Home Depot Cutting 500 Jobs at Headquarters
Atlanta, GA, February 1, 2008--Home Depot said it will lay off about 10 percent of its employees at its corporate headquarters.
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.
ProSource Named Top Flooring Franchise
St. Louis, MO, February 1, 2008—Entrepreneur magazine has named ProSource Wholesale Floorcoverings, the largest professionals-only wholesale flooring showroom in North America, as the top floorcoverings franchise.
Report Says Flowcrete May Be Sold
London, January 31, 2008--Flowcrete, the UK-based flooring company, may possibly sell be sold for £35 million, according to published reports.
Green Building Seminars Popular at IBS Event
Washington, DC, January 30, 2008 - As members of the National Association of Home Builders (NAHB) prepare for the launch of the NAHB National Green Building Program, they’re planning on getting educated – in droves.
Consumers Tighten Belts in December
Washington, DC, January 30, 2008--Consumers spent less in December than at any time in the past 15 months, the Commerce Department reported Thursday.
New Jobless Claims Highest in Over Two Years
Washington, DC, January 31, 2008--New claims for unemployment benefits increased by a much larger-than-expected 69,000 last week to the highest level in more than two years, the Labor Department reported.
Fed Slashes Key Interest Rate By Half Point
Washington, DC, January 30, 2008--The Federal Reserve on Wednesday cut a key interest rate by half a point, the second cut in a little more than a week.
Most Commercial Real Estate Execs Still Upbeat
Washington, DC, January 30, 2008--Despite worries over the contraction of financial markets, most U.S. real estate executives believe industry fundamentals are solid.
Online Employment Index Falls in January
New York, NY, January 31, 2008--The Monster Employment Index fell nine points in January, extending a three-month downward trend and indicating further moderation in U.S. online recruitment activity.
Pulte Follows Other Builders With Massive Loss
Detroit, MI, January 30, 2008--Pulte Homes Inc. posted a loss of $874.7 million for the fourth quarter as the housing market continued to deteriorate.