Planned Job Cuts Remain Low
Chicago, IL, Oct. 6, 2010--Planned layoffs at U.S. firms rose slightly in September, though it was the second lowest level of the year, according to outplacement consultancy Challenger, Gray & Christmas, Inc.
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.
Dispute Between Valinge, Pergo Continues
Viken, Sweden, Oct. 6, 2010--Valinge said that a U.S. District Court has ruled in favor of Pergo regarding patent infringement based on insufficient evidence, but also ruled against Pergo regarding the validity of Välinge patents.
Johnsonite Wall Base Gets FloorScore Certification
Chagrin Falls, OH, Oct. 6, 2010--Johnsonite, the North American commercial arm of the Tarkett Group, said that its rePLACE demountable wall base has earned FloorScore certification.
Nation's Economic Stress Declines in August
New York, NY, Oct. 6, 2010--Lower foreclosure rates helped decrease economic stress nationwide in August, according to an analysis by the Associated Press.
Stanton Buys Schumacher Carpet Business
Long Island, NY, Oct. 5, 2010--Stanton Carpet, a manufacturer and importer of decorative branded carpet and custom rugs, said it has acquired the carpet wholesale dealer distribution business of F. Schumacher & Co.
Chain Store Sales Up Over Last Year
New York, NY, Oct. 5, 2010--U.S. chain-store sales rose 2.4% last week compared with one year ago, according to the International Council of Shopping Centers (ICSC) and Goldman Sachs.
NAHB Economist Dials Back Housing Forecasts
Washington, DC, Oct. 5, 2010--The National Association of Home Builders' chief economist has reduced his housing starts forecasts for the remainder of this year and next year.
Justice Department Sues Credit Card Companies
Washington, D.C., October 5, 2010--On Monday, the U.S. Justice Department sued credit card companies Mastercard, Visa and American Express for anti-competitive practices.
More Consumers Expect To Buy a Home Soon
Washington, DC, Oct. 5, 2010--A new Harris Poll finds no major changes in consumer expectations for how they will spend their money on big ticket items over the next six months, with the possible exception of homes.
Service Sector Growth Picks Up Pace
Washington, DC, Oct. 5, 2010--Growth in the U.S. services sector accelerated last month more quickly than economists had expected and hiring also picked up, according to the Institute for Supply Management.