Q2 GDP Revised to 2.9%
Washington, GA, August 30, 2006--Gross domestic product for the second quarter was revised to 2.9% annualized from the earlier estimate of 2.5%, the Commerce Department said Wednesday.
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 Depot to Layoff 300 at HQ
Atlanta, GA, August 30, 2006--According to the Atlanta Journal-Constitution Home Depot told employees today that it will lay off 300 workers at the company’s Cobb County headquarters.
Consumer Confidence Down in August
Washington, DC, August 29, 2006--Consumer confidence weakened sharply in August, the Conference Board said Tuesday. The consumer confidence index fell to 99.6 in August from a revised 107.0 in July.
Stainmaster Carpet Celebrates 20th Year
Atlanta, GA, August 28, 2006--Stainmaster carpet, which revolutionized the industry with its stain resistance capability when it was introduced in 1986, is celebrating its 20th anniversary. Today, the Stainmaster® brand has reached approximately 90 percen
Shaw Launches Kathy Ireland Fall Promotion
Dalton, GA, August 28, 2006--“Fall Flooring Days,” the fourth annual Kathy Ireland promotion from Shaw, will begin on September 1, 2006 and run through October 16, 2006.
New Home Sales Off 4.3% in July
Washington, DC, August 24, 2006--Sales of new homes dropped 4.3% in July to a seasonally adjusted annual rate of 1.07 million, the Commerce Department said Thursday.
Congoleum’s Incident a Blast and Fire
Marcus Hook, PA, August 24, 2006--An explosion and fire Friday has shut down one of two sheet-flooring production lines at a Congoleum Corp., plant in Trainer, Delaware County.
Congoleum Reports Production Line Incident, Agrees
Merverville, NJ, August 23, 2006--Congoleum said that one of the sheet flooring production lines at its Marcus Hook, Pennsylvania plant sustained extensive damage. The company also said it has reached a settlement agreement with an excess insurance carrie
Armstrong Discusses its Reorganization
Lancaster, PA, August 23, 2006--Armstrong Holdings, Inc., the parent company of Armstrong World Industries, Inc., provided today additional information regarding the anticipated effect on Armstrong Holdings of the expected consummation of the Chapter 11 r
Kronospan Gets Government OK for Land Purchase
Kiev, Ukraine, August 22, 2006—The Ukranian government has permitted Kronospan Ukr Ltd. (Novovolynsk) to purchase the land on which the timber processing plant is situated.