Oil Prices Hit New Highs
New York, August 3-- Oil prices soared to a new record high above $44 a barrel on Tuesday after OPEC said it couldn't immediately boost production.
Today's Flooring News
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Consumer Spending Off 0.7% in June
Washington, August 3-- Personal income grew modestly in June, while consumer spending took its biggest drop since September 2001.
ASCR Provides Insurance for Remediation and Drying
Millersville, MD, August 3--The Association of Specialists in Cleaning and Restoration (ASCR) is addressing one of the most pressing issues for mold remediation and drying contractors – obtaining insurance coverage at reasonable rates.
Liveris To Become Dow Chemicals CEO
Midland, MI, August 2--Dow Chemical Co. has named Andrew N. Liveris, CEO. He had been president and COO.
Hooker Furniture Withdraws From Chinese Anti-Dumpi
Washington, August 2-- Representatives of the Furniture Retailers of America (FRA) hailed this week's formal withdrawal of Hooker Furniture Corporation from the anti-dumping petition filed by a group of U.S. furniture manufacturers targeting Chinese w
Home Depot Workers Reject Bid to Unionize
Harper Woods, MI, August 2--Home Depot Inc. workers at a suburban Detroit store rejected a bid to be represented by a labor union, a National Labor Relations Board official said on Saturday.
Manufacturing Activity Grows in July
Tempe, AZ, August 2--Manufacturing expanded for the 14th consecutive month in July, boosted by new orders and higher production, the Institute for Supply Management said Monday.
Construction Spending Off 0.3% in June
Washington, August 2--The Commerce Department said total construction spending in June fell 0.3%, the first decline since January, to a seasonally adjusted annual rate of $985.16 billion.
GDP Growth Slows to 3%
Washington, DC, July 30--Economic growth decelerated to a slower-than-expected pace in the second quarter as consumer spending fell to its weakest rate since the recession three years ago.
Unifi to Close European Manufacturing Operations
Greensboro, NC, July 30--Unifi, Inc. announced that, as of November 2004, its European operations will focus solely on the sales, distribution and service of textured yarn.