Coverings Appreciation Night Honors Dealers, Contr
Alexandria, VA, February 17, 2006--Networking is one of the most beneficial qualities of Coverings 2006, April 4-7, and it does not stop at the end of a show day.
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.
New Zealand’s Cavalier 1H Earnings Off
Wellington, New Zealand, February 17, 2006--Textiles and carpet maker Cavalier Corp. Ltd., Friday posted a sharply lower fiscal first half net profit due to "softer and challenging conditions" faced by the company's carpet and wool businesses.
Bernanke: U.S. Assets Safe in China
Washington, DC, February 17, 2006—Fed Chairman Ben Bernanke, barraged with lawmakers' questions on Thursday over rising foreign ownership of U.S. assets, played down fears that China held enough dollars to endanger the U.S. economy.
Federated Selling 15 Stores
Cincinnati, OH, February 17, 2006--Federated Department Stores said Friday it has agreed to sell 15 department stores located in Maryland, Ohio, Connecticut and California to Australian real estate conglomerate Westfield Group.
Carpet Expo 2006 Begins Tomorrow in India
Bhadohi, India, February 17, 2006--Over 300 carpet exporters and importers from India and abroad will participate in the three-day 'Carpet Expo 2006' at New Delhi's Pragati Maidan from tomorrow, according to Business Line.
Union Felt Products Fined for Health and Safety Vi
Toronto, Ontario, February 17, 2006--Union Felt Products Inc., a manufacturer of carpet underlay and other padding, was fined $70,000 today for a violation of the Occupational Health and Safety Act that resulted in a serious hand injury to an employee.
Architecture Billings Index Up in January
Washington, DC, February 17, 2006--The Architecture Billings Index (ABI), a leading economic indicator of nonresidential construction activity, was positive in January for the twelfth consecutive month, and fourteen out of the last fifteen months.
Import Prices Up 1.3%
Washington, DC, February 16, 2006--Prices of goods imported into the United States rose by 1.3% in January as the price of imported petroleum rose 6.4%, the Labor Department said Thursday.
Dal-Tile Trims NY Production
Olean, NY, February 16, 2006--According to report in the Olean Times Herald, Dal-Tile, within weeks, will be reducing its mosaic tile production by half, closing a kiln and also laying off at least 30 second-shift union workers.
Target 4Q Earning Up 14%
Minneapolis, MN, February 16, 2006--Target Corp., reported a 14 percent increase in earnings for the fourth-quarter.