Oil Prices Hit New Highs
New York, August 3-- Oil prices soared to a new record high above $44 a barrel on Tuesday after OPEC said it couldn't immediately boost production.
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.
Consumer Spending Off 0.7% in June
Washington, August 3-- Personal income grew modestly in June, while consumer spending took its biggest drop since September 2001.
Hooker Furniture Withdraws From Chinese Anti-Dumpi
Washington, August 2-- Representatives of the Furniture Retailers of America (FRA) hailed this week's formal withdrawal of Hooker Furniture Corporation from the anti-dumping petition filed by a group of U.S. furniture manufacturers targeting Chinese w
Liveris To Become Dow Chemicals CEO
Midland, MI, August 2--Dow Chemical Co. has named Andrew N. Liveris, CEO. He had been president and COO.
Construction Spending Off 0.3% in June
Washington, August 2--The Commerce Department said total construction spending in June fell 0.3%, the first decline since January, to a seasonally adjusted annual rate of $985.16 billion.
Home Depot Workers Reject Bid to Unionize
Harper Woods, MI, August 2--Home Depot Inc. workers at a suburban Detroit store rejected a bid to be represented by a labor union, a National Labor Relations Board official said on Saturday.
Manufacturing Activity Grows in July
Tempe, AZ, August 2--Manufacturing expanded for the 14th consecutive month in July, boosted by new orders and higher production, the Institute for Supply Management said Monday.
Shell & BASF Set to Sell $6B Plastics Business
London, England, July 30--Shell and BASF, the German chemical company, are preparing to sell Basell, a $6 billion (£3.3 billion) global plastics business, marking the first strategic move for the Anglo-Dutch oil company since becoming mired in its oil res
Kronotex Breaks Ground for Laminate Plant
Barnwell, SC, July 30--With continued success and growth in the U.S. market, Kronotex USA is responding to product demand by breaking ground on its first U.S.-based manufacturing facility.
Wife of Warren Buffett Dies After a Stroke
Cody, WY, July 30--Susan T. Buffett, 72 years old, wife of Warren E. Buffett and a director of his investment empire, Berkshire Hathaway Inc., died from a stroke yesterday in Cody, Wyo., where she and Mr. Buffett were visiting friends.