Fed Hikes Rates to 3.75%
Washington, DC, September 21--The Federal Reserve raised interest rates again, saying Hurricane Katrina could fuel inflationary pressures but does not pose a persistent threat to the economy.
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.
WarmlyYours’ Georges Selvais Honored
Buffalo Grove, IL, September 21, 2005 – Georges Selvais, co-founder and General Manager of WarmlyYours, was honored at a recent dinner held in Chicago in recognition of his 10 years of contributions to the advancement of floor warming technologies.
OnLine Help-Wanted Ads Up in August
New York, NY, September 21, 2005--The number of new online job ads rose to 2,130,000 in the month of August, according to The Conference Board Help-Wanted OnLine Data Series™.
Perpetual Machine Acquires Lessco
Dalton GA, September 21, 2005--Perpetual Machine Company (PMC) announced the completion of the asset acquisition of Lessco, a Dalton-based manufacturer of carpet, rug and textile manufacturing equipment.
Patcraft Intros Strut Your Stuff
Dalton, GA, September 21, 2005--It goes without saying that a carpet with a provocative name like Strut Your Stuff should offer a visually striking profile, and that’s surely true of Patcraft Commercial Carpet’s latest offering.
Foamex Receives Court Approval of First Day Motion
Linwood, PA, September 21, 2005--Foamex said it has received approval from the Bankruptcy Court for the company's "first day" motions that will enable its operations to proceed smoothly and without interruption throughout its reorganization case.
Forbo Increases Prices
Hazleton, PA, September 21, 2005--Effective November 1, 2005, Forbo Flooring North America will have a 3-5% price increase on all products and sundry items. The increase was brought on by an increase in production costs, transportation costs and fuel cost
Time to Register and Make Plans For Surfaces 2006
Dallas, TX, September 21, 2005--Surfaces 2006, which takes place January 31 – February 3, is already on pace to be the biggest event to date.
NRF Projects 5% Growth in Holiday Sales
Washington, DC, September 21, 2005--On the heels of the strongest holiday season in five years, retailers can expect moderate holiday sales growth this year.
Turner Construction Praised in Greening the School
New York, N.Y., September 19, 2005 -- Turner Construction Company, the nation's leading general builder, received an accolade this weekend from former President Clinton at the Clinton Global Initiative Conference, held in New York City.