Fed Cuts Federal Funds Rate One-Quarter Point
Washington, DC, April 30, 2008--The Federal Reserve lowered a key U.S. interest rate by a quarter percentage point on Wednesday in what could be the last of a series of cuts that began last year.
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.
Economy Continued To Grow in First Quarter
Washington, DC, April 30, 2008--Gross Domestic Product grew an anemic 0.6 percent in the first quarter as the housing and credit markets continue to be a drag on the economy.
Mortgage Applications Fall Off on Fewer Refis
Washington, DC, April 30, 2008 — Mortgage loan application volume fell 11.1 percent last week on substantially lower refinancing activity.
Companies Added Jobs in April, Surprising Experts
Roseland, NJ, April 30, 2008--Employers in the U.S. unexpectedly added 10,000 jobs in April, according to the ADP Employer Services report.
Green Building Standard Submitted to ANSI
Washington, DC, April 30, 2008--The National Green Building Standard for residential building, remodeling and renovation has been submitted to the American National Standards Institute (ANSI) for approval.
Dixie Group Making Employee Cuts
Chattanooga, TN, April 30, 2008--Dixie Group is cutting up to 8 percent of its employees as the depressed housing market continues to drag down carpet sales.
Tarkett's Azrock Wins Gold Adex Award
Houston, TX, April 28, 2008 – Azrock by Tarkett was a recipient of a 2008 Gold ADEX award for Karim Kolors and a Platinum ADEX award for Added Dimensions.
LEED for Homes Gets New Vice President
Washington, D.C., April 30, 2008--Veteran residential executive Nate Kredich has joined the U.S. Green Building Council (USGBC) as vice president for residential market development.
CCA Global Signs Financial Adviser for Members
Indianapolis, IN, April 29, 2008 -- Castle Wealth Advisors LLC has signed an agreement with CCA Global Partners to provide business valuation, succession and retirement planning services to Flooring America and Carpet One buying cooperative store owners.
Sika Acquires Garland's Polymer Flooring Business
Baar, Switzerland, April 30, 2008 - Sika AG said that its U.S. subsidiary, Sika Corporation, has acquired the commercial and industrial polymer flooring business of ICS Garland, Inc. The price was not disclosed.