Fed Minutes Reveal Rates Likely to Keep Rising
Washington, January 5--At the Fed's Dec. 14 meeting, policymakers boosted the federal funds rate by one-quarter percentage point, marking the fifth increase in this key rate in 2004.
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.
Former Federated CEO Charged with Perjury
New York, January 5--James Zimmerman, former chairman and chief executive of Federated Department Stores, was indicted for perjury on Tuesday by New York Attorney General Eliot Spitzer.
Boone Distributors Moving
Lakeland, FL, January 5-- A new home is in the works for Boone Distributors. The flooring distributor and wholesaler has hired Lakeland's Folsom Construction to build its 4,300-square-foot offices.
Design Center Solutions Forms New Company
Sausalito, CA, Jan. 5--Design Center Solutions has formed a new company, The Bridgeway Media Group. Builder process and non-design center products will now be offered under the Bridgeway Builder Solutions subsidiary.
Environmental Home Center Reopens
Seattle, WA, January 5--Environmental Home Center (EHC), the nation's first sustainable building supplier, announced that its showroom is now open to the public.
3M Contributes $1.5M to Tsunami Relief Efforts
St. Paul MN, January 5--3M announced it will donate $1.5 million to help with the relief efforts in the Southern Asian countries devastated by the earthquake and tsunamis.
Update: Online Holiday Purchases Up 25%
New York, NY, January 4--The latest holiday eSpending Report from Goldman, Sachs & Co., Harris Interactive, and Nielsen//NetRatings revealed that online shoppers in the U.S. spent $23.2 billion during the 2004 holiday season, excluding travel.
Asian Producers: Equal Quality at One-Third the Pr
Beijing, China, January 4--Suppliers in mainland China, Taiwan and India feel their products now take on quality-conscious markets in Europe and North America.
ASCR 2005 Convention Features Cutting Edge Speaker
Millersville, MD, January 4--Critical issues facing owners and managers of cleaning and restoration firms will be under the microscope at the 60th annual convention of the Association of Specialists in Cleaning and Restoration.
Chain Stores Sales Up Last Week
New York, NY, January 4--Chain store retail sales rose a bit in the latest week due to post-Christmas shopping, a report said on Tuesday.