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.
Vienna, Austria, September 21, 2007--A big overhang of property will bring U.S. house prices down further, but it is too early to say if the economy will plunge into recession, Alan Greenspan told Austrian magazine Format.
Grand Rapids, MI, September 21, 2007-- Steelcase reported higher fiscal second-quarter earnings on Thursday, but its shares fell along with its peers' on worries about the industry outlook.
Fort Worth, TX, September 21, 2007--Pier 1 Imports reported a smaller quarterly loss as it phased out its Kids and Internet segments, but the results missed expectations and its stock fell as much as 6%.
Dallas, TX, September 19, 2007--Surfaces has been named by Tradeshow Week as one of the 50 fastest-growing tradeshows in North America.
Toronto, Ontario, September 19, 2007--Lowe's said that its subsidiary, Lowe's Companies Canada, plans to open its first three stores in Canada the week of Dec. 10.
Washington, DC, September 20, 2007--The Conference Board said that its index of leading economic indicators dropped substantially in August, which could portend a slowdown in economic growth.
Washington, DC, September 20, 2007—Jobless claims were off 9,000 to 311,000 in the week ended September 15, according to a Labor Department report.
New York, September 20, 2007--Online job availability rose in 21 of the top 28 U.S. metro markets in August, reflecting a modest rise in online recruitment activity across a majority of major U.S. markets.
Atlanta, GA, September 20, 2007--Home Depot said it plans to close its 11 Landscape Supply stores within the next two months.
Washington, DC, September 18, 2007--The Federal Open Market Committee today lowered its target for the federal funds rate 50 basis points to 4 3/4%.