2Q GDP Expands 3.4%
Washington, DC, July 29—-GDP rose at an annual rate of 3.4% in the second quarter, according to the Commerce Department. In the first quarter, real GDP increased 3.8%.
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.
2Q Employment Costs Show Moderate Increase
Washington, DC, July 29--The Labor Department reported that employment costs continued to gain moderately in the second quarter, at a 0.7 percent annual rate that matched the first quarter's pace.
Tile of Spain Awards of Architecture Seeking Entri
Miami, FL, July 29-- The Spanish Ceramic Tile Association (ASCER) is pleased announce the call for entries in the 4th Tile of Spain Awards of Architecture and Interior Design.
House Passes CAFTA
Washington, DC, July 28--The House narrowly approved a controversial trade agreement with Central America early Thursday, handing President Bush a hard-fought trade victory.
BlueLinx Acquires Hardwood Distributor Lane Stanto
Atlanta, GA, July 28--Building products distributor BlueLinx Holdings Inc. has purchased California-based hardwood lumber company Lane Stanton Vance (LSV).
Report: ProSource Adds 13 New Franchises
St. Louis, MO, July 28—-According to Martin Van Der Werf, a columnist at the St. Louis Post-Dispatch, ProSource Wholesale Floorcoverings, a unit of CCA Global Partners, announced 13 new franchise agreements.
Floor and Decor Outlets of America Completes Finan
Atlanta, GA, July 28--Floor and Decor Outlets of America announced the closing of an equity financing that will support the company's continued expansion.
Dow Chemical 2Q Earnings Up
Midland, MI, July 28--Dow Chemical said its earnings nearly doubled in the second quarter as the company improved sales while keeping costs in check.
Georgia-Pacific's 2Q Sales and Earnings Off
Atlanta, GA, July 28—-Georgia-Pacific posted second quarter net earnings that fell to $194 million, or $0.73 a share, compared with $220 million, or $0.84, earned in the year-ago quarter.
Federated to Convert 330 May Stores to Macy's
Cincinnati, July 28--Federated Department Stores, Inc. will add about 330 Macy's locations nationwide in 2006 as it converts regional department store nameplates to be acquired through its pending merger with The May Department Stores Company.