Unemployment Rate Declines
Washington, DC, Jan. 9--The unemployment rate fell in December to its lowest level in 14 months.
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.
Armstrong Shareholders Approve Dissolution
Lancaster, PA, Jan. 8--Armstrong Holdings Inc., the holding company of Armstrong World Industries, Inc., announced today that at a special meeting of its shareholders held yesterday approval was received for its conditional dissolution.
Suit Claims Mohawk Employs Illegal Immigrants
Rome, GA, Jan. 7--Three former workers and a current employee at Mohawk Industries have filed a federal lawsuit accusing the carpet manufacturer of keeping wages down by hiring illegal immigrants.
Manufacturing Growth Best In 20 Years
Tempe, AZ, Jan. 2--The manufacturing sector grew for a sixth straight month in December, turning in its best performance in 20 years, the Institute for Supply Management reported Friday.
Mohawk Upgraded to Outperform
New York, Jan 2--Analysts at Morgan Keegan upgrade Mohawk Industries, Inc. from "market perform" to "outperform."
Online Retailers Report Record Holiday Sales
New York, NY, Dec. 31--Online retailers have record sales to celebrate this season. E-commerce sales jumped 29%, from $9.08 billion to $11.72 billion from last year to this year.
America's Top Employers To Add Jobs
San Francisco, CA, Dec. 30--With the gathering winds of an economic expansion at their backs, many top U.S. employers are entertaining adding to their worker ranks in 2004.
Holiday Retail Sales Meet Expectations
New York, NY, Dec. 29--Official sales numbers won't be known for several weeks, but consumers' retail spending grew 6.5% for the Thanksgiving-to-Christmas shopping season.
GDP Growth Holds At 8.2%
Washington, DC, Dec. 23--The government left its estimate for third-quarter gross domestic product growth unchanged in a final reading.
Solutia Granted $85M In Bankruptcy Financing
St. Louis, MO, Dec. 20--Solutia Inc. was granted access Friday to $85 million in bankruptcy financing, dearly important funds for a company whose liquidity had dwindled to about $20 million.