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.
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.
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.
Terra Blocks Launched as Low Cost Global Option
Toronto, ON, February, 25--First Canadian American Holding Corporation announced that its joint venture partner has developed unique decorative floor tile to enhance its low cost earth construction methods used around the world.
Double-Digit Profit Growth for U.S. Hotels in 2004
Atlanta, February 28--The typical U.S. hotel achieved an estimated 13.3 percent increase in profits in 2004, and is projected to enjoy another 14.1 percent boost to the bottom-line in 2005, according to the 2005 P&L Forecast published by PKF Hospitality R
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.
Oregon Family Opens Retail Business
Newport, OR, Februbery 24--After 25 years experience installing flooring for other companies, Dave Weiss, together with his wife, Donna, and eldest son, Dave, decided it was time to put Dave's knowledge of the flooring business to work in a family-own
British Wool Intros 'Farmer Tom' Spokesman
London, England, February 24--British Wool has introduced a cartoon creation called "Farmer Tom" to highlight the connection between the British sheep farmer and the finished British Wool carpet, according to the Journal.
Dixie Posts 4Q Profit of $5M
Chattanooga, TN, February 24--The Dixie Group reported income from continuing operations of $5,024,000, or $0.40 per diluted share, for the fourth quarter.
California Retailer Expands
Oroville, CA, February 24--When Chico residents Bryan and Ray Hobbs began looking for satellite locations for their successfully expanding floor coverings business Floors by Ray, the natural choice they found for a location was the city of gold.