Construction Spending Down 0.8%
Washington, DC, March 1, 2007Private residential construction spending fell for the tenth month in a row in January, the Commerce Department said Thursday, as total construction spending dropped 0.8%.
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.
BASF Names Distribution Polymer Manager
Charlotte, NC, March 1, 2007--BASF has appointed Nancy M. Hoblack as Distributor Manager for the Functional polymers Regional Business Unit in North America.
Mohawk Named to Training Magazine Top 125
Dalton, GA, March 1, 2007--Mohawk Industries has been selected to Training Magazine’s “Top 125” training organizations. This is the most elite ranking among Fortune 500 companies for Training and Learning Development.
CRI Offers CEU Courses for AIA and IIDA
Dalton, GA, March 1, 2007--The Carpet and Rug Institute has formed a continuing education unit (CEU) work group from within its member company's orkforce to help put together a bevy of unbiased information that could be used for CEU courses.
Planned Layoffs Up 33%
Chicago, IL, March 1, 2007-- Planned layoffs rose 33% to a five-month high in February, as weakness in the housing market and auto industry seemed to spread into other sectors, according to Challenger, Gray & Christmas, an employment consulting firm.
Weekly Initial Jobless Claims up 7,000
Washington, DC, March 1, 2007--The number of first-time filings for unemployment claims rose by 7,000 in the latest week, while the number of continuing jobless claims rose to the highest level since December 2005.
Personal Spending and Core Prices Up
Washington, DC, March 1, 2007--Personal spending increased more than forecast in January and the Federal Reserve's preferred price gauge accelerated, suggesting inflation will remain the central bank's biggest concern.
Karastan Fashions Grace Chaiken Runway
Dalton, GA, March 1, 2007—Karastan recently participated in a runway show for Chaiken—a classy apparel line with a loyal celebrity following.
Home Depot to Spend $2.2B on Improvements
Atlanta, GA, March 1, 2007--Home Depot said it will pump $2.2 billion into improving its business this year even as it expects lower earnings and slim sales growth, partly because of a continued slump in the housing sector.
Beaulieu’s Recycling Efforts Score in UAE
Dubai, Enited Arab Emirates, March 1, 2007--Office Furnishing Interior Solutions part of the Easa Saleh Al Gurg Group has signed a distribution deal with the third largest carpet manufacturers in the world, Beaulieu of America.