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.
Washington, DC, February 17, 2006--The Architecture Billings Index (ABI), a leading economic indicator of nonresidential construction activity, was positive in January for the twelfth consecutive month, and fourteen out of the last fifteen months.
Wellington, New Zealand, February 17, 2006--Textiles and carpet maker Cavalier Corp. Ltd., Friday posted a sharply lower fiscal first half net profit due to "softer and challenging conditions" faced by the company's carpet and wool businesses.
Washington, DC, February 17, 2006—Fed Chairman Ben Bernanke, barraged with lawmakers' questions on Thursday over rising foreign ownership of U.S. assets, played down fears that China held enough dollars to endanger the U.S. economy.
Cincinnati, OH, February 17, 2006--Federated Department Stores said Friday it has agreed to sell 15 department stores located in Maryland, Ohio, Connecticut and California to Australian real estate conglomerate Westfield Group.
Alexandria, VA, February 17, 2006--Networking is one of the most beneficial qualities of Coverings 2006, April 4-7, and it does not stop at the end of a show day.
Plano, TX, February 16, 2006--J.C. Penney Co., on Thursday posted fourth quarter earnings that rose 65%, helped by more full-priced selling during the key holiday season.
Washington, DC, February 16, 2006--The cost of repairing the 95,000 properties in New Orleans damaged by flood waters from Hurricane Katrina will total between $8 billion and $10 billion, according to a study released today by the Mortgage Bankers Associa
Washington, DC, February 16, 2006--Republican Sen. Arlen Specter said on Wednesday the asbestos compensation bill he is co-sponsoring is "very much alive" and that Senate Majority Leader Bill Frist told him there would be another vote on it.
Washington, DC, February 16, 2006--First-time applications for U.S. unemployment benefits rose by 19,000 to 297,000 in the week ending Feb. 11, the Labor Department said Thursday.
Olean, NY, February 16, 2006--According to report in the Olean Times Herald, Dal-Tile, within weeks, will be reducing its mosaic tile production by half, closing a kiln and also laying off at least 30 second-shift union workers.