Online Advertising Growing at Healthy Pace
New York, NY, July 30, 2008--Global spending on Internet advertising is forecast to reach $65.2 billion this year.
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.
Online Job Vacancies Fall for Fourth Month in Row
New York, NY, June 30, 2008--The Conference Board's Help-Wanted OnLine Data Series reported the fourth consecutive month of year-over-year ad declines nationwide.
Mannington Raising Hardwood Prices
Salem, NJ, June 30, 2008 –Mannington Mills said it will increase prices on selected hardwood products, effective Aug. 18.
Solutia Considering Sale of Nylon Business
St. Louis, MO, June 30, 2008--Solutia Inc. said it has retained HSBC Securities Inc. to explore strategic alternatives regarding its nylon business, including a possible sale. The segment lost money in the first quarter.
James Halstead Says Profits Beating Expectations
Radcliffe, England, June 30, 2008--UK commercial flooring manufacturer and distributor James Halstead said profits for the year to June will be well ahead of market expectations.
Chicago PMI Still Shows Lack of Growth
Chicago, IL, June 30, 2008--The Chicago purchasing managers’ index increased to 49.6 for June, up from May’s 49.1, although the reading still indictes slight contraction for the fifth consecutive month.
Faus Patent Upheld by Chinese IP Office
Calhoun, GA, June 25, 2008– Faus said that on June 20 the State Intellectual Property Office in China upheld the company's patent for embossed in register technology.
Oil Prices Continue To Set New Records
London, England, June 30, 2008--The picture's not getting any prettier for flooring manufacturers and other that are highly dependent on oil. Oil prices spiked above $143 a barrel for the first time ever Monday.
Hartwall Capital Increases Stake in Karelia
Kuopio, Finland, Jun 30, 2008--Hartwall Capital Oy Ab has purchased Karelia Finland Oy's 33 percent stake in Karelia Upofloor Systems, giving Hartwall 99 percent ownership.
Laticrete Opens New Corporate Campus
Bethany, CT, June 30, 2008--Laticrete marked the grand opening of its new $24 million corporate campus on June 24 with a ribbon-cutting ceremony in Bethany.