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.
New York, NY, Mar. 04--The Business Roundtable, an association of chief executive officers of large U.S. companies, said the latest quarterly survey of its members show they expect "steady improvement in economic conditions".
Washington, Mar. 4--The productivity of American workers grew 2.6 percent annual rate in the final three months of 2003.
Calhoun, GA, Mar. 4--Mohawk Industries Inc. said it expects 2004 capital expenditures, excluding acquisitions, to be between $140 million and $160 million.
Eglisau, Switzerland, Mar. 4--Swiss floor coverings maker Forbo Group has appointed This Schneider as its new chief executive with immediate effect, replacing Werner Kummer who will leave the company.
Cincinnati, OH, Mar.4--Federated Department Stores reported a better-than-expected 9 percent jump in February sales at stores open at least a year and raised its first-quarter earnings forecast.
Montpellier, France, Mar. 3--A new range of polyurethane resin-based floor systems that combines an antimicrobial layer has been launched.
Issaquah, WA Mar. 2--Costco Wholesale Corp. said fiscal second-quarter earnings jumped 25%, as sales were boosted by stronger foreign currencies and the recently ended grocery strike in southern California.
Washington, Mar. 3--Interest rates are too low for long-term economic stability and will have to rise at some point, Federal Reserve chairman Alan Greenspan said.
New York, Mar. 3--Hospitals plan to boost capital spending by 14% annually over the next five years, a new survey shows, a move that could squeeze many hospital systems' already thin profits.
Dallas, TX, Mar. 3-- As Martha Stewart's well-publicized case goes to a jury, people may still be buying her paint, flooring and furniture, Martha Stewart Everyday towels and bedding and, Martha Stewart Living magazines.