Fed Sees Inflation Easing, Lacker Unconvinced
New York, NY, September 28, 2006--Federal Reserve officials expressed guarded confidence on Wednesday that inflation will ease, but Jeffrey Lacker, the Fed's most outspoken hawk, was unconvinced.
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.
Alliance Group to Offer New Credit Card Program
Alliance Flooring, Inc., a national retail flooring group, plans to offer a dual-line Visa credit card program through Wells Fargo Financial Retail Services
Manufacturing Study: Structural Costs Continue to
Structural costs for domestic manufacturers have increased from 22.4 percent to 31.7 percent since 2003 compared to nine major trading partners, according to a study released today by the National Association of Manufacturers.
NRF Welcome Veto of California Container Tax
Washington, DC, September 26, 2006 – The National Retail Federation welcomed California Governor Arnold Schwarzenegger’s veto of legislation that would have imposed a $60 fee on containers moving through two of the nation’s largest ports.
Ethan Allen sees 1Q Sales of $240M to $245M
Danbury, CT, September 25, 2006--Ethan Allen Interiors chairman and CEO Farooq Kathwari said, in anticipation of being asked to comment on current business, "[S]ales in recent months have slowed as consumer confidence has remained weak."
Zation Stone Intros Pebble and Stone Tiles
Los Angeles, CA, September 21, 2006--The look of hand-laid pebbles and small tumbled stone has been introduced in interlocking tiles for almost any decor.
SpeedHeat Introduces Generation4
Atlanta, GA, September 21, 2006--Radiant flooring producer SpeedHeat has unveiled their Generation4 floor warming systems in the United States.
Magnetized Leather Tile Allows Decor Changes
New York, NY, September 21, 2006--Leather has now been applied to a versatile and durable new idea in floor and wall covering--magnetism.
Canada August Leading Indicator Up
Ottawa, Ontario, September 20, 2006--Canada's leading indicator edged up 0.2 percent in August, down from 0.3 percent in July.
Fed Holds Interest Rate Steady
New York, NY, September 20, 2006--Surprising no one, the Federal Reserve held its overnight federal funds rate steady at 5.25 percent, the rate reached in June after 17 straight increases.