Inventories Up 0.4% in March
Washington, DC, May 13—-Business inventories rose 0.4% in March, below expectations and slower than the 0.7% increase in sales.
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.
Import Prices Up 0.8%
Washington, DC, May 13--Prices of imports into the United States rose a larger-than-expected 0.8% in April on higher prices for oil, metals and chemicals.
Beaulieu Names Abramowicz Divisional VP
Dalton, GA, May 13--Beaulieu of America appointed Richard V. Abramowicz divisional vice president of their central sales division.
Crossville Names Mike Sellers to New Position
Crossville, TN, May 13--Crossville, Inc. has named Mike Sellers to the newly created position of Technical Services Administrator.
Foamex Posts $10.9M Loss in 1Q
Linwood, PA, May 13--Foamex International reported a net loss in the first quarter of 2005 of $10.9 million, or $0.44 per diluted share.
Fundamentals Postive in the Commercial Real Estate
Washington, DC, May 13--The four major sectors of the commercial real estate market – office, retail, industrial and multifamily –can expect improvement over the next two years.
Collins & Aikman Hit by Liquidity Issues, CEO Out
Troy, MI, May 13--Auto parts and carpet supplier Collins & Aikman said its chief executive resigned as it faces significant near-term liquidity issues.
TCNA Members Collaborate to Create Award
Clemson, SC, May 16--Four Tile Council of North America (TCNA) members and an Ohio master craftsman contributed time and materials to create a one-of-a-kind commemorative Tile Person of the Year award.
Asbestos Bill Gaining Momentum
Washington, DC, May 13--The outlook for a Senate bill that would remove asbestos litigation from the courts improved Thursday after two days of committee action clinched a crucial Democratic vote.
Wal-Mart 1Q Earnings Up, Miss Estimates
Bentonville, AR, May 12--Wal-Mart Stores reported a 14 percent increase in first-quarter earnings, but the results missed Wall Street estimates.