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.
Cairo, Egypt, June 12, 2008--Egypt-based rug and carpet maker Oriental Weavers sold 941,291 of its own shares to a strategic consortium led by the Saudi-based private equity group Amwal AlKhaleej, the company said.
Washington, DC, June 12, 2008--Retail sales rose 1.0 percent in May as Americans spent more on gasoline and goods, a government report showed Thursday.
Washington, DC, June 12, 2008--The Federal Reserve said that U.S. businesses have had only "mixed results" trying to raise selling prices with the economy still weak.
Washington, DC, June 11, 2008--The National Federation of Independent Business's index of small business optimism fell 2.2 points in May to 89.3, the lowest reading since 1980.
Washington, DC, June 12, 2008--Initial jobless claims for state unemployment benefits surged higher by 25,000 last week.
Bristol, VA, June 12, 2008--Universal Fibers said it has developed state of the art technology that can produce the first ever nylon 6,6 fiber from recycled carpeting.
Jacksonville, FL, June 9 --Private equity firm The Riverside Company has purchased ITEL Laboratories, the independent testing laboratory serving the property insurance industry.
Austin, TX, June 12, 2008-- Intertech Flooring said it has named Stacy Mueller director of training and safety.
Kennesaw, GA, June 10, 2008--Floor & Decor Outlets of America said that Wes Lowzinski has been named senior vice president / chief merchandise officer.
Washington, D.C., June 11, 2008 — The size of the typical U.S. home is declining, according to the American Institute of Architects Home Design Trends Survey.