Industrial Production Off in March
Washington, DC, April 18, 2007--Industrial production dropped 0.2 percent in March as utility output fell as a result of sizable cold weather gains in February, according to a report from the Federal Reserve.
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.
CPI Up 0.6%
Washington, DC, April 18, 2007--The Consumer Price Index rose 0.6 percent in March, according to a Labor Department report.
Stanley 1Q Earnings Fall
Stankeytown, VA, April 18, 2007--Stanley Furniture said first -quarter net income dropped 69 percent due to a drop in sales and increased raw material costs.
Solutia Pays $131M in Bankruptcy Fees
Washington, DC, April 18, 2007--A judge has authorized Solutia Inc. to pay more than $18 million in fees to the lawyers and consultants working on its bankruptcy reorganization, raising the total over the past three years to at least $131 million.
Housing Starts Up 0.8% in March
Washington, DC, April 17, 2007—Housing starts rose 0.8 percent in March, according to a Commerce Department report.
Custom Floor Centre Merges With Ambassador
St Louis, MO, April 17, 2007--Custom Floor Centre (CFC) has merged with Ambassador Floor Co. The union creates the largest new residential and commercial flooring specialist in metro St. Louis.
Builder Confidence Drops Further In April
Washington, DC, April 16, 2007 - Deepening problems in the subprime mortgage market continued to take a toll on builder confidence in April, according to the National Association of Home Builders/Wells Fargo Housing Market Index.
Greenpeace Targets Illegal Logging
Sydney, Australia, April 17, 2007—Environmental group Greenpeace says China should take responsibility for illegal hardwood logging in Southeast Asia.
Home Depot Launches Eco Options
Atlanta, GA, April 17, 2007--Home Depot today expanded its long-term commitment to the environment and sustainability by launching its Eco Options(SM) program.
Unilin Reaches Agreements with Välinge & Beaulieu
Wielsbeke, Belgium, April 17, 2007--Unilin and Välinge have executed an agreement which puts an end to most worldwide litigation between the companies.