Fed Ups Rates for 6th Time
Washington, DC, February 3--The Federal Reserve raised interest rates for a sixth straight time, extending a policy of gradually lifting borrowing costs to levels high enough to ward off inflation pressures.
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.
Tsunami Carpet Maker Receives ADEX Award
The Sea Ranch, CA, February 3--Hansine Pedersen Goran, owner and designer of Current Carpets, was awarded today her second Platinum ADEX Award for Design Excellence.
Productivity Up 4.1% in 2004, Extending Streak
Washington, DC, February 3--Productivity increased by 4.1 percent in 2004, capping a remarkable three-year period, according to the Labor Department.
Tarkett Commercial Inducted into Habitat for Human
Houston, TX, February 3--In recognition of its outstanding commitment to the betterment of low-income housing, Tarkett Commercial has been inducted into the prestigious Habitat for Humanity Cornerstone Council.
Lees Virginia Facility Receives ISO Certification
Kennesaw, GA, February 2--Lees Carpets' Glasgow, Va. manufacturing facility received ISO 14001:2004 certification from the International Organization for Standardization.
Sears to Move to Nasdaq After K-Mart Merger
Hoffman Estates, IL, February 3--Sears said it will change its listing to the Nasdaq Stock Market after its purchase by Kmart, ending the retailer's nearly 100-year association with the New York Stock Exchange.
January Retail Sales Mostly Solid
New York, NY, February 3—For the most part the nation’s major retailers posted solid gains in January sales. Wal-Mart however reported sales for the month that slightly missed Wall Street's expectations, after results at Sam's Club fell well belo
Linens 'n Things 4Q Earnings Off, Beat Estimat
Clifton, NJ, February 3--Linens 'n Things reported fourth quarter earnings that slipped, however results beat estimates on sales that were up 11.1 percent.
Pulte’s 4Q Earnings Increase 68%
Bloomfield Hills, MI, February 3--Pulte Homes reported fourth quarter earnings that rose 68 percent, boosted by an increase in home closings and prices.
Survey Confirms Value of IICRC Referral Service
Vancouver, WA, February 2--Does being an IICRC-Certified Firm really matter to consumers? Results of research done by The Institute of Inspection Cleaning and Restoration Certification (IICRC) suggest the answer is a resounding "Yes."