Initial Jobless Claims Higher Than Expected
Washington, DC, Jan. 13, 2011 -- Initial jobless claims rose to the highest level since October, the Labor Department reported.
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.
Wholesale Prices Rise in December
Washington, DC, Jan. 13, 2011 -- U.S. wholesale prices rose 1.1% in December, mostly due to a spike in gasoline, the Labor Department reported Thursday.
Trade Gap Narrows in November
Washington, DC, Jan. 13, 2011 -- The U.S. trade deficit declined unexpectedly in November to the lowest level in 10 months, the Commerce Department said.
Shaw Takes Stake in Barrier Firm GeoHay
Dalton, GA, Jan. 12, 2011 -- Shaw Industries said it has invested in GeoHay LLC, a manufacturer of patented, barrier filtration products made from recycled carpet fibers. The extent of the investment was not disclosed.
Mannington Increasing Vinyl Prices Next Month
Salem, NJ, Jan. 11, 2011 -- Mannington said it will increase prices 4-6% on select commercial and residential vinyl products, effective with shipments on Feb. 14.
H.B. Fuller Reports Lower Income, Higher Sales
St. Paul, MN, Jan. 12, 2011 -- H.B. Fuller Company reported fourth quarter net income of $21.9 million, or $0.44 per share, versus $24.6 million, or $0.50 per share, a year ago.
Teragren Promotes Boshart to President
Bainbridge Island, WA, Jan. 12, 2011 -- Teragren has promoted Mike Boshart to president, the company said. He was named vice president in 2009.
New Zealand's Flooring Brands Buys Aussie Firm
Auckland, NZ, Jan. 12, 2011 -- Flooring Brands of New zealand said it has acquired Australian firm Master Kelwin Floors, increasing the group's worth to $260 million.
Mortgage Application Volume Up on Refinancing
Washington, DC, Jan. 12, 2011 -- Mortgage application volume rose in the latest week, according to the Mortgage Bankers Association.
WFCA Redesigns Consumer Website
Anaheim, CA, Jan. 12, 2011 -- The World Floor Covering Association said it has launched a completely revamped consumer flooring website at WFCA.org.