Millstream Investors Reject Sprinturf Acquisition
Wayne, PA, December 22, 2006--Millstream II Acquisition Corp. shareholders rejected proposals by management to acquire Sprinturf, a developer and installer of synthetic turf for athletic fields.
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.
Philadelphia Fed Manufacturing Index Contracts
Washington, DC, December 21, 2006--Manufacturing activity contracted in the Philadelphia region in December, the Federal Reserve Bank of Philadelphia reported Thursday.
Goodfellow Approves Two-for-One Stock Split
Delson, Quebec, December 21, 2006--Lumber and hardwood flooring distributor Goodfellow Inc. said its board of directors has approved a two-for-one stock split of the company's common shares outstanding.
Weekly Initial Jobless Claims Up
Washington, DC, December 21, 2006--The number of Americans filing applications for unemployment benefits climbed back in the latest week, while the number of workers continuing to claim benefits rose to its highest level since the beginning of the year.
Report: Online Holiday Spending Forecast at $24.6B
Reston, VA, December 21, 2006--Estimates for consumer online non-travel retail spending at U.S. web sites for the 2006 holiday season through Monday, December 18, according to ComScore Networks, reached $20.65 billion, marking a 25-percent increase versus
Millions Face Foreclosure on Subprime Mortgages
Washington, DC, December 20, 2006--A new Center for Responsible Lending (CRL) study reveals that 2.2 million American households will lose their homes and as much as $164 billion due to foreclosures in the subprime mortgage market.
Report: Renovation Spending to Set Record
New York, NY, December 19, 2006--Home-renovation spending in the U.S. will set records this year and next as a slump in housing demand prompts owners to improve properties instead of selling, according to a Fitch Ratings forecast.
Steelcase 3Q Earnings Beat Estimates
Grand Rapids, MI, December 18, 2006--Steelcase Inc. said its fiscal third-quarter earnings more than doubled, due mostly to gains in international markets.
San Jose to require LEED Silver for New Facilities
San Jose, CA, December 18, 2006--At a November 21st hearing, the San Jose City Council voted unanimously to require the U.S. Green Building Council's Leadership in Energy & Environmental Design (LEED) Silver standard for new city facilities.
Industrial Production Up 0.2%
Washington, DC, December 15, 2006--Industrial production rose by an overall 0.2% in November, as the auto sector showed signs of life after sharp declines in the past two months, the Federal Reserve said Friday.