Steelcase Posts 1Q Profit
Grand Rapids, MI, June 20—Steelcase, Inc. posted a quarterly profit after a year-earlier loss, helped by recovering demand for office furniture in the United States.
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.
New Owners of Texas Contractor Finds New Success
Fort Worth, TX, June 20-- It was a price war: Whoever had the lowest price got the job, and by the end of 2002, Jeff Bennett knew he had to quit. Going to work wasn't fun anymore, according to the Fort Worth Star Telegram.
Minneapolis Fed President Sees No Reason to End Ti
Tokyo, Japan, June 20--Federal Reserve Bank of Minneapolis President Gary Stern sees no reason for the Federal Reserve to stop raising interest rates now as the economy expands at a desirable pace, a Japanese newspaper reported on Monday.
Sears Essentials Stores Pair Retailers
Palatine, IL, June 20-- What do you get when you cross Sears with Kmart and add convenience items?
Home Depot Shares in Holding Pattern
Home Depot stock was a raging bull in the 1990s as the company grew into the planet's largest home improvement chain. A share bought for less than $2 in early 1990 was worth almost $70 by decade's end.
Leading Indicators Decline
New York, NY, June 20--The Conference Board reports today that the Composite Index of Leading Economic Indicators declined 0.5% in May, following no change in April, and a 0.6% decline in March.
StonePeak Ceramics Names Two Regional Sales Manage
Chicago, IL, June 17--StonePeak Ceramics Inc. hired Drew Giungo and Doug Snell as regional sales managers in the Northeast and Southeast regions, respectively.
Iranian Claims Pakistani Weavers Imitating Persian
London, England, June 17--An expert on carpet affairs said that Pakistan has taken full advantage of poor state support for the industry in Iran to imitate the designs of Persian carpets and export them to international markets.
EU Sends Statement of Objections in Synthetic Rubb
Brussels, Belgium, June 17--The European Commission confirmed it sent a 'statement of objections' detailing competition concerns to a series of synthetic rubber producers accused of operating a cartel, according to afx news.
MoldWash USA Intros Mold Fighting Carpet Product
Los Angeles, CA, June 17--To combat mildew and mold, MoldWash USA introduced the powerful product MoldWash Household less than one year ago.