Productivity Up in 1Q
Washington, DC, May 4, 2006--The productivity of the American workplace increased at a 3.2% annual rate in the first three months of the year, the Labor Department said Thursday.
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.
Sears Canada Shareholders Dispute Valuation
Chicago, IL, May 4, 2006--Pershing Square Capital Management, the hedge fund that has opposed Sears Holdings Corp.'s C$892 million ($807 million) plan to buy out Sears Canada Ltd, said that the bid significantly undervalues the stock.
Initial Jobless Claims Up 5,000
Washington, DC, May 4, 2006--First-time applications for unemployment benefits drifted higher by 5,000 last week to 322,000, the highest level since Nov. 19, the Labor Department reported Thursday.
Big Retailers See Strong April Sales
New York, NY, May 4, 2006--Retailers posted strong gains in April, as a late Easter and apparel-shopping surge outweighed concerns over gasoline prices and rising interest rates.
Champion Polymer Recycling, Greitzer Get CARE Awar
Pine Mountain, GA - May 05, 2006--Champion Polymer Recycling, a division of Infiltrator Systems, Inc., was honored as Recycler of the Year by the Carpet America Recovery Effort at the organization’s fourth Annual conference at the Southern Pine Conference
Clinch Mountain Expands Hardwood Plant
Lebanon, VA, May 3, 2006--Clinch Mountain Finishing & Logistics, a hardwood flooring manufacturer, will expand its Russell County facility, creating 220 jobs, Gov. Timothy M. Kaine announced Tuesday.
Hellenic Rug Expands AmericasMart Showroom
Atlanta, GA, May 3, 2006--Hellenic Rug Imports has expanded its AmericasMart Atlanta showroom to a 6,600 square feet. The company has expanded its AmericasMart facilities annually since 2000.
NWFA Expo Sets Attendance Record
St. Louis, MO, May 2, 2006--The NWFA’s recent 2006 Education Conference and Wood Flooring Expo in Baltimore broke all previous attendance records.
Floor Tile Producer Swisstrax Expands
Palm Desert, CA, May 3, 2006--Swisstrax Inc., supplier of interlocking floor tiles and garage floor products, has expanded.
Pending Home Sales Index Eases
Washington, DC, May 3, 2006--Pending home sales have slowed modestly as interest rates continue to rise, according to the National Association of Realtors.