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.

Employers Add 112,000 Jobs in October, Unemploymen

Washington, DC. December 3--Employers added 112,000 workers in November, less than the 200,000 that economists has expected, but the jobless rate dropped to 5.4 percent from 5.5 percent, according to the Labor Department.

Three Former Kmart Executives Charged with Fraud

Washington, DC, December 3--Three former Kmart executives and representatives of several major vendors were charged on Thursday with fraudulently accounting for $24 million of profit before the retailer filed for bankruptcy in 2002.

CRI Working In a Collaboration with NASA

Atlanta, GA, December 2-- After years of working together to enhance a hand held chemical analyzer, NASA and KeyMaster Technologies have created a device that can both function as a quality control tool for parts destined for the Space Shuttle and help le

Capstone To Fund $7.8 Million for Complete Floorin

New York, December 1--Capstone Business Credit, LLC signed a one-year project financing agreement with Complete Flooring Supply Corporation (CFS), based in Suwannee, GA. The deal represents funding $7,800,000 in accounts receivable over a one-year period

Forbo Sets Subscription Price For Capital Increase

Eglisau, Switzerland—December 2-- Forbo Holding AG said Thursday the share subscription price in the upcoming capital hike will be CHF150 ($132.01) each, less than half of Wednesday's closing price of CHF316.50 ($276.42).

Fed’s Beige Book Shows Signs of Continued Expansio

Washington, DC, December 2--The economy kept expanding from mid-October to mid-November, picking up speed in several regions of the country, according to the Federal Reserve’s Beige Book, which was released Wednesday.

October Construction Spending Flat

Washington, December 2--Construction spending was unexpectedly flat in October, but still at a record high, as gains in public spending offset a decline in residential construction, a government report said Wednesday.

House Price Gains Continue to Accelerate

Washington, D.C., December 3--Average U.S. home prices increased 12.97 percent from the third quarter of 2003 through the third quarter of 2004. Appreciation for the most recent quarter was 4.62 percent, or an nnualized rate of 18.48 percent.

Home Depot & Lowe's Settle Credit Card Suit

Los Angeles, December 2--More than two million people with credit cards from The Home Depot Inc. and Lowe's Companies Inc. could be eligible for $5 rebates under the terms of a court settlement of a lawsuit over the companies' credit card promotio