200,000 Carpet Workers Jobless In Nepal
Kathmandu, Nepal, February 7, 2007--Nepal Woolen Carpet Exporters Association (NWCEA) has stated that almost 200,000 workers have been rendered jobless following forced closure of carpet industries.
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.
Weyerhaeuser Earns $450M in 4th Quarter
Federal Way, Washington, February 9, 2007--Forest products maker Weyerhaeuser Co. said Friday it swung to a profit in the fourth quarter from a year-ago loss, although lower domestic log prices still weighed on results.
Consumer Confidence Hits 2 1/2-Year High
Washington, DC, February 9, 2007--Consumer confidence climbed to a 2 1/2-year high with people feeling even better about job prospects, the current economic climate and investment opportunities.
January Sales at U.S. Chain Stores Increases 3.7%
New York, NY, February 9, 2007--The arrival of cold winter weather and consumers armed with gift cards gave retailers something to cheer about as U.S. chain store sales increased by a strong 3.7 percent for the month, on a year-over-year basis.
Jobless Claims Rise Slightly Last Week
Washington, DC, February 9, 2007--The number of newly laid off workers filing for unemployment benefits edged up slightly last week but was at a level that signaled a solid labor market.
Invista Appoints New Marketing Manager
Atlanta, GA, February 8, 2007--Invista Interiors said today that Melissa S. Noebes has been appointed marketing communications & brand manager for its commercial and transportation business.
Housing Recovery Predicted at Builders Show
Orlando, FL, February 8, 2007--Government and housing industry economists say the ailing housing market will regain a little of its momentum in 2007, but the recovery will be slow.
MBA Testifies Before Senate on Predatory Lending
Washington, DC, February 8, 2007--Doug Duncan, chief economist and senior vice president of research and business development for the Mortgage Bankers Association (MBA), testified February 7, before the Senate on preditory lending.
Teragren Secures New Distribution Agreements
Baninbridge Island, WA, February 8, 2007--Teragren, a leading manufacturer of bamboo flooring, panels and veneer, today said that it has secured four new agreements that will expand the company’s distribution network significantly.
Domotex asia/Chinafloor Expects to Break Records
Shanghai, China, February 8, 2007--The last edition of Domotex asia/Chinafloor in 2006 broke all previous records for: exhibition area , number of exhibitors, countries represented and diversity of floor covering exhibits.