Greenspan: Rates Must Rise At Some Point
Washington, Mar. 3--Interest rates are too low for long-term economic stability and will have to rise at some point, Federal Reserve chairman Alan Greenspan said.
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.
Hospitals to Boost Spending
New York, Mar. 3--Hospitals plan to boost capital spending by 14% annually over the next five years, a new survey shows, a move that could squeeze many hospital systems' already thin profits.
Eureka Introduces “Easier To Use” Carpet Shampooer
Bloomington, IL, Mar. 3-- According to a recent survey, consumers aren't cleaning carpets as often as they'd like.
Colorado Hardware Merchant Says He Can Compete wit
Colorado Springs, CO, Mar. 3--Ace Hardware franchise owner Darek Barnes thinks he has found a niche where he can successfully compete with home improvement giant Home Depot Inc.
Minuteman Earnings Rise 13 Percent
Addison, IL, Mar. 2--Minuteman International, Inc. the floor-care equipment and chemical manufacturer, today reported that the improvement in the general economy during the final quarter of 2003 was reflected in the Company's operating results for tha
2003 Home Prices Rise 7.97 Percent
Washington, D.C., Mar. 2--U.S. average home prices rose 7.97 percent in 2003 from 2002, driven by strong housing demand and historically low mortgage rates.
EU Launches Tariffs Against U.S.
Seattle, WA, Mar. 2--U.S. exporters began paying the price for a trade fight between the United States and European Union yesterday.
Prosecutor: Stewart Left Evidence Of Lies
New York, NY, Mar. 2--Telling careful lies but making careless mistakes, Martha Stewart and her stockbroker were bent on keeping investigators from the truth about why the homemaking icon sold stock, a federal prosecutor said Monday.
FieldTurf Selected for Metrodome Following Bankrup
Minneapolis, MN, Mar. 2--The Metropolitan Sports Facilities Commission (MSFC) announced today that it will move forward with the purchase and installation of "FieldTurf."
Foamex International Announces Fourth Quarter and
Linwood, PA, Mar. 2--Foamex International Inc. today announced its 2003 fourth quarter and full-year financial results.