Chicago Fed Data Indicates Recession Has Started
Chicago, IL, March 24, 2008-- The Chicago Federal Reserve Bank's National Activity Index for February plunged to a five-year low last month.
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.
Sherwin-Williams Lowers Earnings Estimates
Cleveland, OH, March 24, 2008—Sherwin-Williams Co. cut its first-quarter and full-year earnings targets to reflect lower sales in the U.S. and higher raw-material costs.
Goodfellow Sees Second Quarter Profit Shrink
Delson, Quebec, Canada, March 23, 2008--Canadian firm Goodfellow Inc. said its net income fell to $38,000 in the second quarter ended Feb. 29 compared to $500,000 in the second quarter a year ago.
Senator Tours Shaw's Waste to Energy Facility
Dalton, GA, March 20, 2008- U.S. Senator Saxby Chambliss (GA) toured Shaw Industries Plant 81 and the company's Waste to Energy (WTE) facility.
Avalon Carpet Owner John Millar Dies
Cherry Hill, NJ, March 20, 2008--John P. Millar, owner and president of Avalon Carpet and Tile in Cherry Hill, died Sunday of a heart attack.
Consolidated Carpet Recycles 341 Tons of Flooring
New York, NY, March 21, 2008 –Consolidated Carpet said its ConServe Reclamation Program recycled over 692,741 pounds of used flooring last year.
Johnsonite Adds Instructional Videos to Website
Chagrin Falls, OH, March 21, 2008—Johnsonite has added installation and maintenance instructional videos on its website, johnsonite.com.
Initial Jobless Claims Signal Economic Weakness
Washington, DC, March 20, 2008-- First-time jobless claims rose 22,000 to stand at 378,000 for the week ended March 15.
Fixed Rate Mortgages Fall Below 6%
Washington, DC, March 20, 2008—Fixed rate mortgages fell this week, while adjustable-rate mortgages didn’t move, according to Freddie Mac's weekly survey.
Leading Indicators Show Economy Still Slowing
Washington, DC, March 20, 2008-- The index of leading economic indicators, which forecast economic growth six to nine months ahead, fell 0.3 percent in February for a fifth consecutive decline