010--Retail sales rose 0.4% in August, the Commerce Department said. It marked the second straight increase and was the largest gain since March.
Buffett Rules Out Double-Dip Recession
Butte, MT, Sept. 14, 2010--Warren Buffett, whose Berkshire Hathaway owns Shaw Industries, said a double dip recession won't happen.
USFloors Begins Largest Georgia Solar Project
Dalton, GA, Sept. 14, 2010--The largest solar installation in Georgia will begin this week on the roof of a warehouse owned by USFloors, according to GPB News.
Invista, DuPont Settle Three Lawsuits
Wilmington, DE, Sept. 13, 2010--Invista and DuPont said they have signed a settlement agreement that resolves three existing lawsuits between the companies.
Nydree Flooring Consolidating Manufacturing
Forest, VA, Sept. 14, 2010--Nydree Flooring said it is consolidating factory locations by moving the Forest-based manufacturing facility to Karthaus, Pennsylvania.
Cali Bamboo Product Gets 5,000+ Janka Rating
San Diego, CA, Sept. 14, 2010--Cali Bamboo said its Fossilized Bamboo Flooring line received a 5,000-plus pound Janka hardness rating.
Chain Store Sales Higher Last Week
New York, NY, Sept. 14, 2010--U.S. chain-store sales rose 2.6% last week, according to the International Council of Shopping Centers and Goldman Sachs.
Commercial Construction Spending Seen Off 14%
New York, NY, Sept. 14, 2010--A new report by Standard & Poor's Ratings Service says that commercial construction spending will probably fall 14% this year.
Hardwood Exports to Middle East on The Rise
Washington, DC, Sept. 14, 2010--The total value of U.S. hardwood lumber shipped to Egypt from January to June 2010 rose 113% to $6.1 million compared to the first half of last year, according to the American Hardwood Export Council.