CPI Up 0.5% in July
Washington, DC, August 16--The consumer prices index rose 0.5% in July, according to the Labor Department. The core index, which excludes food and energy increased 0.2%.
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.
Brazilian Exhibitors Generate $22 Million at Cover
Alexandria, VA, August 16--The Brazilian tile and stone exhibitors at Coverings 2005 reported over US$22 million in revenue (5.5 million square meters of ceramic tile) resulting from business generated at the show.
Patcraft Commercial Carpet Unveils Pinstripe Tile
Dalton, GA, August 16--Bold graphic stripes and a visual color texture combine to create Pinstripe Tile’s stylized geometry, a new product from Patcraft Commercial Carpet.
Propex Fabrics Reports 2Q Results
Austell, GA, August 16--Propex Fabrics reported total net revenue that increased $10.3 million, or 6.5%, from $157.8 million in the second quarter of 2004 to $168.1 million in the three months ended June 30, 2005.
Hunter Douglas Forms Horizontal Blinds Division
Upper Saddle River, NJ, August 16--Hunter Douglas has formed the Hunter Douglas Horizontal Blinds Division, headed by Bob Kopf.
Housing Starts Slip 0.1% in July
Washington, DC, August 16--Housing starts fell 0.1 percent in July from a four month high in June, according to the Commerce Department.
Iran Maintains Largest Share of Hand Woven World C
Tehran, Iran, August 15--Iran still holds the largest share of the hand woven carpet market of the world, despite the problems and competitions its industry has been facing during the recent years.
Former Kmart CEO Cleared of Wrongdoing
Detroit, MI, August 15--A former Kmart chief executive officer, whom the company accused of contributing to its 2002 bankruptcy, has been cleared of wrongdoing in a civil lawsuit filed by the retailer's former creditors.
Court Upholds 'Bodily Injury by Disease' W
New Orleans, LA, August 15--The U.S. Fifth Circuit Court of Appeals has ruled asbestos-related disease does not qualify as a "bodily injury by accident" under workers' compensation insurance, upholding an exclusion for injuries caused by disease.
Italtile Earnings up 25%
Johannesburg, South Africa, August 15--Ceramic tiles and bathware group Italtile (ITE) reported a 25% increase in final headline earnings per share.