Fed Taking Wait-And-See Approach to Economy
Washington, DC, July 22, 2010--Federal Reserve Chairman Ben Bernanke said that even though the economic recovery has weakened, the Fed plans no new steps for now to try to strengthen it.
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.
Orian Rugs Expanding South Carolina Plant
Anderson, SC, July 22, 2010--Orian Rugs will invest $10 million to expand its Anderson plant with a 60,000-square-foot yarn plant with a weaving room.
Economic Insecurity Hits 25-Year High
New York, NY, July 22, 2010--Economic insecurity in the U.S. is at its highest point in 25 years, according to a report released from the Rockefeller Foundation, and Jacob Hacker, a political science professor at Yale.
Cintas Launches Tile, Carpet Cleaning Service
Cincinnati, OH, July 22, 2010--Cintas Corporation has launched a new tile and carpet deep cleaning service in 44 major markets across North America.
Initial Jobless Applications Rose Last Week
Washington, DC, July 22, 2010--Initial jobless applications rose 37,000 to stand at 464,000 last week, the Labor Department reported Thursday.
Groz-Beckert Opens New Technology Center
Albstadt, Germany, July 22, 2010--Groz-Beckert's new Technology and Development Centre opened in Albstadt earlier this month.
American Turf Opens Florida Warehouse
New York, NY, July 22, 2010--American Turf and Carpet, LLC and its parent, Signature Fencing and Flooring Systems, LLC, have opened a warehouse in Sanford, Fla. near Orlando.
Karndean Fined for Packaging Violation
London, England, July 22, 2010--Flooring importer importer Karndean International has been fined £36,766 for failing to comply with packaging waste legislation, according to a story in PackagingNews.
Stryron Selects Locations for Operations Centers
Midland, MI, July 21, 2010--Styron has selected the Philadelphia area for its Global Operations Center and Midland for its North American Operations Center.
Mortgage Applications Increased Last Week
Washington, DC, July 21, 2010--Mortgage application volume last week rose a seasonally adjusted 7.6% from the previous week, according to the Mortgage Bankers Association.