Wholesale Inflation Less Food, Energy Surges
Washington, DC, May 20, 2008--Wholesale inflation fell in April after a huge increase in March although prices for a number of items spiked higher.
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.
Robina Signs Two Distributors
Kennesaw, GA, May 20, 2008--Robina Floors has signed a distribution agreement with T&G Hardwood.
Mohawk Sells Georgia Facility to US Floors
Atlanta, GA, May 19, 2008--Mohawk Industries Inc. has sold a 99,232 square foot building on 18.5 acres in Dalton, Georgia, to US Floors, LLC.
New Lab Tests Hard Surface Slip Resistance
Lynn, MA, May 19--Trusty-Step International, a manufacturer of slip-resistant floor chemicals, has opened a new tile testing laboratory.
Omnova Solutions Raising Prices on Latex
Fairlawn, OH, May 19, 2008 – Omnova Solutions will raise prices $0.04 per dry pound on styrene butadiene latex for carpet and related markets effective June 16.
Armstrong Names New Vice President and Treasurer
Lancaster, PA, May 19, 2008--Armstrong has promoted Thomas J. Waters to vice president and treasurer.
Economists See Short, Shallow Recession
Washington, DC, May 19, 2008--National Association for Business Economics says the economic downturn is likely to be eventually declared a recession even though it will be short and not very deep.
Lowe's Earnings Fall Nearly 18 Percent in Quarter
Mooresville, NC, May 19, 2008-- Lowe's reported net earnings for first quarter that were off 17.9 percent to $607 million for the first quarter. Earnings per share declined 14.6 percent to $0.41 from $0.48 in the first quarter of 2007.
Conference Board Says No Recession Likely
Washington, DC, May 19, 2008--The index of leading economic indicators rose 0.1 percent in April, the Conference Board said Monday. It was second consecutive gain.
Internet Mostly Indirect Influence on Purchasing
New York, NY, May 19, 2008--Although the Internet is routinely used by many people when making buying decisions, its influence doesn't compare with real people, a new study the Pew Internet and American Life Project suggests.