Construction Spending Up
Washington, DC, Jun. 1--Spending on construction increased 1.3% in April, estimated at a seasonally adjusted annual rate of $970.4 billion, the Commerce Department said Tuesday.
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.
Union Leaders Upset over Invista’s UK Job Cuts
Cheltenham, UK, May 28--Union leaders have reacted with fury to the news that nylon fibre producer Invista is cutting a quarter of its 900-strong workforce, according to the Gloucestershire Echo.
Home Depot Directors Re-Elected
Dallas, TX, May 27-- Home Depot Inc. on Thursday said preliminary voting results indicate that all 10 of its directors were reelected to its board.
Platinum Equity Agrees to Acquire DyStar
Ludwigshafen, Germany, May 28--BASF, Bayer and Hoechst today announced that Platinum Equity plans to acquire DyStar, the Frankfurt-based manufacturer of textile dyes.
GE Asks EU Court to Overturn Honeywell Merger Ban
Luxembourg, May 28-- General Electric Co. appealed Thursday for a European Union court to overturn a ban on its merger with Honeywell International Inc. claiming EU regulators buried evidence and disregarded data.
Dow to Expand Latex Production in China
Midland, MI, May 28--Dow Latex, the latex business of The Dow Chemical Company announced plans to add a second styrene/butadiene latex train in its production site in Zhangjiagang, China, to better meet the growing customer needs in the Greater China regi
Lowe's Boosts Dividend by 33%
Mooresville, NC, May 28--Lowe's Cos.on Friday said it boosted its quarterly dividend by 33 percent.
University of Michigan’s Consumer Sentiment Index
Ann Arbor, MI, May 28--U.S. consumer sentiment slipped fell in May, as high energy prices and the prospect of interest rates hikes weighed on Americans' willingness to spend.
Chicago PMI Dips
Chicago, IL, May 28-- A closely watched measure of manufacturing activity in the Chicago area dipped a bit in February, the region's purchasing managers said Friday, but was still stronger than most economists expected.
Personal Income and Spending Up
Washington, DC, May 28--Personal incomes grew in April at twice the rate of spending, boosting the savings rate to the highest level since last summer.