Initial Jobless Claims Fall Unexpectedly
Washington, DC, Jan. 8, 2009--Initial jobless claims for unemployment benefits fell unexpectedly by 24,000 last week, according to the Labor Department.
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.
ADP Report: 693,000 Jobs Lost in December
Roseland, NJ, Jan. 8, 2009--U.S. companies cut an estimated 693,000 jobs in December, the most since records began in 2001, according to the ADP Employer Services report.
Kuwait Ready To Counter Dow Legal Moves
Midland, MI, Jan. 8, 2008--Kuwait is ready to counter any legal action by Dow Chemical to avoid paying a break fee of up to $2.5 billion over a scrapped $17.4 billion deal.
Tile Contractors Association Elects Cox President
Jackson, MS, Jan. 8, 2009--The National Tile Contractors Association (NTCA) elected John Cox, founder and president of Cox Tile in San Antonio, Texas, as president for the 2008-2010 term.
Fixed Rates Mortgages Below 5% Offered
New York, NY, Jan. 8, 2009--Some large U.S. banks are starting to offer fixed home loans below 5 percent.
Bed, Bath & Beyond Sees Earnings Slide
Union, NJ, Jan. 8, 2009--Bed Bath & Beyond Inc. said Wednesday that its third-quarter earnings fell more than 36 percent as revenue and same-store sales slipped on a continued pullback in consumer spending.
Amorim Buys Stake in US Floors
Dalton, GA, Jan. 7, 2009--Amorim Coatings has acquired 25 percent of North American distributor of cork flooring US Floors for $10 million.
Mullican Lumber Closing West Virginia Sawmill
Ronceverte, WV, Jan. 7, 2009--The Mullican Lumber Co., one of Greenbrier County’s largest employers, plans to close its sawmill operation by the end of March, citing the slumping national economy.
Forbo Anticipates Difficult 2009
Baar, Switzerland, Jan. 7, 2009--Forbo has been affected by the significant slump in demand for flooring products, the company said.
Housekeepers To Promote CRI Certified Products
Dalton, GA, Jan. 6, 2009--The International Executive Housekeepers Association (IEHA) and the Carpet and Rug Institute (CRI) have signed a joint Memorandum of Understanding.