Collins & Aikman Reports 2Q Loss
Troy, MI, August 2—Auto interior supplier Collins & Aikman Corp. reported a second-quarter loss Monday, but company officials said many of those problems won't occur in coming quarters.
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.
Consumers Crave New Kitchen and Bath Luxury
North Olmsted, OH, August 3--It's paying $2,000 for a granite kitchen countertop instead of $600 for a laminate version, or spending $3,500 for a custom-designed refrigerator rather than $300 for a basic model. What are we talking about?
Oil Prices Hit New Highs
New York, August 3-- Oil prices soared to a new record high above $44 a barrel on Tuesday after OPEC said it couldn't immediately boost production.
Consumer Spending Off 0.7% in June
Washington, August 3-- Personal income grew modestly in June, while consumer spending took its biggest drop since September 2001.
Hooker Furniture Withdraws From Chinese Anti-Dumpi
Washington, August 2-- Representatives of the Furniture Retailers of America (FRA) hailed this week's formal withdrawal of Hooker Furniture Corporation from the anti-dumping petition filed by a group of U.S. furniture manufacturers targeting Chinese w
Liveris To Become Dow Chemicals CEO
Midland, MI, August 2--Dow Chemical Co. has named Andrew N. Liveris, CEO. He had been president and COO.
Home Depot Workers Reject Bid to Unionize
Harper Woods, MI, August 2--Home Depot Inc. workers at a suburban Detroit store rejected a bid to be represented by a labor union, a National Labor Relations Board official said on Saturday.
Manufacturing Activity Grows in July
Tempe, AZ, August 2--Manufacturing expanded for the 14th consecutive month in July, boosted by new orders and higher production, the Institute for Supply Management said Monday.
Construction Spending Off 0.3% in June
Washington, August 2--The Commerce Department said total construction spending in June fell 0.3%, the first decline since January, to a seasonally adjusted annual rate of $985.16 billion.
GDP Growth Slows to 3%
Washington, DC, July 30--Economic growth decelerated to a slower-than-expected pace in the second quarter as consumer spending fell to its weakest rate since the recession three years ago.