Personal Income and Spending Up in June
Washington, DC, August 2--Personal income was up at a seasonally adjusted annual rate of 0.5% in June, according to the Commerce Department. June’s hike came after an unrevised increase of 0.2% in May.
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.
ServiceMaster 2Q Earnings Up 13.5%
Downers Grove, IL, August 2--ServiceMaster in the second quarter reported an increase in earning of 13.5 percent.
Chain Store Sales Up Last Week
New York, NY, August 2--Chain store retail sales rose 0.9 percent in the week ended July 30, compared with a 0.4 percent increase the previous week.
Villeroy & Boch Boosts Job Cuts
Mettlach, Germany, August 2--Villeroy & Boch, the German ceramics group, is scaling up its job-cutting plan, and now envisages around 300 job cuts in the current year.
BonaKemi USA Names Savage Sports Sales Manager
Aurora, CO, August 2--BonaKemi USA, a leader in hardwood floor finishing and floor care, has added Dennis Savage as sports sales manager for the Western region.
PPG Acquires Asian Maker of Specialty Wood Coating
Pittsburgh, PA, August 2--PPG Industries has acquired Crown Coating Industries of Singapore, a privately held manufacturer of specialty wood coatings. Terms were not disclosed.
Home Depot Receives Hazardous Waste Subpoena
Atlanta, GA, August 1--Home Depot said it received a federal grand jury subpoena seeking documents and information related to its handling, storage and disposal of hazardous waste.
LBO France Buys French Tile Company Terreal
Paris, France, August 1--LBO France, a Paris-based private equity firm, agreed to buy French tile-maker Groupe Terreal for about 860 million euros ($1 billion), adding to investments that include building materials supplier Materis.
Frist Intends to Have Asbestos Bill Passed this Fa
Washington, DC, August 1--Senate Majority Leader Bill Frist said on Friday he intends to get legislation creating a $140 billion asbestos victims' compensation fund approved by the chamber this autumn.
Feltex Revises Earnings Again
Wellington, New Zealand, August 1--The reputation of the Feltex board led by chairman Tim Saunders is not improving with age. This week, the beleaguered carpet manufacturer revised its June-year earnings for the third time in four months.