Personal Income Edges Down, Spending Up
Washington, DC, Dec. 6, 2013 -- Personal income decreased modestly in October, although personal spending rose, according to the Commerce Department.
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.
New Valinge U.S. Patent Extends System to LVT
Viken, Sweden, Dec. 6, 2013 -- Valinge Innovation AB said it has received a U.S. patent that expands its mechanical locking system to include luxury vinyl tile.
Nora Systems Gets New Minority Shareholder
Salem, NH, Dec. 6, 2013 -- Intermediate Capital Group plc had taken a minority stake in rubber flooring firm Nora systems as part of a refinancing agreement.
China Ceramics Must Add Independent Director
Jinjiang, China, Dec. 6, 2013 -- China Ceramics Co. said it has received a letter from the NASDAQ stock exchange indicating that the company's board doesn't comply with listing requirements.
Mohawk To Convert Plants for BCF Production
Calhoun, GA, Dec. 5, 2013 -- Mohawk Industries said it will convert manufacturing facilities in Dalton and Rome to handle bulk continuous filament.
Mannington Raising VCT Prices in March
Salem, NJ, Dec. 5, 2013 -- Mannington Mills said it will raise prices 4% on all of its vinyl composition tile products and tile adhesive, effective March 3.
New Members Inducted to Design Hall of Fame
New York, NY, December 5, 2013--The 29th annual Interior Design Hall of Fame was held December 4 at the Waldorf-Astoria in Manhattan.
Third Quarter GDP Revised Substantially Higher
Washington, DC, Dec. 5, 2013 -- The second estimate of third quarter economic growth was revised up to 3.6% from 2.8% by the Bureau of Economic Analysis.
Planned Job Cuts Plunge from Year Ago
Chicago, IL, Dec. 5, 2013 -- Planned job cuts in November edged down 0.9% from October but were down 21% from a year ago, according to outplacement firm Challenger, Gray & Christmas Inc.
Initial Jobless Claims Near Six-Year Low
Washington, DC, Dec. 5, 2013 -- Initial applications for unemployment benefits declined 23,000 last week to 298,000, almost a six-year low, according to the Labor Department.