Growth in Hiring Costs Slows
Washington, July 30--Employers saw the growth rate in the cost of hiring and retaining workers slow in the second quarter, which could help contain inflation worries as oil-price pressures mount.
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.
Shell & BASF Set to Sell $6B Plastics Business
London, England, July 30--Shell and BASF, the German chemical company, are preparing to sell Basell, a $6 billion (£3.3 billion) global plastics business, marking the first strategic move for the Anglo-Dutch oil company since becoming mired in its oil res
Unifi to Close European Manufacturing Operations
Greensboro, NC, July 30--Unifi, Inc. announced that, as of November 2004, its European operations will focus solely on the sales, distribution and service of textured yarn.
Target to Sell Mervyn's for $1.65B
Minneapolis, July 30—Target Corp. said it will sell its struggling Mervyn's discount department-store chain to a group of private-investment firms for about $1.65 billion.
Pergo Invites Shareholders for Board Vote
Trelleborg, Sweden, July 29—Pergo has invited shareholders to attend an extraordinary general meeting on Aug. 19, 2004 at the headquarters in Sweden.
Beige Book Shows Some Cooling
Washington, July 29--The Federal Reserve reported that the U.S. economy cooled off in June and July as consumer spending, especially on autos, slowed significantly after a big surge in early spring.
Kronotex to Expand in South Carolina
Snelling, SC, July 29-- "Good things come to those who wait." That was the phrase of the day Wednesday during a news conference to announce first-phase development of the largest industry located at the South Carolina Advanced Technology Park in Barnwell
Wellman Reports 2Q Results
Shrewsbury, NJ, July 28--Wellman, Inc. announced second quarter 2004 showed significant improvement over first quarter 2004 results.
INSTALL Adds Endorsers
St. Louis, MO, July 29-- Six manufacturers from the United States and Canada who learned more about the International Standards and Training Alliance (INSTALL) during Surfaces 2004 have become formal endorsers of the training program.
Clinging to the Art of Carpet Making
Khchni, Dagestan, July 29--Emerging from a dark room in her cool home high in the mountains of Dagestan, Asli Isayeva rolled out half a century's worth of dust and memories onto the dining room floor.