Personal Income and Spending Up
Washington, DC, May 28--Personal incomes grew in April at twice the rate of spending, boosting the savings rate to the highest level since last summer.
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.
Dow to Expand Latex Production in China
Midland, MI, May 28--Dow Latex, the latex business of The Dow Chemical Company announced plans to add a second styrene/butadiene latex train in its production site in Zhangjiagang, China, to better meet the growing customer needs in the Greater China regi
Chicago PMI Dips
Chicago, IL, May 28-- A closely watched measure of manufacturing activity in the Chicago area dipped a bit in February, the region's purchasing managers said Friday, but was still stronger than most economists expected.
Lowe's Unveils New Premium Brands, Including P
Mooresville, NC, May 27--Building on its track record of offering consumers pedigreed merchandise at affordable prices, Lowe's adds new, showroom-quality products from four of the world's best-in- class brands to its roster this spring.
Abbey Prototype to Open in September
Bonita Springs, FL, May 26--Abbey Carpet is building a state-of-the-art training and sales production facility in North Naples that will serve as a prototype for its 800 stores nationwide.
Flexible Foam to Open Plant in Washington
Longview, WA, May 26--Ohio's Flexible Foam Products formally announced Tuesday that it is opening a new plant in Longview, Washington.
1st Quarter GDP Revised Up to 4.4%
Washington, DC, May 27--Driven by businesses' vigorous restocking of inventories, the U.S. economy surpassed an earlier estimate for first-quarter growth as corporate profits continued to show improvement.
Antron Recertified as Environmentally Preferable P
Atlanta, GA, May 27--Invista announced today the re-certification of Antron carpet fiber as an Environmentally Preferable Product (EPP) by Scientific Certification Systems (SCS).
Home Depot Increases Dividend by 25%
Atlanta, GA, May 26--Home Depot announced that its Board of Directors increased its quarterly cash dividend to eight and a half cents per share, an annual increase of 25 percent.
Lyondell, Millennium Deal Gains Antitrust Approval
Washington, DC, May 27--Antitrust authorities said on Wednesday they had approved Lyondell Chemical Co.'s proposed acquisition of joint venture partner Millennium Chemicals Inc.