Fed Cuts Rates By a Quarter Point
Washington, DC, October 31, 2007--The Federal Reserve cut interest rates but said the risk of inflation was roughly equal to downside risks to growth, suggesting further rate reductions are far from a sure bet.
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.
Solutia Receives Commitment for $2B Exit Financing
St. Louis, MO, October 31, 2007--Solutia Inc. said it has received a fully underwritten commitment for $2 billion of exit financing.
Manufacturing Expansion Slows, Lowest Since March
Tempe, AZ, November 1, 2007--Economic activity in the manufacturing sector expanded in October for the ninth consecutive month, while the overall economy grew for the 72nd consecutive month.
Monster Employment Index Edges Up
New York, NY, November 1, 2007--The Monster Employment Index edged up two points in September, driven largely by stepped-up recruitment for white-collar and military occupations.
Online Advertised Job Vacancies Dip
New York, NY, November 1, 2007--In October there were 4,161,700 online advertised vacancies, a decrease of 108,300 or 2.5% percent from the September level, according to The Conference Board Help-Wanted OnLine Data Series.
Travis Re-elected IICRC President
Vancouver, WA, November 1, 2007--The Institute of Inspection, Cleaning and Restoration Certification elected the 2008 IICRC Executive Committee during its board of directors’ meeting on October 19-21 in Vancouver, Washington
Hoboken Closes, Terminates 120
Wayne, NJ, November 1, 2007--About 120 people were fired this week from Hoboken Wood Flooring LLC, the country's largest independent distributor of hard-surface flooring.
Jobless Claims Fall 6,000 Last Week
Washington, DC, November 1, 2007—Jobless claims fell 6,000 to 327,000 in the week ended October 27, according to a report from the Labor Department.
Personal Income and Spending Rise in September
Washington, DC, November 1, 2007—Personal spending rose 0.3% in September after a revised 0.5% gain in August, according to the Commerce Department.
McMurdie to Leads R&D Efforts at Mapei Americas
Deerfield Beach, FL November 1, 2007--Neil McMurdie has joined Mapei as director of research and development efforts for the Americas.