Jobless Claims Off Last Week
Washington, DC, July 27, 2006-- Weekly jobless claims fell by 7,000 to 298,000 in the latest week, coming in below economists' expectations, the Labor Department said Thursday.
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.
Feltex Running Out of Time
Wellington, New Zealand, July 27, 2006--Feltex Carpets shares collapsed to a new low yesterday after the company said it could not be sure of finding a new investor and, if it did, any restructuring deal would see the shares lose significant value.
Business Roundtable Supports SEC Rule Executive Pa
Washington, DC, July 27, 2006--Steve Odland, chairman & CEO of Office Depot, Inc., and chairman of Business Roundtable’s Corporate Governance Task Force, made the following statement today on behalf of Roundtable CEOs.
Louisiana-Pacific 2Q Earnings Off
Nashville, TN, July 27, 2006--Building products maker Louisiana-Pacific Corp., said its second-quarter profit fell, because of lower pricing for key building materials.
California Brothers Prosper in the Rug Business
Modesto, CA, July 25, 2006--Jay and Jack Mitri didn't know anything about rugs when they started selling them at flea markets 18 years ago. Now they own two stores and are considered rug experts.
UK’s United Carpets Earnings Off
London, England, July 19, 2006--United Carpets Group plc, a chain of specialist retail carpet and floor cover stores in the UK, reported a drop in pretax profit for the year to end-March after reducing its opening program.
U.S. Buys 22% of Iranian Carpet Exports
Tehran, Iran, July 19, 2006--The U.S. was among Iran's major importers of Persian carpet in the first quarter of the current Iranian fiscal year of 1385 (started on March 21).
Chain Store Sales Off Last Week
New York, NY, July 18, 2006--Chain store retail sales fell 0.6 percent in the latest week as warmer-than-normal weather and high gasoline prices kept shoppers at home, a retail report said on Tuesday.
Trade Deficit Widens
Washington, DC, July 12, 2006--The trade deficit widened by 0.8% in May to $63.8 billion as both imports and exports set monthly records, the Commerce Department said Wednesday
Williams-Sonoma Trims Q2 Guidance
San Francisco, CA, July 11, 2006--Williams-Sonoma on Tuesday cut its quarterly revenue forecast on disappointing sales at its Pottery Barn chain, and said its chief executive officer was retiring this week.