Fire Destroys Abu Dhabi Carpet Factory
Musaffah, Abu Dhabi, Sept. 3, 2008--A massive fire gutted a paper and carpet factory in Abu Dhabi on Saturday evening, the UAE daily Gulf News reported on Sunday.
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.
Balihoo Tools To Be Used by CCA Global Partners
Boise, ID, Sept. 3, 2008--CCA Global Partners will roll out Balihoo Marketer Edition over the next year.
As Gustav Passes, Oil Prices Plunge
New York, NY, Sept. 2, 2008--Oil prices plunged to below $106 a barrel Tuesday in Asia
EcoTimber Thriving in Down Market for Wood
Richmond, CA, Sept. 2, 2008--EcoTimber, a supplier of environmentally friendly wood flooring, expects to see its sales rise 20 percent this year, according to a story in the San Francisco Chronicle.
Stanford Professor Says He's Invented Green Cement
Moss Landing, CA, Sept. 2, 2008--Stanford Professor Brent Constantz said he has invented a green cement that could eliminate the huge amounts of carbon dioxide spewed into the atmosphere by the manufacturers of the everyday cement used in concrete.
Construction Spending Lower Than Expected in July
Washington, DC, Sept 2, 2008--U.S. construction spending fell a greater-than-expected 0.6 percent in July as private home building hit ts lowest rate in more than seven years, according to the Commerce Department.
Manufacturing Contracts Slightly in August
Washington, DC, Sept 2, 2008--U.S. manufacturers cut back production slightly in August, according to the Institute for Supply Management.
Analyst Upgrades Lowe's To 'Buy'
New York, NY, Sept. 2, 2008--Goldman Sachs upgraded Lowe's Companies to "buy" from "neutral," citing in part a stabilizing housing market.
U.K. Carpet Firms Start Billboard Campaign
London, England, Sept. 2, 2008--U.K. carpet firms are launching a multi-million pound ad campaign after being hit by the housing slump and Britain's love affair with wood flooring.
Personal Income Falls in July
Washington, DC, Aug. 29, 2008--Personal incomes fell in July while consumer spending slowed significantly as the impact of billions of dollars in government rebate checks began to wane, according to the Commerce Department.