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.

Hess To Become New Chairman at Rieter

Hess To Become New Chairman at Rieter

Winterhur, Germany, January 30, 2008--Roland W. Hess will succeed Kurt Feller as chairman of the board at Rieter Holding Ltd. at the firm's annual meeting May 8.

Economy Loses 17,000 Jobs in January

Washington, DC, February 1, 2008—Employers slashed 17,000 jobs in January, according to the Labor Department, while economists were expecting job growth. Jobs were cut in manufacturing, construction, and a variety of professional and business services.

Consumer Sentiment Lower Than Expected

Ann Arbor, MI, February 1, 2008—U.S. consumer sentiment rose less than expected in January from December, although worries persisted over the stock market and the housing slump, according to the Reuters/University of Michigan Surveys of Consumers.