UPS to Buy Overnite for $1.25B in Cash
Atlanta, GA, May 16--United Parcel Service said it agreed to acquire Overnite Corp. for about $1.25 billion in cash to expand its ground freight services in North America.
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.
Ladd Named Hospitality Sales VP at Beaulieu
Adairsville, GA, May 16--Steve Ladd recently joined Beaulieu Commercial as Vice President of Sales & Marketing for Hospitality.
Dubai’s Merinos Carpet to Expand Globally
Dubai, United Arab Emeritus, May 16--Merinos Carpet has announced that it would be expanding its presence across the globe with the launch of a comprehensive international franchise program.
Leaver Named Flooring America’s Director of Commun
Manchester, NH, May 16--As Flooring America continues to maximize their internal talent, Tim Leaver, former regional manager of the Southwest area, was promoted to Director of Communications.
Hooker Furniture Cuts 2Q Outlook
Martinsville, VA, May 13--Hooker Furniture has revised its sales outlook for the company's 2005 second quarter.
Inventories Up 0.4% in March
Washington, DC, May 13—-Business inventories rose 0.4% in March, below expectations and slower than the 0.7% increase in sales.
Consumer Sentiment Off in May
Ann Arbor, MI, May 13--Consumer sentiment as measured by the University of Michigan's preliminary index dropped unexpectedly to 85.3 in May from 87.7 in April.
OSHA Drops Proposal Harmful to Small Contractors
Washington, D.C., May 13--The Associated General Contractors of America announced that OSHA withdrew a proposal harmful to small contractors.
TCNA Handbook Offers 5 New Ceramic Installation Me
Clemson, SC, May 13--Introduced at Coverings 2005, the Tile Council of North America’s (TCNA) 2005 Handbook for Ceramic Tile Installation includes more than 300 updates.
Import Prices Up 0.8%
Washington, DC, May 13--Prices of imports into the United States rose a larger-than-expected 0.8% in April on higher prices for oil, metals and chemicals.