Help-Wanted Ad Index Up in January
New York, NY, February 25--The Conference Board’s Help-Wanted Advertising Index – a key barometer of America’s job market – increased three points in January. The Index now stands at 41. It was 38 one year ago.
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.
U.K. Mosaics Firm Focusing on U.S.
Port Talbot, Wales, February 25--Mosaici has used computer-aided design to create a series of pattern templates for ancient mosaic tiles which simplifies the usually complex task of recreating 2,000 year-old Roman and Celtic designs, according to the West
Hurricane Rebuilding Pushes 2004 Home Improvements
Tampa, Florida, March 1--The active hurricane season helped drive spending on home improvement products to a new record high estimate of $271.4 billion in 2004, according to the Home Improvement Research Institute (HIRI).
Tom Ridge Named to Home Depot’s Board
Atlanta, GA, February 25--Tom Ridge, the former secretary of the Department of Homeland Security and former governor of Pennsylvania, was named to Home Depot Inc.'s board of directors, the home improvement retailer announced on Thursday.
WSJ: Federated & May Close to a Deal
New York, NY, February 25--The Wall Street Journal reported on Friday that the boards of Federated and May are scheduled to meet in the next two days to finalize terms of a possible merger.
RD Weis Expands Into Raised Access Flooring
Port Chester, NY, February 25--RD Weis Companies has formed a partnership with Free Axez USA, an alliance that expands RD Weis' problem-solving capabilities for today¹s office and technology environments.
Revised 4Q GDP Up 3.8%
Washington, DC, February 25--The economy in the fourth quarter grew at an annual rate of 3.8 percent, according to a report from the Commerce Department. The growth was stronger than the 3.1 percent from the estimate a month ago.
Existing-Home Sales Off 0.1% January
Washington, DC, February 25--Existing-home sales, revised with improved methodology, were essentially flat in January but remained at historically high levels, according to the National Association of Realtors.
Kronopol Opens Facilities For U.S. Distribution
Toronto, ON, February 25--Kronopol Marketing, the North American division of Kronopol, has opened facilities in Minneapolis and Tampa, Florida for the distribution of its laminate flooring products.
J.C. Penney Posts 4Q Profit
Plano, TX, February 24--J.C. Penney in the fourth quarter posted earnings that were up 30 percent to $333 million, or $1.17 a share. In the fourth quarter of 2003 the company reported a loss of $1.07 billion, or $3.42 a share.