City of LaGrange & Milliken Harvest Greener Energy
LaGrange, GA, August 10--The City of LaGrange, Georgia will launch an innovative program harvesting gas from the community landfill in September.
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.
Federated's 2Q Earnings Nearly Double
Cincinnati, OH, August 10--Federated Department Stores said its earnings nearly doubled in its second quarter, and the company sees sales growth picking up in the second half of the year.
Investors Seize on Laminate Opportunities in Russi
Moscow, Russia, August 10--Foreign investors have found a new free niche on the Russian building materials market: Laminate manufacturing, according to RIA Novosti.
Mortgage Applications Off Last Week
New York, NY, August 10--Applications for home mortgages fell last week, its third consecutive drop, as refinancing activity waned and interest rates reached four-month highs, industry group figures showed on Wednesday.
Fed Ups Rates to 3.5%, No Hint of Pause
Washington, DC, August 10--The Federal Open Market Committee raised its target for short-term interest rates Tuesday by a quarter percentage point to 3.5% and gave no hint that it is interested in stopping anytime soon.
Productivity Growth Slows
Washington, DC, August 9--Productivity in the second quarter rose at a 2.2% annual rate, according to the Labor Department.
Chain Store Sales Off Last Week
New York, NY, August 9--Chain store retail sales fell 0.8 percent in the week ended Aug. 6, compared with a 0.9 percent increase the previous week, the International Council of Shopping Centers and UBS said in a joint report.
Coveright Mulls Expansion at South Carolina Plant
Columbia, SC, August 9--Coveright Surfaces doesn’t make hardwood flooring and cabinets, but its 145 employees in Blythewood produce the wood-grain illusion.
ASID Foundation Names Ray Anderson Trustee
Washington, DC, August 9--The ASID Foundation, Inc. has named new members of its board of trustees.
Wholesale Inventories Up 0.7%
Washington, DC, August 9--Wholesalers inventories were up 0.7 percent in June, while wholesale sales rose 0.6 percent, according to the Commerce Department.