Producer Price Index Rises Slightly
Washington, DC, Apr. 1--U.S. inflation in the pipeline eased in February, validating the Federal Reserve's judgment that it can keep interest rates low until it sees a clear recovery in the job market.
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.
Bed Bath & Beyond Posts Earnings Increase
Union, NJ, Mar. 31--Bed Bath & Beyond Inc.'s earnings rose 37 percent in its latest quarter, as new stores and acquisitions drove sales up 24 percent.
Construction Spending Off In February
Washington, DC, Apr. 1--Spending on new construction eased in February as residential building slowed, the government said on Thursday.
Merrill Downgrades Wal-Mart & Other Retailers
Chicago, IL, Apr. 1--Merrill Lynch lowered its investment rating on Wal-Mart Stores Inc. and other top retailers on Thursday amid concerns that sales growth would taper off in the second half of the year.
Tile of Spain Names 2004 Industry Award Winner
Castellón, Spain, Apr. 1--The 2004 Tile of Spain Industry Award, formerly known as the Jerry Fisher Memorial Award, was given to Richard Johnson, Vice President of Florida Flooring Products.
Industry Pioneer James Brown Dies at 76
Dalton, GA, Apr. 1--James E. Brown, the founder of Brown Printing and Brown Industries, died at his home Tuesday after a battle with cancer. He was 76.
Lowe's Tillman Not Retiring Any Time Soon
Mooresville, NC, Mar. 30--Lowe's Cos. Chairman and Chief Executive Robert L. Tillman laughed off a suggestion that he may retire in the next couple of years, saying no decision on when that will happen has been made.
New NeoCon East Dates Announced
Chicago, IL, Mar. 31--Following rave reviews in its premiere in 2003, NeoCon East returns with new show dates to the Baltimore Convention Center in Baltimore, MD Oct. 6-7.
RPM Completes Two Acquisitions In Europe
Medina, OH, Mar. 31--RPM International Inc., a leading specialty coatings manufacturer, announced today that its European development office, RPM Europe SA, has acquired Ecoloc N.V./Lock-Tile Belgium N.V. and Compakta/Pactan, a division of Heidelberger Ba
Amtico to be Listed on London Stock Exchange
Coventry, UK, Mar. 31--Amtico, the former floormaking unit of Courtaulds, is set to float on the London Stock Exchange as early as July, with a market capitalisation of up to £150 million, according to The Times.