Consumer Prices Hold Steady
Washington, DC, Nov. 18--Consumer prices were steady in October, indicating that the recent surge in economic growth isn't fanning inflation.
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.
NFSI Releases Floor Cleaner Safety Study
Southlake, TX, Nov. 18--Many household cleaning products leave floors more slippery than they were before cleaning, the National Floor Safety Institute (NFSI) reported this week.
Boston Group Buying Simmons
Atlanta, GA, Nov. 17--Boston-based private equity firm Thomas H. Lee Partners is acquiring control of bedding manufacturer Simmons Co., maker of the Beautyrest mattress, for $1.1 billion.
About Koch
Wichita, KS, Nov. 18--Koch Industries completed a $4.4 billion acquisition Monday with an agreement to acquire Invista, formerly DuPont Textiles and Interiors, according to the Wichita Eagle.
Global Deal For New Wool Firm
Auckland, NZ, Nov. 18--A new wool company owned by New Zealand's sheep farmers has roared into life with a multimillion-dollar deal to deliver a wonder wool protein to the world's cosmetic buyers.
Quarterly Total State Home Sales Hit New Record
Washington, DC, Nov. 14--Total state existing-home sales activity in the third quarter was the highest on record, with 48 states and the District of Columbia posting increases from a year ago.
Eco-Friendly Structures Catching On
Pittsburgh, PA, Nov. 17--They've figured out how to build carpets from recycled materials, urinals that don't use water, and energy-efficient roofs covered with plants, according to the Philadelphia Inquirer.
Business Inventories Rise Unexpectedly
Washington, DC, Nov. 17--U.S. business inventories unexpectedly rose 0.3 percent in September as unsold stocks of autos accumulated at the fastest clip since February, a government report showed on Monday.
Lowe's Posts Earnings Increase
Mooresville, NC, Nov. 17--Lowe's Companies, Inc. today reported net earnings of $452 million for the quarter ended October 31, a 33.3 percent increase over the same period a year ago.
Sears Note Tender Completed
Hoffman Estates, IL, Nov. 17--Sears Roebuck & Co. said about $5.9 billion in notes, excluding redemptions in 2004, were tendered in its cash offer to buy $11.8 billion of its debt.