Retail Furnishings Sales Off
Charlotte, NC, May 24--Results from some major furnishings retailers last week suggest U.S. consumers may be slowing their impulsive home-oriented purchases.
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 Overtime Rules Could Affect Small Businesses
Tucson, AZ, May 24--For small companies, recently revised white-collar overtime rules may be a shock. Many don't have human resource departments or legal teams to pore through 154 pages of job definitions, according to the Tucson Citizen.
S&P Raises Mohawk’s Ratings
New York, NY, May 24--Standard & Poor's Ratings Services said today that it raised its corporate credit and unsecured debt ratings on floorcoverings giant Mohawk Industries Inc. to 'BBB+' from 'BBB'. The outlook for the Calhoun, GA-bas
Fed Shifts Focus to Rising Prices
Washington, DC, May 21--An unexpected quickening in the pace of price increases in the past two months is challenging the Federal Reserve's plan to raise short-term interest rates only slowly from today's 46-year lows.
Tennessee Foam Producer Launches Plant Expansion
Chattanooga, TN, May 21--A Chattanooga maker of foam used in bedding, furniture and carpet backing is embarking on a nearly $3 million expansion and swelling its work force by up to 30 employees, according to the Chattanooga Times/Free Press.
Hotel Industry Sees Resurgence
Atlanta, GA, May 21--After three years struggling to fill rooms, the national hotel industry is expected to recover lost business and recoup lost revenue in 2004, according to the Atlanta Journal-Constitution.
NAHB: Apartment Market Rebounding, Condos Still Ho
Washington, DC, May 21, 2004 - Strong condo demand and signs that the rental apartment market finally is emerging from its slump fueled the confidence of multifamily builders in the first quarter of this year, according to the National Association of Home
CRI Announces New Maintenance Publications
Dalton, GA - May 20, 2004 - The Carpet and Rug Institute (CRI) announces the release of two new maintenance publications.
Invista to Cut 175 at Tennessee Plant
Chattanooga, TN, May 20--Invista, a nylon and Lycra manufacturer, will cut at least 175 employees at its North Access Road plant in Hixson, company officials said, according to the Chattanooga Times/Free Press.
Leading Indicators Up 0.1%
New York, NY, May 20--The Conference Board reports today that the Composite Index of Leading Economic Indicators increased 0.1% in April, following a 0.8% increase in March and no change in February.