Planned Job Cuts Up in May
New York, NY, June 3--Planned layoffs in the United States jumped 42 percent in May from April, led by hefty job cuts in the computer industry, a report said.
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.
Conduct of New Zealand’s Feltex May Be Investigate
Wellington, New Zealand, June 3--The Shareholders' Association has asked the Securities Commission to investigate whether New Zealand's Feltex Carpets Ltd.'s investors were appropriately informed about the troubled carpet maker's prospects
Sphinx Adds More Special Shapes and Sizes to Line
Dalton, GA, June 3--Sphinx is adding rounds, squares, and over-sized rugs to some of their most popular collections as well as to recent introductions. Sphinx now offers more than 250 rounds, 90 Squares, and 300 mansion-sized area rugs.
Torlys Launches Laminate Line with Hand-Scraped Lo
Mississauga, Ontario, June 3—Torlys is introducing in Canada the new, unique Steps Eligna Country Surface line that brings the tradition of wood craftsmanship to high-quality laminate flooring.
1Q Productivity Revised Up to 2.9%
Washington, DC, June 2--Productivity in the first quarter was revised up to reflect a 2.9 percent annual growth rate, according to the Labor Department.
ISM: Manufacturing Sector Losing Momentum in May
Tempe, AZ, June 2--Economc activity in the manufacturing sector grew in May for the 24th consecutive month, while the overall economy grew for the 43rd consecutive month, say the nation's supply executives in the latest Manufacturing ISM Report On Bus
Retailers Report May Results
New York, June 2—-Some of the nation’s top retailers reported results for May. Wal-Mart confirmed that May sales rose 2.5 percent at its U.S. stores open at least a year, with demand for groceries making up for sluggish sales of summer merchandise.
Solutia Completes Repricing of Debtor-In-Possessio
St. Louis, MO, June 2--Solutia Inc. today announced it has reached agreement with its lenders to amend its debtor-in-possession (DIP) financing, pending approval by the U.S. Bankruptcy Court.
Pending Home Sales Index Hits Record
Washington, DC, June 2--The Pending Home Sales Index, a leading indicator for the housing market, has risen to the highest level on record, according to the National Association of Realtors.
Factory Orders Up in April
Washington, DC, June 2--Demand for new factory goods increased 0.9% in April, the fastest gain in five months, the Commerce Department reported Thursday.