3Q Productivity Unchanged, Costs Up
Washington, DC, November 2, 2006--Labor costs rose as worker productivity unexpectedly stalled in the third quarter, representing a risk to Federal Reserve forecasts that inflation will subside.
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.
Monster Employment Index Unchanged
New York, NY, November 2, 2006--The Monster Employment Index remained unchanged in October, holding at a level of 172 and demonstrating continued stability in overall U.S. online demand during the outset of the fourth quarter.
UK’s Floors-2-Go in Takeover Talks
Birmingham, England, November 2, 2006-- Shares in struggling flooring company Floors-2-Go soared 25 percent yesterday after bosses admitted they were in talks over a possible takeover bid.
Mortgage Rates and Applications Decline in Latest
Washington, DC, November 1, 2006--The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending October 27.
ISM Manufacturing Index Slides
Washington, DC, November 1, 2006--Factory activity decelerated in October, according to a report from the the Institute for Supply Management
Sears Seeks Holder Votes for Canada Purchase
Hoffman Estates, IL, November 1, 2006--Sears Holdings said it filed a proxy circular seeking shareholder votes for its planned takeover of Sears Canada Ltd.
3Q Employment Costs Up
Washington, DC, October 31, 2006--The cost of keeping an employee on the payroll rose 1% in the third quarter, the biggest increase since 2004.
Family Still in Business After Almost 100 Years
Ottawa, Canada, October 30, 2006--Just before the First World War, Henry Harlow set up his flooring business in Hamilton. Selling walnut hardwood, he placed each floor by hand in the customer's home.
ServiceMaster to Move to Memphis
Downers Grove, IL, October 30, 2006--ServiceMaster Company said the company will consolidate its corporate headquarters into its operations center in Memphis, Tennessee.
Survey: Rising Rate Worry Homeowners
New York, NY, October 30, 2006--Homeowners with adjustable-rate mortgages worry about rising interest rates, but many believe they will be able to refinance their loans if necessary.