Iran Says It's Still Leading World Carpet Market
Tehran, Iran, Aug. 25, 2008--Commerce Minister Masood Mir-Kazemi said Friday that Iran is still leading the world carpet market despite slowdown in the supply.
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.
Home Centers Cutting Back on Sales Promotions
Atlanta, GA, Aug. 22, 2008--Home Depot and Lowe's are pulling back on margin-eroding promotions.
Tarkett Raising Prices on All Commercial Tile
Houston, TX, Aug. 21, 2008 – Tarkett Commercial Tile will raise prices 5 to 8 percent on all its products as of Oct. 1.
Buffett Sees Little Econ Improvement Before 2009
New York, NY, Aug. 22, 2008--The U.S. economy is unlikely to improve before 2009, investor Warren Buffett said on CNBC Friday morning.
Bernanke Says Inflation Should Moderate Soon
Jackson Hole, WY, Aug. 22, 2008--Federal Reserve Chairman Ben Bernanke said inflation was on track to moderate in coming months.
Leading Indicators Index Falls By Most in Year
New York, NY, Aug. 21, 2008--The index of leading economic indicators fell in July by the most in almost a year, according to the Conference Board.
Georgia Leads Nation in New Jobless Claims
Washington, DC, Aug. 21, 2008--Initial jobless claims fell for a second consecutive week, after hitting six-year high, according to the Labor Department.
Dow Reichhold Latex Venture Dissolving
Research Triangle, NC, Aug. 21, 2008--Dow Reichhold Specialty Latex said it will go out of business by the end of the year, according to the Triangle Business Journal.
Azrock Plant Hit By Tornado Saturday
Houston, TX, Aug. 18, 2008 – Tarkett's Azrock tile plant in Houston was damaged by a tornado Saturday. The affected area held unfinished goods and raw materials.
ServiceMaster Names Kunihiro Senior VP
Memphis, TN, Aug. 21, 2008--ServiceMaster has named Jim Kunihiro as senior vice president of corporate strategy and marketing.