Beige Book: Economy Stronger
Washington, DC, January 20--The Federal Reserve in its Beige Book reported that economic activity continued to pick up in most of the country in late November through early January.
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.
Report: Tarkett Sweden AB to Cut 120 Jobs
Ronneby, Sweden, January 20--According to the Swedish news agency TT Tarkett Sweden AB plans to close down its production facility in Broby, Sweden and transfer parts of the operations to Poland.
Specter Backs $140B Asbestos Bill
Washington, DC, January 20--Senate Judiciary Committee Chairman Arlen Specter said on Wednesday he was proposing a $140 billion fund to compensate asbestos victims and cap the liability of companies paying them damages.
Homebuilder D.R. Horton 1Q Earnings Beat Estimates
Fort Worth, TX, January 20--Homebuilder D.R. Horton Inc. reported first-quarter net income of $241 million, or $1.01 per share, compared with net income of $185.6 million, or $0.78 per share a year earlier.
Honeywell Receives EPA Award
Morris Township, NJ, January 20--Honeywell said that it announced that it received the Landfill Methane Outreach Program (LMOP) "Project of the Year" award for 2004 from the U.S. Environmental Protection Agency (EPA) for an innovative landfill gas recover
Fire Damages Silo at a Robbins Plant
Ishpeming, MI, January 19--A fire in a silo at the Robbins Inc. flooring mill kept more than two dozen firefighters on the scene for nearly 12 hours in bitter cold Monday according to the Detroit Free Press.
December CPI Up 0.1%
Washington, DC, January 19--Consumer prices were off 0.1 percent in December, led by a drop in gasoline and heating oil prices, according to a Labor Department report. The core index, which excludes food and energy increased 0.2%.
HMI: Builders Confident in Housing Market
Washington, DC, January 19--The nation’s home builders expect the housing market to remain strong as a growing economy helps offset the impact of slowly rising mortgage interest rates, according to the National Association of Home Builders/Wells Fargo Hou
Oregon Rug Dealer Moves to Larger Quarters
Phoenix, OR, January 19--Bug in a Rug blended well for many years inside New West Imports in Medford. The area-rug dealer eventually outgrew its habitat, however, and needed a place of its own, according to the Medford, Oregon, Mail Tribune.
Solutia's Board Approves Funding For Incentive
Washington, DC, January 19--Solutia Inc. said Tuesday in a regulatory filing that its board approved funding for the company's 2004 incentive program.