Fed Holds Interest Rates Steady Despite Inflation
Washington, DC, Aug. 5, 2008--The Federal Reserve decided Tuesday not to raise a key interest rate, indicating its deeper concern about a weak economy than rising inflation.
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.
Armstrong Names New Marketing Head
Lancaster, PA, Aug. 6, 2008--Armstrong World Industries recently promoted Kent Clauson to general manager of marketing for both the commercial and residential businesses.
RadiciGroup Develops New Fibers Website
Gandino, Bergamo, Italy, Aug. 7, 2008 - RadiciGroup has a new website about its RadiciGroup Fibres business, radicigroup.com/fibres.
Pfleiderer's Move To North Carolina Will Cut Costs
Moncure, NC, Aug. 6, 2008--The relocation of Pfleiderer's Uniboard HDF production from La Baie in Canada to Moncure will streamline laminate production and cut costs.
Pulte Matching Tax Credit for First Time Buyers
Bloomfield Hills, MI, Aug. 6, 2008--Pulte Homes Inc. says it will match a new $7,500 tax credit for first-time home buyers with its own $7,500 discount on homes.
Indian Rugs Trade Group Begins Marketing Campaign
New York, NY, Aug. 5, 2008--The Carpet Export Promotion Council of India (CEPC) has launched a full scale marketing campaign in the U.S. to help create awareness and appreciation of the value and quality of rugs from India.
Mortgage Applications Up But Way Short of 2007
Washington, DC, Aug. 6, 2008--The volume of mortgage applications filed last week rose 2.8 percent from the previous week, the Mortgage Bankers Association reported on Wednesday.
Outlet Malls Losing Share of Shoppers
Columbus, OH, Aug. 5, 2008-—Not only are shoppers changing their behavior in reaction to higher food and fuel prices, but the shares of monthly shoppers and monthly clothing shoppers continue to decline across most shopping center types.
Home Depot Continues To Lose Marketshare
Columbus, OH, Aug. 5, 2008--Home Depot's customers are starting to go elsewhere.
Dixie Group Income Cut in Half
Chattanooga, TN, Aug. 5, 2008 -- The Dixie Group, Inc. reported net income of $1.26 million in the second quarter, or $.10 per share, compared to $2.4 million or $.19 per share a year ago.