Burning Debris Catches Shaw Plant Roof on Fire
Dalton, GA, Aug. 7, 2008--A Wednesday afternoon fire at a Shaw Industries plant damaged part of the building’s roof but no one was hurt.
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 Sales Contracts Surged in June
Washington, DC, Aug. 7, 2008--Home sales contracts unexpectedly rose across the country in June, but still were well below last year's levels, according to the National Association of Realtors.
Saudi Firm Buys Five Percent of Oriental Weavers
Cairo, Egypt, Aug. 7, 2008--Saudi Arabia's Fitaihi Holding 4180.SE has bought 5 percent of Egypt's Oriental Weavers $28.9 million, Al Alam Al Youm newspaper said on Thursday.
Initial Jobless Claims Reach Six Year High
Washington, DC, Aug. 7, 2008--Initial jobless claims unexpectedly rose last week to the highest level in six years.
Retail Sales Moving Away From Discretionary Items
New York, NY, Aug. 7, 2008--Retailers reported that July sales showed an increasing shift toward buying necessities like food and household supplies at discounters and away from discretionary splurges.
Iranian Carpet Exports Up in Quarter
Tehran, Iran, Aug. 7, 2008--Iran's handwoven carpet exports increased by five percent during March 20-June 20 period compared to last year, according to the Joint Stock Carpet Co.
Milliken Pursues Acquisition of Thomas Industries
Dalton, GA, Aug. 5, 2008--TI Acquisition LLC, a manufacturer of carpeting and textiles operating as Thomas Industries LLC, among other names, has sought bankruptcy protection from creditors and wants to sell its assets to Milliken & Co.
Lumber Liquidators Expansion Helps Double Earnings
Toano, VA, Aug. 6, 2008--Lumber Liquidators, Inc. reported that net income more than doubled in the second quarter.
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.
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.