Fed’s Beige Books Hints at Slower Growth
Washington, September 8--The economy retained a head of steam in late July and August, but the pace of growth slowed in some districts amid weaker consumer spending and softness in the housing market.
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.
Hovnanian Earnings Rise 25%
Red Bank, NJ, September 7 -- Hovnanian Enterprises reported net income of $86.7 million, or $1.33 per fully diluted share, on $1.1 billion in total revenue for the third quarter ended July 31, 2004. Last year's third quarter net income was $68.8 milli
Lowe's Enters New $1B Credit Agreement
Wilksboro, NC, September 7—Lowe’s said Friday that it established a new $1 billion senior credit facility in July with 15 banking institutions.
Unemployment Rate Drops to 5.4%, 144,000 Jobs Adde
Washington, September 3—The economy in August added 144,000 jobs and the unemployment rate dipped to 5.4 percent from July’s 5.5 percent, the Labor Department reported.
IICRC Develops Three New Certification Courses
Vancouver, WA, September 2 - The Institute of Inspection, Cleaning and Restoration Certification (www.IICRC.org) is working on the development of three new certification courses. Currently the courses are undergoing beta testing and will be available for
Factories Slowed in August
Tempe, AZ, September 1--Factory activity in the U.S. cooled off in August, a closely watched private survey found, as new orders slackened and production slowed down.
Carpet Exchange Opens in Greeley
Greeley, CO, August 30-- With a focus on new jobs, charitable support and a low-price guarantee, Carpet Exchange will celebrate its grand opening at 4 p.m. today in the CenterPlace Shopping Center, according to the Greeley, Colorado Tribune.
Buckhardt Fund Seeks Donations
Fort Wayne, IN, August 25 -The 5th Annual George Buckhardt Memorial Golf Outing, hosted by George's Flooring Supplies, now part of Carpet Cushions and Supplies, will be held October 10, 2004 at the Colonial Oaks Golf Course in Fort Wayne, IN.
Mortgage Applications Drop 6.3%
Washington, August 25--The Mortgage Bankers Association (MBA) today reported a 6.3 percent drop in applications compared to the previous week.
Sears Signs Target Executive
Hoffman Estates, IL, August 24—Sears has named Luis Padilla from rival Target Corp. to become its first president of merchandising.