Bedspread Industry Pioneer Dies
Dalton, GA, July 14, 2008--John Hugh Hackney, 94, considered to be a pioneer in the chenille bedspread industry, died July 12 at his home in Dug Gap.
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.
Lumber Liquidators Expands into Brooklyn
Brooklyn, NY, July 11, 2008--Lumber Liquidators, with more than 125 stores nationwide, has added another one to its roster with its first store in Brooklyn.
Consumer Sentiment Barely Budges
Ann Arbor, MI, July 11, 2008--U.S. consumers remain extremely pessimistic this month, according to the consumer sentiment index from the University of Michigan/Reuters.
Exports Climb To All-Time Highs: Trade Gap Narrows
Washington, DC, July 11, 2008--The United States' trade deficit narrowed in May as exports climbed to all-time highs, according to the Commerce Department.
CEOs Still Widely Pessimistic About Economy
Washington, DC, July 11, 2008--The Conference Board Measure of CEO Confidence inched up from 38 to 39 in the second quarter, but is still pessimistic.
Propex Raising Prices 11 Percent
Chattanooga, TN, July 11, 2008 – Propex Flooring, the major supplier of primary and secondary carpet backing to the carpet industry, said it will increase prices 11 percent effective Aug. 11.
AIA Study: Counties Moving Toward Green Building
Washington, DC, July 11, 2008--Since 2003 the number of counties with green building programs has risen from eight to 39 for an increase of 487.5 percent, according to the American Institute of Architects.
Initial Jobless Claims Fall to Three-Month Low
Washington, DC, July 10, 2008--Initial jobless claims for U.S. unemployment benefits fell by 58,000 in the latest week, the Labor Department reported Thursday.
S&P Maintains Ratings, Outlook on Mohawk
New York, NY, July 10, 2008--Standard & Poor's Rating Services said its ratings and outlook on Mohawk Industries Inc. would remain unchanged.
Freddie, Fannie May Need Federal Bailout
Washington, DC, July 11, 2008--The New York Times reported Friday the government was considering taking over the operations of one or both Fannie Mae and Freddie Mac, adding to fears that have mounted this week.