Retail Sales Fall for Fifth Consecutive Month
Washington, DC, Dec. 12, 2008--U.S. retail sales dropped 1.8% in November for their fifth straight decline, the Commerce Department reported Friday.
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.
Consumer Sentiment Up, but Still Weak
Ann Arbor, MI, Dec. 12, 2008--The preliminary consumer sentiment survey from Reuters & the University of Michigan managed to edge up slightly in December, despite widespread forecasts of continued decline.
Momeni Relocating to Much Larger Space in Atlanta
Carlstadt, NJ, Dec. 12, 2008--After spending more than 20 years in the same fifth-floor showroom, high-end contemporary rug supplier Momeni Inc. has plans to relocate to a new and much larger space in Atlanta.
Japanese Experiment With Power Generating Floor
Tokyo, Japan, Dec. 12, 2008--East Japan Railway Company will install piezoelectric elements in the floors at ticket gates and other areas of Tokyo Station to test a system that generates power using the energy created by passengers.
Amici International Opening Showroom in Dubai
Lebanon, NJ, Dec. 12, 2008--Amici International is moving for the first time into Dubai, U.A.E., with a new showroom set for a grand opening to retail buyer customers at the end of this month.
Solutia Named Top 50 Company in St. Louis
St. Louis, MO, Dec. 12, 2008--Solutia has been named one of the Top 50 companies in St. Louis shaping the future of the St. Louis Regional Chamber and Growth Association.
Wholesale Prices Fall Sharply Again
Washington, DC, Dec. 12, 2008--U.S. wholesale prices fell sharply for the second straight month as weak demand pulled down prices for energy supplies and other raw materials.
White House Reconsiders, Says Will Help Big 3
Washington, DC, Dec. 12, 2008--The Treasury Department said Friday that it would step in and lend funds to the Big 3 auto-makers until Congress has time to consider a long-term rescue package next year.
Mortgage Rates Hit Four-Year Low
Washington, DC, Dec. 12, 2008--The average interest on a 30-year, fixed-rate mortgage dropped to 5.47 percent this week -- its lowest point in more than four years.
Auto Bailout Rejected by U.S. Senate
Washington, DC, Dec. 12, 2008--U.S. automakers are depending upon a reluctant White House to quickly provide a multibillion lifeline to help them avoid imminent collapse after the Senate rejected an automotive bailout plan.