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.

Minneapolis Fed President Sees No Reason to End Ti

Tokyo, Japan, June 20--Federal Reserve Bank of Minneapolis President Gary Stern sees no reason for the Federal Reserve to stop raising interest rates now as the economy expands at a desirable pace, a Japanese newspaper reported on Monday.

New Owners of Texas Contractor Finds New Success

Fort Worth, TX, June 20-- It was a price war: Whoever had the lowest price got the job, and by the end of 2002, Jeff Bennett knew he had to quit. Going to work wasn't fun anymore, according to the Fort Worth Star Telegram.

Consumer Sentiment Up In June

Ann Arbor, MI, June 17--Consumer sentiment improved in June, according to the University of Michigan consumer sentiment index. The gauge rose to 94.8 from 86.9 in May.

EU Sends Statement of Objections in Synthetic Rubb

Brussels, Belgium, June 17--The European Commission confirmed it sent a 'statement of objections' detailing competition concerns to a series of synthetic rubber producers accused of operating a cartel, according to afx news.

Current Account Gap Widens

Washington, DC, June 17--The current account deficit continued its steady march upward in the first quarter, the Commerce Department reported Friday.

Iranian Claims Pakistani Weavers Imitating Persian

London, England, June 17--An expert on carpet affairs said that Pakistan has taken full advantage of poor state support for the industry in Iran to imitate the designs of Persian carpets and export them to international markets.