Fed Raises Rates for 12th Time
Washington, DC, November 2, 2005--The Federal Reserve raised interest rates again Tuesday and signaled more to come.
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.
NRF: Tax Reform Proposal Would Drive Up Consumer P
Washington, DC, November 2, 2005--Consumer prices for products ranging from clothing to gasoline could increase by nearly one-third under a proposal to tax imports included in a report submitted to Treasury Secretary John Snow today by the President’s Adv
Former Buddy's Carpet Owners Plead Innocent to
Cincinnati, OH, November 2, 2005--Two former owners of retailer Buddy's Carpet have pleaded innocent to charges that they purchased sham insurance policies to lower their income taxes.
Forbo Adhesives Buys Oregon Company
Durham, NC, November 2, 2005--Forbo Adhesives LLC has bought the assets of Industrial Adhesives Inc. for an undisclosed price, the company announced Tuesday.
Honeywell Sale of Nylon Carpet Fibers to Shaw Comp
Morris Township, NJ, November 1, 2005--Honeywell announced today that it completed the sale of its U.S. nylon carpet fibers business to Shaw Industries Group, Inc., a subsidiary of Berkshire Hathaway, Inc.
Great Floors to Add a Washington Location
Olympia, WA, November 1, 2005--Great Floors plans to build a 50,300-square-foot store off Martin Way, according to a special-use permit filed with Thurston County Development Services, according to the Olympian.
Construction Spending Sets Record
Washington, D.C., November 1, 2005--Construction spending set another record in September as the building industry continued to enjoy boom times, according to the Associated Press.
Pergo’s CFO Resigns
Trelleborg, Sweden, November 1, 2005--Staffan Söderqvist has resigned as CFO and Deputy CEO of Pergo AB.
JupiterResearch Forecasts 2005 Online Holiday Sale
New York, NY, November 1, 2005--JupiterResearch forecasts that 2005 online holiday sales will reach $26 billion in the United States, an 18% increase over 2004.
Forrester Research: 2005 Online Holiday Sales to H
Cambridge, MA, November 1, 2005--Despite concerns about consumer confidence, US online retail sales this holiday season will hit $18 billion, a 25 percent increase over last year, according to Forrester Research, Inc.